Crypto.com and Novig Sue Missouri Over Sports Event-Contract Enforcement

Crypto.com-linked North American Derivatives Exchange and Novig sued Missouri officials in separate federal cases on October 16, seeking to block enforcement of the state’s sports-wagering laws against their sports event contracts. The filings came after the 30-day period in Missouri Attorney General Catherine Hanaway’s cease-and-desist letters elapsed, according to The Block . The dispute over prediction-market-style sports contracts is now in federal court. The companies are challenging Missouri’s ability to apply its sports-betting enforcement framework to the contracts they offer. Two federal cases challenge Missouri enforcement Ludlow Exchange LLC, doing business as Novig, filed Ludlow Exchange, LLC v. Hanaway et al. in the U.S. District Court for the Eastern District of Missouri on October 16.

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