Novig legal states: where Novig is offered, and a tracker of the cases its operator filed

As of October 25, 2026, Novig’s Eligibility & Legality article says Novig is available nationwide with the exception of Nevada, Arizona and Michigan, and that eligibility rests on your physical location at the time you trade. By that rule, the state that counts is the one you are in when you place the trade.

Novig’s minimum age: 21 under the Ludlow Member Agreement

The Ludlow Member Agreement (v1.1) requires an individual member to be at least 21 years old.

Where it is offered

Nationwide except Nevada, Arizona and Michigan, by your physical location when you trade

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Minimum age

21, for individual members

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The Commodity Futures Trading Commission approved Ludlow Exchange, LLC, doing business as Novig, as a designated contract market (Order of Designation). The order’s text carries no date; June 16, 2026 is the date stamped in the order’s CFTC file name and the date press coverage gives for the approval.

The CFTC order: no FCM, and a full-collateral representation

The order approves the designation on three conditions. Condition 3 says Ludlow may not permit any futures commission merchant to intermediate transactions or carry customer accounts unless the order of designation has been amended. Separately, Ludlow represented that every contract is cleared fully collateralized by a derivatives clearing organization, and condition 1 requires it to comply with its representations. The order does not name that clearing organization.

Bitnomial Clearinghouse, named in Novig’s Help Center

Novig’s clearing acknowledgement tells members they become Clearing Members of Bitnomial Clearinghouse, LLC. That name comes from Novig’s Help Center, not from the CFTC order.

The designation is a licensing fact, not a tax ruling. Of the people we’ve seen file Novig trades, most use one of three routes: standard capital, Section 1256 or gambling. Novig taxes sets out how each works and what is cited for and against it.

Operator

Ludlow Exchange, LLC, doing business as Novig

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CFTC status

Designated contract market since June 16, 2026

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CFTC order conditions

Condition 3 bars Ludlow from permitting any futures commission merchant to intermediate transactions or carry customer accounts unless the order is amended. Ludlow also represented that every contract is cleared fully collateralized by a derivatives clearing organization, and condition 1 requires it to comply with its representations. The order does not name Bitnomial

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Clearing

Members become Clearing Members of Bitnomial Clearinghouse, LLC

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Novig’s historical data article says it operated under a sweepstakes model before August 4, 2026. Trading and payments data from before that date is emailed on request: in the app, Profile, Settings (the gear), Account Preferences, Request Historical Data. A deposit or withdrawal made after August 4, 2026 needs a request to support instead.

The same date opens the case list below: Ludlow filed its New York case, Ludlow Exchange, LLC v. James, on August 4, 2026.

One 2026 Novig year, two sources of trading data

A trader active on both sides of August 4, 2026 has 2026 activity in two places: the emailed pre-August data and the exchange history after it. Both belong to the same tax year, and Novig taxes covers what Novig says about its tax forms for each.

Before August 4, 2026

A sweepstakes model; earlier trading and payments data is emailed on request

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Pre-August history

Profile, Settings (gear), Account Preferences, Request Historical Data; the data is emailed. A deposit or withdrawal made after August 4, 2026 needs a request to support

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Who sued whom: Ludlow Exchange is the plaintiff in each case

Each caption reads Ludlow Exchange, LLC against a named defendant, and each case names Ludlow as the plaintiff. These are cases Novig’s operator brought, so their count is not a count of states acting against Novig.

The newest case: Ludlow Exchange, LLC v. Hanaway, E.D. Mo.

Ludlow filed Ludlow Exchange, LLC v. Hanaway on October 16, 2026 (No. 4:26-cv-01780), before Judge Collins. As of October 25, 2026, summonses were issued on October 19 and returned executed on October 23; the docket shows no motion for a preliminary injunction or restraining order, and we found no ruling.

Missouri: the attorney general’s letter of September 17, 2026

The letter to Ludlow Exchange, LLC says Novig must either cease offering sports wagering to people in Missouri or obtain a Missouri Gaming Commission license and pay the associated taxes and fees, and asks Novig to confirm within thirty days. Ludlow filed Ludlow Exchange, LLC v. Hanaway, naming the attorney general, on October 16, 2026.

Ohio: the Casino Control Commission’s letter of October 2, 2026

The commission’s letter, signed by Interim Executive Director Andromeda Morrison and addressed to Novig Betting, Inc. and Ludlow Exchange, LLC, demands that Novig stop offering sports event contracts to people in Ohio and notify the commission in writing within fourteen days. It cites the Sixth Circuit’s September 25, 2026 decision in KalshiEx LLC v. Schuler. We found no case by Ludlow in Ohio on CourtListener, and Novig’s eligibility article, read October 25, 2026, does not list Ohio among its excluded states.

Missouri cease-and-desist

A September 17, 2026 letter from Attorney General Catherine Hanaway to Ludlow Exchange, LLC: cease offering sports wagering to people in Missouri or obtain a Missouri Gaming Commission license, and confirm within thirty days

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Ohio cease-and-desist

An October 2, 2026 letter from the Ohio Casino Control Commission, signed by Interim Executive Director Andromeda Morrison, to Novig Betting, Inc. and Ludlow Exchange, LLC: cease offering sports event contracts in Ohio and confirm in writing within fourteen days

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For a Novig year, each route starts from the same fills, and Novig taxes runs one worked year through all three. For comparison, the state-by-state guides for Kalshi and Polymarket date the court orders and state actions in those venues’ cases.