By The Weekly Edge desk ·
CasinoBeats reported that Novig sued New York, Massachusetts, Washington and New Mexico after launching its standalone prediction market platform. The platform launched nationwide under CFTC regulation, according to the report.
The lawsuits place Novig’s new prediction market platform in disputes with four states.
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Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The action addresses manipulation of a contract linked to Santos’s own conduct.
The settlement resolves an investigation into an alleged event-contract trade involving Santos’ own attendance.
The penalty addresses misleading public statements linked to event contract trading.
The agreement resolves the regulator’s market manipulation investigation.