Crypto.com and Novig sue Missouri over sports event contracts as Kalshi, Polymarket and Robinhood hold off


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Promote with Leviathan NewsCrypto.com's exchange, North American Derivatives Exchange, and Novig filed federal lawsuits Friday seeking to block Missouri from enforcing sports wagering laws against their event contracts. Crypto.com's suit, in the Western District, argues the Commodity Exchange Act gives the CFTC exclusive jurisdiction and says licensing is impossible since both direct mobile licenses are already awarded. Novig sued in the Eastern District, seeking an injunction pending an 8th Circuit appeal. Kalshi, Polymarket, Robinhood and Underdog, which received identical September cease-and-desist letters, have not sued. Federal appeals courts are split on the preemption question.
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