TechThe Blockabout 1 hour ago
NY Judge Denies Novig Injunction Bid
2 min read
A New York federal judge denied Novig's injunction bid on Aug. 5, 2026, ruling its sports event contracts are not swaps. The decision allows the state to require Novig to obtain a gambling license or prohibit trading. This follows similar rulings against Kalshi, Polymarket, and other prediction market platforms, signaling a shift toward proactive state enforcement.
Level
Hype check
Tap to vote and see what everyone thinks.
