Operator v. state
North American Derivatives Exchange, Inc. v. James
U.S. District Court for the Southern District of New York, 1:26-cv-04980
Pending
Before Judge Lorna G. Schofield (reassigned from Judge Victor Marrero on Aug. 5, 2026) as related to United States v. New York (1:26-cv-03404). The exchange's preliminary-injunction motion (filed June 22, 2026) was opposed on July 27, 2026; the related federal PI motion was set for hearing on Sept. 14, 2026. No ruling found as of Oct. 21, 2026.
The question
Whether the Commodity Exchange Act preempts New York gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
North American Derivatives Exchange, Inc. (Crypto.com's U.S. derivatives exchange) sued New York officials in federal court seeking declaratory and injunctive relief against application of state gambling law to its event contracts, and moved for a preliminary injunction. The case is being handled with the federal government's suit against New York.
Docket timeline
Order resets conferences to Aug. 31, 2026 and notes the Sept. 14, 2026 PI hearing in the related federal case.
Source: dockets.justia.com
Case reassigned to Judge Schofield.
Source: dockets.justia.com
State officials oppose the PI motion.
Source: dockets.justia.com
Preliminary-injunction motion filed.
Source: dockets.justia.com
Accepted as related to United States v. New York (1:26-cv-03404).
Source: dockets.justia.com
Complaint filed.
Source: dockets.justia.com