Novig parent challenges Wisconsin gambling jurisdiction in federal court
By SectorWire desk ·
Summary
Novig parent Ludlow Exchange filed a federal lawsuit seeking to prevent Wisconsin's Department of Justice from applying state gambling laws to its sports contracts. The company argues that federal commodities law gives the CFTC exclusive jurisdiction. The department referred to its April litigation announcement rejecting attempts to place sports wagering outside state law through different descriptions.
Why it matters
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.