A federal judge denied Novig preliminary protection against New York gambling laws on Nov. 10. The court said the state rules could apply even if Novig’s sports contracts qualify as federal swaps. The order leaves the company’s federal exchange designation intact and addresses only interim relief. Novig filed a notice of appeal with the U.S. Court of Appeals for the Second Circuit the same day, challenging the denial of its preliminary-injunction request. The dispute remains limited to the preliminary stage and does not include a nationwide ban, shutdown directive or final merits judgment.
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