QCX LLC (d/b/a Polymarket US) v. Torrez

Stayed10th Cir.Platform v. State

Docket last checked September 22, 2026. Snapshot — not legal advice.

As of September 25, 2026, the legality of prediction markets in New Mexico is unresolved — litigation is ongoing with no final ruling yet. New Mexico status and cases →

Overview

Polymarket US’s New Mexico preemption suit, filed June 2026 under the Commodity Exchange Act and seeking declaratory and injunctive relief against the Attorney General. It never reached a merits ruling: after three extensions of the state’s deadline to answer or move to dismiss, the parties jointly moved to stay, and Judge David H. Urias granted the stay on August 14, 2026. New Mexico now carries six actions — this one, Novig’s (also stayed) and Underdog’s, the Attorney General’s enforcement action, the Mescalero Apache Tribe’s IGRA suit, and the CFTC’s suit against the state.

Timeline

June 2026

Polymarket US sues the New Mexico Attorney General for declaratory and injunctive relief.

August 2026

Judge Urias stays proceedings on the parties’ joint motion.

What's next: No activity until the stay lifts.

Parties

Plaintiffs

  • QCX LLC d/b/a Polymarket US

Defendants

  • Raúl Torrez (New Mexico Attorney General)
  • Members of the New Mexico Gaming Control Board
This page is informational, not legal advice. Nearly every entry in this tracker is a preliminary ruling under appeal. Always verify a platform's current, location-specific eligibility directly with the venue before relying on this page.