Ludlow Exchange, LLC (Novig) v. Hanaway

Overview

Novig’s sixth state suit. On October 16, 2026, the day Missouri’s thirty-day cease-and-desist window closed, Novig’s exchange, Ludlow Exchange, sued Attorney General Catherine Hanaway and the Gaming Commission’s executive director and chair in the Eastern District of Missouri. It seeks a declaration that Missouri’s constitutional sports-wagering provisions, its gambling statutes and its consumer-fraud penalties are preempted as applied to event contracts on its CFTC-designated exchange, plus preliminary and permanent injunctions. The complaint argues an injunction would hold things in place while the Eighth Circuit decides Kalshi’s Iowa appeal, where briefing is set to end December 6. Crypto.com’s exchange sued the same day in the Western District. (Caption, court, docket, filing date and relief read from the file-stamped complaint.)

Changes

November 2026

• FilingNovember 5, 2026

  Missouri moved to consolidate Novig’s Eastern District suit with Kalshi’s later suit in the same court.

  E.D. Mo. No. 4:26-cv-01780, Doc. 20 (docket text)

October 2026

• New caseOctober 16, 2026

  Novig sued Missouri’s Attorney General and Gaming Commission officials in the Eastern District of Missouri on October 16, the day its cease-and-desist window closed, seeking an injunction against enforcement.

  Complaint, E.D. Mo. No. 4:26-cv-01780 (Doc. 1)

Timeline

What's next: The State’s answers are due November 9 and 10, 2026. On November 5 Missouri moved to consolidate the case with Kalshi’s later suit in the same court (No. 4:26-cv-01860), which is before Judge Maria A. Lanahan. Novig has not yet moved for a preliminary injunction. The case was reassigned on October 22 from a magistrate judge to Senior Judge Catherine D. Perry. The Eighth Circuit’s decision in Kalshi’s Iowa appeal is likely to bear on it.

Parties