By SectorWire desk ·
The report said that Novig launched its sports prediction platform across the US. The launch followed CFTC designation as a contract market.
The designation enables Novig’s nationwide event-contract 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.