The firms are seeking a court ruling to affirm that the CFTC maintains sole oversight of sports event contracts, which would block Missouri from regulating the market at the state level. The plaintiffs contend that state-level intervention is unlawful when it conflicts with federal jurisdiction over these specific types of financial instruments.
Tuesday, October 20, 2026
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Crypto.com and Novig Sue Missouri Over Sports Market Jurisdiction
Crypto2 days ago
Missouri's attorney general directed 6 prediction market operators to stop offering sports contracts to residents of the state, sparking a legal conflict over regulatory control. Novig and the exchange operated by Crypto.com responded on Friday by filing federal lawsuits to challenge the state's authority, arguing that the Commodity Futures Trading Commission has exclusive jurisdiction over these transactions.
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