By The Weekly Edge desk ·
PlayUSA reported that Novig submitted responsible-trading rules for Ludlow Exchange to CFTC on 12 August. The framework sets a minimum age of 21, adds risk disclosures and restricts marketing; it takes effect no earlier than the tenth business day after filing.
The filed rules would add a uniform minimum age and further trading protections at Ludlow Exchange.
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The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The action addresses manipulation of a contract linked to Santos’s own conduct.
The settlement resolves an investigation into an alleged event-contract trade involving Santos’ own attendance.
The penalty addresses misleading public statements linked to event contract trading.