Infiniti Briefing
Crypto.com and Novig sue Missouri over sports event contracts; Kalshi and Polymarket hold off Two firms sued Missouri Friday as cease-and-desist deadlines ran out; Nadex says CFTC has exclusive jurisdiction.
Crypto.com and Novig have sued Missouri officials in federal court over sports event contracts, according to The Block. The lawsuits follow a September directive from Missouri Attorney General Catherine Hanaway to stop offering those contracts.
Two firms challenge Missouri’s directive
Hanaway’s order targeted six firms. Crypto.com and Novig are the two identified in The Block’s report as having brought federal challenges.
Kalshi and Polymarket have held off on suing, according to the report published Oct 18, 2026. The available summary does not explain their decisions.
The source’s full text was unavailable. The supplied material does not identify the companies’ legal arguments, the relief they seek or any court response, limiting what can be concluded about the litigation’s likely effect on sports event contracts in Missouri.
What it means for prediction markets
- The state dispute has reached federal court. Crypto.com and Novig are challenging Missouri officials following the September stop-offering directive, but the available material establishes no ruling or change in access.
- The firms’ responses differ. Kalshi and Polymarket have not joined the reported litigation. That distinction alone does not establish how any of the firms will ultimately respond to Missouri’s order.
Sources & attribution
- [1]Theblock (theblock.co)https://www.theblock.co/news/regulation/2026-10-18-crypto-com-novig-sue-missouri-over-sports-event-contracts-kalshi-polymarket-robinhood-hold-off-418866
Date & time:
Full attribution under the DMCA, 17 U.S.C. § 512: an original Infiniti Intelligence report summarizing and linking to the publishers named above. All rights in the underlying reporting remain with them. Rights holders may request correction or removal via the contact address at infiniti.w3ai.io.
Related
- Republicans win the Michigan Senate race in 2026 priced at 30% on Polymarket, down 2.5 points, on $814K traded
- Kansas City wins priced at 90% on Kalshi, up 11 points, on $2.5M traded
- Infiniti Briefing
- Arizona wins priced at 28% on Kalshi
- US agree to a new Iranian nuclear deal this year priced at 8% on Kalshi
- Carolina wins priced at 99% on Kalshi, up 37 points, on $6.6M traded