Missouri gave six prediction market operators 30 days to stop sports event contracts; Crypto.com and Novig are suing while Kalshi, Polymarket and $HOOD hold off. Hanaway says repackaged sports bets st

What happened: Crypto.com and Novig sued Missouri over sports event contracts after receiving cease-and-desist orders. Kalshi, Polymarket, Robinhood and Underdog, which also received such orders, have not filed suits in Missouri, per court records. Why it matters: The filings put Crypto.com and Novig at the front of a legal challenge to Missouri's action, while the other recipients of cease-and-desist orders have so far not joined them in court.

Crypto.com and Novig sued Missouri over sports event contracts after receiving cease-and-desist orders. Kalshi, Polymarket, Robinhood and Underdog, which also received such orders, have not filed suits in Missouri, per court records.

The filings put Crypto.com and Novig at the front of a legal challenge to Missouri's action, while the other recipients of cease-and-desist orders have so far not joined them in court.