Novig Takes on Five States at Once in Fight to Keep Sports Prediction Markets Open
TLDR
- Novig filed a federal lawsuit against Wisconsin’s Attorney General and gaming administrator on Aug. 14
- The company argues its sports contracts are federally regulated derivatives under the Commodity Exchange Act
- Wisconsin previously sued Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase in April over similar contracts
- A federal judge denied the CFTC’s preliminary injunction against Wisconsin enforcement in July
- Wisconsin is the fifth state Novig has sued since August 4
Prediction market platform Novig has filed a federal lawsuit against Wisconsin officials, seeking to block the state from applying its gambling laws to sports event contracts traded on its exchange.
JUST IN: Novig sues Wisconsin, arguing sports contracts are swaps and should fall under the CFTC’s exclusive jurisdiction. If upheld, this could sharpen regulatory focus on prediction markets $NOVIG pic.twitter.com/znnsWmNd8U
- Bpay News (@bpaynews) August 17, 2026
The company filed the 45-page complaint on August 14 in the U.S. District Court for the Western District of Wisconsin. Novig is asking for preliminary and permanent injunctions, as well as a declaration that federal law takes precedence over Wisconsin statutes.
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