OG sues Washington officials after Kalshi injunction over sports contracts
Crypto.com-owned North American Derivatives Exchange, doing business as OG, sued Washington state officials in federal court on 22 July, seeking declaratory and injunctive relief. The company alleges that state enforcement of gambling laws threatens its sports event contracts, which it says operate under the Commodity Futures Trading Commission’s jurisdiction.
The case could determine whether Washington can apply state gambling laws to OG’s sports event contracts.