Missouri Attorney General Sues Novig, Polymarket U.S. in Countersuit Against State Officials

Missouri Attorney General Catherine Hanaway filed a countersuit against prediction market platform Novig in federal court on November 9, invoking the Illegal Internet Gambling Enforcement Act of 2006 to prohibit Novig from accepting funds from Missouri residents. Missouri argues that betting without permission from the state's Gaming Commission violates state law. On the same day, QCX LLC, the operator of Polymarket U.S., sued Catherine Hanaway and five members of the Gaming Commission, arguing that the Commodity Exchange Act excludes Missouri's sports betting regulations from applying to its exchange and that the state licensing system discriminates against out-of-state businesses. In September, Catherine Hanaway issued cease and desist letters to Polymarket, Kalshi, Novig, Crypto.com, Underdog, and Robinhood. Novig filed a lawsuit against Missouri officials in October, arguing that the Commodity Futures Trading Commission has exclusive jurisdiction over event contracts on federally designated exchanges. (Source: Bitcoin.com News)