A New York federal judge denied sports prediction market platform Novig's request for a preliminary injunction, clearing the way for state regulators to enforce gaming and sports betting laws against its services. The court ruled that Novig's event contracts do not qualify as "swaps" under the Commodity Exchange Act, rejecting the company's argument that federal commodity law preempts state jurisdiction. Gaming attorney Daniel Wallach noted on X that state regulators may now shift from defending their enforcement authority in federal court to actively pursuing cases in state courts, potentially marking a new phase in sports prediction market litigation.