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Crypto.com and Novig Sue Missouri Over Sports Event Contracts

Crypto.com and Novig, a related company, have filed lawsuits against Missouri officials to block the enforcement of sports betting laws against their event contracts. The companies argue that federal commodities law gives the Commodity Futures Trading Commission (CFTC) authority over their contracts. Other companies like Kalshi, Polymarket, Robinhood, and Underdog have not filed similar lawsuits.

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