Novig Sues Missouri Officials Ahead of Prediction Market Deadline
- —Suit filed one day before the October 17 deadline to halt contracts or secure a state license
- —Novig was designated a contract market by the CFTC on June 16, 2026, and cites that status
- —Company seeks preliminary and permanent injunctions against Missouri's gambling law enforcement
- —Missouri earlier sent cease-and-desist letters to six platforms, including Polymarket, Kalshi and Robinhood
Why it matters: The ruling will decide whether states can regulate prediction markets despite the CFTC's federal jurisdiction over swaps.
Source: The Crypto Times