Novig and Crypto.com’s Exchange Ask Federal Courts to Shield Them From Missouri Enforcement

Novig and Crypto.com's exchange asked federal courts to block Missouri's attorney general from enforcing sports wagering rules against six prediction market operators. The two CFTC-regulated exchanges argue federal law preempts the state rules, which the attorney general moved to enforce in September. The case tests whether state gambling laws can apply to federally regulated crypto exchanges.