North American Derivatives Exchange, Inc. (Crypto.com) v. Hanaway
Also captioned North American Derivatives Exchange, Inc., d/b/a OG.com Prediction Markets v. Hanaway
Filed; no ruling8th Cir.Platform v. State
Docket last checked November 8, 2026. Snapshot — not legal advice.
As of November 8, 2026, the legality of prediction markets in Missouri is unresolved — litigation is ongoing with no final ruling yet. Missouri status and cases →
Overview
Crypto.com’s exchange sued Missouri on October 16, 2026, the day the Attorney General’s thirty-day cease-and-desist window closed. It sued as North American Derivatives Exchange, d/b/a OG.com Prediction Markets, the brand it launched for its prediction-market product in February 2026. The defendants are Attorney General Catherine Hanaway and the Missouri Gaming Commission’s executive director and members. Its three counts are express, field and conflict preemption under the Commodity Exchange Act. The complaint says a license is no real option because Missouri’s two untethered mobile sports-wagering licenses have already been awarded, and notes that the letter was addressed to Foris DAX, Inc. rather than to the exchange.
It filed in the Western District; Novig sued the same day in the Eastern District. Missouri sits in the Eighth Circuit, where Kalshi’s Iowa appeal is the first appellate test. (Caption, court, docket, filing date and counts read from the file-stamped complaint.)
Changes
October 2026
New case
Crypto.com’s exchange, now doing business as OG.com Prediction Markets, sued Missouri’s Attorney General and Gaming Commission in the Western District of Missouri the same day, pleading express, field and conflict preemption.
Missouri’s Attorney General sends Crypto.com a thirty-day cease-and-desist letter, addressed to Foris DAX, Inc.
October 16, 2026
Crypto.com’s exchange sues the Attorney General and the Gaming Commission in the Western District of Missouri.
What's next: No motion for preliminary relief has been filed, and the defendants have not yet responded; service is due by January 14, 2027. The case is before Judge Greg Kays and has been placed in the court’s mediation program. Novig’s and Kalshi’s parallel suits are in the Eastern District, where Missouri has moved to consolidate them. The Eighth Circuit’s decision in Kalshi’s Iowa appeal is likely to bear on all three.
Parties
Plaintiffs
North American Derivatives Exchange, Inc. d/b/a OG.com Prediction Markets (Crypto.com’s exchange)
Defendants
Catherine L. Hanaway (Missouri Attorney General)
Michael A. Leara (Executive Director, Missouri Gaming Commission)
Jan M. Zimmerman (Chair) and the members of the Missouri Gaming Commission
This page is informational, not legal advice. Nearly every entry in this tracker is a preliminary ruling under appeal. Always verify a platform's current, location-specific eligibility directly with the venue before relying on this page.