Crypto.com and Novig sue Missouri to block sports prediction market crackdown

Crypto.com’s prediction market exchange and Novig have filed separate federal lawsuits against Missouri officials, seeking to stop the state from enforcing sports betting laws against their event contracts after a 30-day compliance deadline expired. According to federal court records reviewed by crypto media, both companies filed their complaints on Oct. 16, challenging cease-and-desist notices issued by Missouri Attorney General Catherine Hanaway in September. The lawsuits followed warnings sent to six prediction market operators, including Kalshi, Polymarket, Robinhood and Underdog, which were told to stop offering sports event contracts in Missouri unless they obtained state gambling licenses. Crypto.com and Novig are the only two companies among the six reported to have filed federal lawsuits in Missouri as of Sunday.

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