Novig asked the Eastern District of Missouri court for an injunction while the 8th Circuit Court of Appeals hears an appeal on sports event contract preemption in a Kalshi case from Iowa

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.