Novig and Crypto.com’s Exchange Ask Federal Courts to Shield Them From Missouri Enforcement

Novig and Crypto.com’s U.S. derivatives exchange have asked federal judges to stop Missouri from treating their sports event contracts as illegal, unlicensed betting. Both suits were filed on Friday, Oct. 16, in separate federal districts. Ludlow Exchange, which operates as Novig, filed a 42-page complaint in the Eastern District of Missouri against Attorney General Catherine Hanaway , Missouri Gaming Commission Executive Director Michael A. Leara and commission Chair Jan Zimmerman. North American Derivatives Exchange , the Crypto.com-owned exchange, sued in the Western District , naming Hanaway and members of the gaming commission. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . The September Letters In September, Hanaway’s office sent cease-and-desist letters to Robinhood, Underdog, Novig, Crypto.com, Kalshi and Polymarket.

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