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The Block: New York Federal Judge Denies Novig Injunction Application
According to The Block, a New York federal judge has denied Novig’s motion for an injunction, ruling that the company's sports event contracts do not constitute swaps and allowing New York State to enforce its gambling laws against Novig. This report is specific to Novig’s application and related contracts, and should not be construed as a general conclusion applicable to all prediction market products.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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