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Novig Applies for Federal Prediction Market Approval
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Novig Applies for Federal Prediction Market Approval
Novig has applied for Commodity Futures Trading Commission (CFTC) registration as a prediction market exchange operator, according to government filings dated Jan. 21. It would do business as Ludlow Exchange LLC, with Novig co-founders Jacob Fortinsky and Kelechi Ukah listed as directors. The federally governed exchange model, brought to the forefront by Kalshi, has emerged […]
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