Two prediction-market exchanges have filed separate federal lawsuits seeking to block Missouri from applying state sports-wagering laws to their sports event contracts. The complaints open new cases in the state's two federal districts, but neither filing establishes that an injunction has been granted.
Ludlow Exchange, which operates Novig, filed Ludlow Exchange v. Hanaway in the Eastern District of Missouri on October 16. The court's official filing record identifies case 4:26-cv-01780 and names Attorney General Catherine Hanaway and two Missouri Gaming Commission officials as defendants in their official capacities.
North American Derivatives Exchange, the exchange associated with Crypto.com's prediction-market product, filed a separate action in the Western District the same day. The federal docket index lists it as case 4:26-cv-00969 before Judge Greg Kays. A current report on both complaints says the exchanges seek declaratory and injunctive relief, arguing that federal commodities law preempts Missouri's regulation of the contracts. Those are the plaintiffs' legal claims, not court findings.
The cases follow cease-and-desist letters announced by Missouri in September. The attorney general characterizes sports event contracts as unlicensed wagering and told six operators to stop offering them in the state unless they comply with Missouri law. The new litigation asks federal courts to resolve that jurisdictional conflict; the available dockets do not yet show a substantive decision.
