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    • FEDERAL PREEMPTION—S.D.N.Y.: NY won’t be blocked from enforcing gambling laws against Novig, court decides
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    Securities Regulation Daily Wrap Up, FEDERAL PREEMPTION—S.D.N.Y.: NY won’t be blocked from enforcing gambling laws against Novig, court decides, (Nov 12, 2026)

    Law Firms Mentioned:Sullivan & Cromwell LLP
    Organizations Mentioned:Ludlow Exchange, LLC d/b/a Novig

    By Rebecca E. Hoffman, J.D.

    The court found that Novig’s sports-related event contracts are not swaps, and calls Novig’s claim that it cannot comply with both federal and state law in this instance “ridiculous.”

    A federal district judge in New York de ...

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