Crypto.com and Novig sued Missouri over cease-and-desist orders on sports event contracts; Kalshi, Polymarket, and Robinhood chose not to litigate.
Regulation & Gov ·
Crypto.com and Novig filed suit in federal court against Missouri after the state's attorney general issued cease-and-desist orders targeting six companies offering sports event contracts. The litigation represents a direct challenge to the enforcement action, though other recipients of similar orders—Kalshi, Polymarket, Robinhood, and Underdog—have not pursued court challenges.
The dispute centers on whether platforms offering wagers tied to sports outcomes fall within Missouri's regulatory jurisdiction and can be compelled to cease operations in the state. The two companies chose to contest the orders rather than comply or delay, signaling disagreement over the legal basis for the enforcement action.
The divergent responses underscore uncertainty within the sector about how to approach state-level gambling enforcement. Whether the litigation succeeds, settles, or prompts regulatory negotiation remains unclear, as does whether the inaction by other platforms reflects strategic caution, acceptance of the orders, or separate negotiations with state authorities.