By The Weekly Edge desk ·
EGR North America reported that River Markets secured $8.5m in seed investment four months after its formation. Representatives from Coinbase and Novig participated in the funding for the execution and portfolio management supplier.
The seed financing funds a recently formed prediction market infrastructure supplier.
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Linked through shared companies, regulators and people, or one step further through the graph.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.
The filed rules would add a uniform minimum age and further trading protections at Ludlow Exchange.
The framework brings responsible-trading requirements into Novig’s exchange operations.
The lawsuits place Novig’s new prediction market platform in disputes with four states.