NEW YORK COURT DELIVERS BLOW TO SPORTS PREDICTION MARKETS📅 November 13, 2026
🇺🇸 United States
A federal judge in New York has rejected Novig’s request to block state authorities from enforcing gambling laws against its sports prediction market.The court ruled that Novig’s sports event contracts do not qualify as financial swaps under the Commodity Exchange Act.
KEY IMPLICATIONS🔹 New York may require Novig to obtain a state gambling licence.
🔹 Federal commodities registration does not automatically exempt prediction platforms from state gambling laws.
🔹 Unlicensed sports event contracts may face restrictions.
WHY IT MATTERS FOR iGAMINGPlatforms such as Novig, Kalshi and Polymarket face increasing scrutiny over whether sports prediction contracts are financial products or gambling.
If this legal approach gains wider support, operators could face additional licensing requirements, higher compliance costs and restrictions on sports-related markets.
Novig has appealed the decision to the Second Circuit.
The battle between prediction markets and traditional gambling regulation is becoming one of the biggest legal issues in the US gaming industry.
Sources:The Block: https://www.theblock.co/news/regulation/2026-11-11-new-york-judge-denies-novig-injunction-bid-437828
SBC Americas: https://sbcamericas.com/2026/11/12/novig-new-york-judge-denial-cftc/
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