By SectorWire desk ·
The report said that Novig submitted plans to CFTC for a broad range of sports event contracts. Regulatory documents on Ludlow Exchange’s website showed 68 filings in total.
The filings seek approval for a wider sports prediction market offering.
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Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.
The filed rules would add a uniform minimum age and further trading protections at Ludlow Exchange.
The framework brings responsible-trading requirements into Novig’s exchange operations.
The lawsuits place Novig’s new prediction market platform in disputes with four states.