Novig Takes Legal Action Against New York Over Prediction Markets
Novig has filed a federal lawsuit against New York regulators after launching its sports prediction market platform across 47 states, challenging the state’s authority to restrict its event contracts. The company is seeking a preliminary injunction against New York Attorney General Letitia James and members of the New York State Gaming Commission, arguing that its prediction markets fall under federal oversight through the Commodity Futures Trading Commission (CFTC). Novig received approval as a Designated Contract Market (DCM) from the CFTC on June […] The post Novig Takes Legal Action Against New York Over Prediction Markets appeared first on World Casino News.
Novig has filed a federal lawsuit against New York regulators after launching its sports prediction market platform across 47 states, challenging the state’s authority to restrict its event contracts. The company is seeking a preliminary injunction against New York Attorney General Letitia James and members of the New York State Gaming Commission, arguing that its prediction markets fall under federal oversight through the Commodity Futures Trading Commission (CFTC). Novig received approval as a Designated Contract Market (DCM) from the CFTC on June […]
The post Novig Takes Legal Action Against New York Over Prediction Markets appeared first on World Casino News.
