Novig Just Opened for Business in Texas. No One in the State Can Turn It Off

Novig Opens Texas Trading On An Exchange It Owns

Novig went live Aug. 4 in every state except Arizona, Michigan and Nevada, Texas included. Ludlow Exchange LLC, which Novig owns, won CFTC designation as a contract market on June 16. No Texas agency licenses Ludlow Exchange, reviews the contracts it lists or can switch it off. Texas Penal Code Section 47.02 makes a bet … Read more