Crypto.com and Novig sue Missouri as cease-and-desist deadlines expire

Two federally regulated prediction market exchanges took Missouri to federal court on October 16, 2026, asking judges to block the state’s gambling laws from reaching their sports event contracts. North American Derivatives Exchange, Inc., the exchange behind Crypto.com’s prediction markets, filed its complaint in the Western District of Missouri in Kansas City before Judge Greg Kays, according to the docket in North American Derivatives Exchange, Inc. v. Hanaway . Ludlow Exchange, LLC, which trades as Novig, filed a companion suit the same day in the Eastern District in St. Louis.