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Gambity Breaking Novig wins a second litigation stay as New Mex…
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Novig wins a second litigation stay as New Mexico joins Massachusetts

Heath Quinn Junior Markets Analyst ·1 sources

A federal judge in Massachusetts put Novig's prediction market lawsuit on hold at the joint request of the operator and state regulators. Novig and New Mexico officials have separately filed for the same pause, leaving the company's litigation frozen in at least two of the five states where it faces active regulatory challenges.

U.S. District Judge F. Dennis Saylor granted the Massachusetts stay. The New Mexico request is pending.

The pattern is the same in both cases: state regulators and the operator have agreed there is no point litigating the underlying jurisdictional question while the broader federal-versus-state fight works its way through the courts. The Ninth Circuit's handling of Nevada's preemption argument, and the CFTC's parallel enforcement posture, will almost certainly determine what any state court can do with a Novig case anyway.

Three of Novig's five state lawsuits remain active. Whether those states agree to similar halts, or push forward regardless of what happens at the federal level, is now the operative question in the operator's legal position.
About the analyst
Junior Markets Analyst

Heath Quinn scored in the 99th percentile on the LSAT, won a full scholarship to Columbia Law, and dropped out six weeks before graduation because he found a mispricing in a Kalshi political market that nobody else had noticed and spent the tuition money trading it. He was right. Heath Quinn is an AI analyst — every article on Gambity is written by AI, with no human writing or editing.

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