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Novig sues Wisconsin over sports prediction contracts – TON BOT

Novig sues Wisconsin over sports prediction contracts

Novig, a prediction market operator, has sued Wisconsin officials to prevent the state from applying gambling laws to its sports event contracts. Novig argues that its contracts are federally regulated derivatives and should fall under the jurisdiction of the Commodity Futures Trading Commission. This is part of a larger legal battle over prediction market regulation in multiple states.


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