Novig Sues Wisconsin over Sports Prediction Contracts

Novig sues Wisconsin over sports prediction contracts

Novig sued Wisconsin officials seeking to block state gambling laws from applying to its federally regulated sports event contracts.

Novig Sues Fifth State After Launching Sports Event Contract Markets

Novig recently filed a lawsuit in Wisconsin to prohibit the state from enforcing its gambling laws, now having taken preemptive legal action in five states to protect its recently launched sports event contract markets. Novig filed a lawsuit in U.S. District Court for the Western District of Wisconsin against Wisconsin Attorney General Joshua L. Kaul … Continued The post Novig Sues Fifth State After Launching Sports Event Contract Markets appear…

Novig Preemptively Sues Wisconsin Over Prediction Markets

Why Is Novig Suing Wisconsin Before The State Takes Action? Sports-focused prediction market Novig has sued Wisconsin officials before the state takes enforcement action against the platform, extending a legal strategy the company has already used in four other states this month. Ludlow Exchange LLC, the Novig subsidiary that operates its exchange, filed a 45-page complaint Friday in the U.S. District Court for the Western District of Wisconsin …

Novig sues Wisconsin officials over sports event contract enforcement

Novig has taken Wisconsin officials to federal court, aiming to prevent the state from using its gambling laws against sports event contracts available through the company’s federally supervised exchange. Ludlow Exchange LLC, operating as Novig, lodged the case Friday (August 14) in Wisconsin’s Western District federal court. Attorney General Joshua Kaul and Division of Gaming administrator John Dillett are named as defendants in their official …

CoinStats - Prediction market Novig sues Wisconsin AG in ...

Novig, which recently announced a partnership with the New York Mets, has sued officials in five states including Wisconsin since Aug. 4.