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. Ludlow Exchange LLC, doing business as Novig, filed Ludlow Exchange, LLC v. Hanaway et al. in the U.S.

Source: Crypto Daily