Covers reported that Crypto.com and Novig filed separate federal lawsuits on October 16 after Missouri moved in September against sports event contracts offered to state residents. Missouri’s attorney general has publicly said the named platforms must stop offering those contracts to Missourians unless they obtain a license from the Missouri Gaming Commission, while the reported lawsuits argue federal commodities law puts that authority with the CFTC instead.

What Missouri Ordered the Platforms to Do

Missouri is treating sports event contracts as unlicensed sports wagering under state law. A Missouri Attorney General Office release snippet names six targets: Crypto.com, Novig, Kalshi, Polymarket, Underdog, and Robinhood, and says they must cease offering sports event contracts to Missourians unless they are licensed by the Missouri Gaming Commission.

A supplied snippet from a September 16 letter to Polymarket shows the state’s basic framework in more detail. It says the operator must either cease and desist or obtain a Missouri license, pay associated state taxes and fees, and stop offering sports wagering to people under 21. The supplied record does not establish whether every individual recipient letter used identical wording, but it does show the compliance model Missouri says applies.

What the Reported Lawsuits Would Change

The main legal question is whether Missouri can keep applying its sports-wagering rules if the contracts are under federal commodities oversight. Covers said Crypto.com and Novig sued after the September cease-and-desist action. Traders Union, citing The Block, and Bloomingbit, relaying The Block, said the cases argue that the Commodity Exchange Act gives the Commodity Futures Trading Commission exclusive jurisdiction over the relevant event contracts.

That matters because a successful preemption argument could block Missouri from treating the products like state-regulated sports betting. But in the supplied record, that is still the plaintiffs’ reported position, not a Missouri court ruling. No matching federal complaint, docket number, hearing notice, or injunction order was supplied here.

Bloomingbit also said Novig sued through Ludlow Exchange in the U.S. District Court for the Eastern District of Missouri and sought preliminary and permanent injunctions. If that request is confirmed on a court docket, it would be the clearest sign that the dispute has moved beyond a filing announcement into a live fight over whether Missouri enforcement can be paused while the case proceeds.

Current Status for Missouri Users and Operators

The practical status is contested rather than resolved. Missouri’s side is clear in the supplied official-source snippets: the state says these sports event contracts cannot be offered to Missourians without gaming approval. The companies’ side is clear only at report level: media accounts say they answered with separate federal lawsuits built around CFTC exclusivity.

So the current answer is narrow but useful. Missouri is still asserting the power to block the contracts under state law, and the reported federal challenge has not yet been matched in the supplied record by a court order protecting Crypto.com or Novig from that enforcement position.