Operator v. state
Ludlow Exchange, LLC v. Hanaway
U.S. District Court for the Eastern District of Missouri, 4:26-cv-01780
Pending
Complaint filed Oct. 16, 2026; no ruling found as of Oct. 21, 2026.
The question
Whether the Commodity Exchange Act preempts Missouri gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
Ludlow Exchange, LLC d/b/a Novig sued Missouri officials in federal court seeking declaratory and injunctive relief against application of state gambling law to its event contracts. It followed Missouri Attorney General cease-and-desist letters sent to six operators on Sept. 16, 2026 and Sept. 17, 2026 (per DeFi Rate).
Docket timeline
Complaint filed.
Source: defirate.com