Novig prediction markets review 2026: Is it legit?
Chris Jonat
Updated
Novig lets you trade sports contracts directly with other users instead of against the house, and it backs that up with a deposit $10, get $50 welcome bonus. Below, we break down how it works and what to know before you sign up.
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Quick facts: Novig review
Category | Details |
|---|---|
🏛️ Founded / parent company | Piloted in Colorado in late 2023, launched nationwide as a sweepstakes platform in 2024, relaunched as a CFTC-regulated exchange in August 2026. Exchange operated by Ludlow Exchange, LLC |
📍 Headquarters | New York |
🤝 Regulator / licensing | CFTC (Designated Contract Market, Ludlow Exchange, LLC) |
🌐 Platform type | Peer-to-peer sports prediction exchange (order-book, make/take pricing) |
🎁 Welcome bonus | Deposit $10, get $50 in Trade Credits |
⌨️ Promo code | CORG |
💲 Minimum first deposit | $10 |
💰 Minimum withdrawal | $10 |
💸 Trading fees | None on pre-game trades and maker fills; small taker fee on live in-game trades and parlays |
💳 Deposit methods | Bank transfer (Aeropay, Trustly), debit card, credit card, Apple Pay, stablecoins (USDC, USDT) |
🏧 Withdrawal methods | Bank transfer, debit card, Venmo |
⏱ Payout speed | Most withdrawals within minutes; manual reviews up to 24 hours |
📱 Mobile app availability | iOS and Android |
⚽ Live/in-event trading | Yes |
👍 Legal age | 21+ |
🧑💻 Customer support channels | Email, phone, social channels |
My take on Novig
Chris Jonat, Content Manager
"Novig's pitch is simple: no house margin, no bet limits, and you can post your own price instead of accepting whatever the book gives you. It's a genuinely different cost structure than a legacy sportsbook and operates like any of the prediction markets we've already seen and reviewed, but it only pays off if there's someone on the other side of your trade.”
Pros
- No fees on pre-game trades or maker fills, and no built-in juice like at sportsbooks
- Markets available on all top US leagues (NFL, MLB, NBA, NHL)
- You can act as a price-maker and set your own odds instead of only accepting a house line
- Federally regulated by the CFTC, with real-money trading in US dollars
Cons
- Liquidity is uneven on thin order books on niche props or smaller leagues
- Ohio, Connecticut and Missouri are challenging its right to offer sports contracts
What is Novig?
Novig is a peer-to-peer sports exchange where, instead of betting against a bookmaker's line, you trade contracts directly with other users, and prices move based on what traders are willing to offer and accept rather than a fixed house margin, exactly like ProphetX's prediction app. You can take the best available price on a market or post your own (“make”) and wait for another user to match it. This is closer in spirit to a limit order book than a traditional bet slip, even though the app's interface looks and feels like a standard sportsbook.
Novig welcome bonus
New users can claim a deposit $10, get $50 welcome bonus with our exclusive Novig promo code CORG. Sign up, enter CORG during registration, complete verification, and deposit at least $10. Your $50 arrives as ten $5 Trade Credits, and you can use one credit per trade.Credits work on contracts priced between $0.01 and $0.60 and expire 30 days after they're issued. You can't withdraw the credits themselves, but any winnings from trades you make with them are yours to withdraw.You must be 21 or older and located in an eligible state. For the full terms and a step-by-step claim guide, see our full Novig promo code page.
Ten credits, ten chances to learn
"Spreading ten $5 credits across different contracts is a good way to get a feel for the order book before you put more of your own money in. Just remember the $0.60 price cap, which rules out heavy favorites."
Content Manager
ExclusiveDeposit $10, Get $50 in Trade Credits
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Code checked 12 hours ago.
1661users have claimed this bonus in the past24 hours
Is Novig legal in the US?
Yes. Novig is a federally regulated prediction market. Its exchange, Ludlow Exchange, LLC, was approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) on June 16, 2026, and Novig launched its CFTC-regulated platform nationwide on August 4, 2026.That launch replaced the old sweepstakes model. Novig Coins and Novig Cash are gone; you now deposit, trade and withdraw in US dollars, and trading is still peer-to-peer on an order book. In August, Novig also wrote a responsible-trading framework into its CFTC rulebook, including a 21+ age requirement.
State availability and restrictions
Novig is available to traders 21 and older in 47 states and Washington, DC. You can't sign up in Arizona, Michigan, or Nevada.The bigger question is state pushback. Ohio, Connecticut and Missouri have issued cease-and-desist orders against Novig, and Novig has sued New York, Massachusetts, Washington, New Mexico, Wisconsin and Missouri, arguing federal law preempts state gambling rules. Availability can change quickly, so confirm access through the app's geolocation check before you sign up.This is a different legal path from traditional sports betting, which needs a gaming license in each state and is legal in roughly 30-plus states. As a CFTC-regulated exchange, Novig operates under federal commodities oversight instead. That's why it reaches far more states, and why some states are contesting it.A legit platform
In terms of legitimacy, Novig operates under a public CFTC rulebook, discloses its fees, and has built a visible brand through sports partnerships, including LIV Golf and the New York Mets, and senior regulatory hires.It isn't a state-licensed sportsbook, and several states dispute its right to operate. Novig also left New Jersey in August 2025, when the state banned dual-currency sweepstakes platforms. But it's federally regulated, well-funded, and transparent about how it works, much like Polymarket. You can compare the two in our Polymarket review.Regulatory timeline
Novig has gone from a Colorado pilot to a federally regulated exchange in under three years. Below is Novig's regulatory timeline.
Oct 2026
State legal fight
- Novig sues Missouri after the attorney general's cease-and-desist. It has also sued New York, Massachusetts, Washington, New Mexico and Wisconsin.
Aug 2026
CFTC platform launch
- Novig launches its CFTC-regulated platform nationwide on August 4, replacing its sweepstakes model.
June 2026
CFTC DCM status approved
- The CFTC approves Ludlow Exchange, LLC as a Designated Contract Market on June 16.
Jan 2026
CFTC DCM status application filed
- Ludlow Exchange, LLC files for CFTC Designated Contract Market status.
Sept 2024
Sweepstakes launch
- Novig launches nationwide under a sweepstakes structure.
Dec 2023
The pilot project
- A more traditional exchange/sportsbook model is rolled out for testing.
Federal footing, state fights
"CFTC approval gives Novig a federal footing that sweepstakes law never could. The open question now is the states and how the fights with Ohio, Connecticut, Missouri, and others play out."
Content Manager
Novig key features
Two things separate Novig from a typical sportsbook app, putting it in good company with other sports prediction market apps. First, the no-vig, peer-to-peer pricing model. Because trades are matched between users rather than against a house line, there's no built-in margin baked into the odds the way there is with a standard -110 sportsbook line. Second, Novig doesn't limit or close accounts for users who win, which is a real point of friction at many traditional books, where sharp or consistently winning bettors often get restricted.
Novig's trading contracts are similar to a sportsbook's. You'll find moneylines, spreads, totals (over/under), player and team props, futures (only on major leagues/competitions), and live/in-play trading. Popular, high-traffic matchups tend to have tighter pricing and deeper liquidity than niche props or smaller leagues, where Novig itself sometimes steps in as a market maker to keep markets moving.
Markets offered
Novig is sports-focused rather than a broad-based prediction market, making it different than other platforms like Crypto.com, which offers contracts on everything from entertainment to climate to politics. But for sports traders, you'll have all the big leagues, college, and pretty much everything in between on Novig.Sport | Leagues |
|---|---|
Football | NFL, college football (NCAAF) |
Basketball | NBA, WNBA, college basketball (NCAAB, NCAAW) |
Baseball | MLB |
Hockey | NHL |
Soccer | MLS, Premier League, Bundesliga, Serie A, La Liga, Ligue 1, Champions League, Europa League |
Tennis | ATP, WTA |
Golf | PGA, LIV Golf |
Combat sports | UFC, boxing |
Fees and trading costs
Novig doesn't charge a fee on pre-game trades or on maker fills, the orders you post for someone else to match. That's the core of its no-vig positioning. Live in-game trades and parlays do carry a small taker fee, but through Novig's Maker Credit Program, traders who post orders can earn back 50% of the taker fee on qualifying live-market fills.On the banking side, bank transfers and stablecoin deposits are free, while cards and Apple Pay carry a 3% deposit fee. Novig doesn't charge for withdrawals, though your bank or payment provider might.Fees can change, so check Novig's in-app help center before you trade. ProphetX is a comparable app that also lists its fees clearly; see our ProphetX review to compare the two.How Novig compares
Between prediction market bonuses and availability, there's a lot to consider when finding the right platform. Below, we compare Novig to other prediction apps to see how it stacks up.
Platform | Promo code | Welcome offer | Min deposit | Availability snapshot |
|---|---|---|---|---|
Novig | CORG | $50 in trade credits | $10 | Available in 47 states + DC; AZ, MI, NV excluded |
CORG | $25 trading bonus | $10 | Available in 49 states + DC; NV excluded | |
CORG | $40 trading bonus | $10 ($40 in trades to qualify) | Available in 49 states + DC; NV excluded | |
Sign up with our exclusive link | Trade $25, get a $50 welcome bonus | $10 ($25 trade to qualify) | Available in 48 states + DC; AZ and NY excluded | |
Sign up with our exclusive link | Up to $50 bonus | $10 | Available in 48 states + DC; AZ and NY excluded |
Novig deposits and withdrawals
Since relaunching as a CFTC-regulated exchange in August 2026, Novig works like a standard real-money trading account. You deposit US dollars, trade with them and withdraw your balance. The old Novig Coin packages are gone, and there's no playthrough on deposited funds.
- Funding methods: Bank transfer (Aeropay, Trustly), debit and credit cards, Apple Pay, stablecoins (USDC, USDT)
- Withdrawal methods: Bank transfer, debit card, Venmo
- Minimums: $10 for deposits and withdrawals
- Processing time: Most withdrawals within minutes; manual compliance reviews take up to 24 hours (24–48 hours at busy times)
Bank transfer is the cheapest route
"Bank transfer is the one method that's free and works in both directions. You skip the 3% card fee, and your money goes out the same way it came in."
Content Manager
Novig mobile app
Mobile is clearly Novig's priority. The web version is functional, but the app is where the actual product experience lives, which is the same with most prediction apps like OG.com (another sports-focused trading product).
iOS app
The iOS app is the stronger of the two, with an overall rating of 4.6/5 from 7,700+ reviews. Reviewers frequently point to fast performance and quick withdrawals as standouts. Several users mention being surprised by how quickly winnings actually hit their bank account after a cash-out request.Android app
The Android app covers the same core features but trails iOS in user sentiment, with ratings falling slightly to 4.3/5 on Google Play from 1,900+ reviews. While feedback is a little more mixed, its rating has risen significantly in recent months. In the summer months, it held a rating below three stars.App design
Novig's interface deliberately looks like a standard sportsbook bet slip. You'll still see familiar odds like +110, but it's really a wrapper around an exchange order slip. A few details give away the underlying model: a Take/Make toggle lets you accept the current price or set your own, a “Portfolio” tab replaces the usual “Open Bets” section to show your live contracts, and order-book-style depth and liquidity views are available at different price levels.The Novig platform also offers a browser-based trading site, though it's noticeably more utilitarian than the mobile apps and feels like a stretched-out version of the same experience.Recent app improvements
The biggest recent change is the move to a US-dollar wallet after Novig's August 2026 CFTC relaunch. Withdrawals now go out by bank transfer, debit card or Venmo, and most are processed within minutes.Novig security and licensing
Novig is regulated by the CFTC through its exchange, Ludlow Exchange, LLC, which was approved as a Designated Contract Market on June 16, 2026. That puts it under federal market-integrity rules, anti-manipulation safeguards and consumer protection requirements, and its CFTC rulebook includes a full responsible-trading framework.On the account side, Novig requires identity verification, including your phone number, address and the last four digits of your Social Security number, before you can deposit, trade or withdraw. It offers two-factor authentication via SMS or an authenticator app, and uses geolocation to confirm you're in an eligible state before you trade.
Strong security, now under the CFTC
"KYC and 2FA are table stakes at this point. Now that Novig is under CFTC oversight, custody and segregation of customer funds are the details worth watching."
Content Manager
Responsible trading on Novig
Novig wrote a responsible-trading framework into its CFTC rulebook in August 2026. In your account settings, you can set deposit limits, set loss and exposure limits, turn on reminders showing how long you've been trading, take a cooling-off break, or self-exclude for a set period or indefinitely.Novig customer service
Support channels include email and phone, along with an active Discord community and presence on X, Instagram, and LinkedIn. An in-app help center covers account setup, deposits and withdrawals, trading rules and general platform FAQs. There's no live chat yet.In hands-on testing, email and phone responses came back quickly with helpful, specific answers to my questions rather than generic scripts.
- Email: support@novig.com
- Phone: 1-917-310-4992
- Help center
- Socials: X, Discord, Instagram, LinkedIn
Novig in the news
Novig has been in the headlines all year, from its CFTC approval and nationwide relaunch to its legal fights with several states.
Oct 16, 2026
Novig sues Missouri
- Novig sues Missouri after the attorney general's cease-and-desist. It has previously sued New York, Massachusetts, Washington, New Mexico and Wisconsin.
Aug 12, 2026
Novig codifies 21+
- Novig writes responsible-trading rules, including a 21+ age requirement, into its CFTC rulebook.
Aug 4, 2026
CFTC platform launch
- Novig launches its CFTC-regulated platform nationwide, replacing its sweepstakes model.
Sep 9, 2026
Sydney Sweeney stars in Novig ad
- Actress Sydney Sweeney drew controversy after starring in the Novig ad. She was criticized for appearing nearly nude throughout the commercial.
June 2026
New hire
- Novig hires a former CFTC attorney as chief regulatory and legal affairs officer.
April 2026
LIV Golf partnership
- Novig enters into a partnership with LIV Golf.
Feb 2026
Capital raised
- The company raises $75 million to fund its CFTC registration push and platform expansion.
Aug 2025
Garden State exit
- The platform leaves New Jersey following new legislation restricting dual-currency sweepstakes platforms.
Aug 2025
Series A closing
- Novig closes an $18 million Series A round led by Forerunner Capital.
Our verdict
Novig delivers on its core promise of no-vig pricing, with no fees on pre-game trades or maker fills. That advantage is most reliable in high-liquidity markets like major NFL and NBA games, and it thins out fast on niche props and smaller leagues. Now that it runs as a CFTC-regulated exchange in US dollars, backed by real funding and a public rulebook, Novig is a legitimate operator with the pieces in place to compete with apps like Polymarket. The main thing to watch is the states challenging its right to offer sports contracts.
Overall rating: 4.1/5 ⭐️⭐️⭐️⭐️
Novig FAQs
What is the legal age to use Novig?
How does Novig's no-vig model actually work?
What states is Novig available in?
How do I withdraw money from Novig?
Is Novig the same as sports betting?
Content Manager
Chris has been working in iGaming for 15 years. He has previously worked on online casinos, sportsbooks, iPoker, and the crypto industry, all of which help inform his expert coverage of the emerging prediction markets scene. We may earn a small commission from some links, but Chris's trustworthy insights are always impartial, helping you make the best decision.
Chief Gaming Officer at Casino.org
As a fact-checker, and our Chief Gaming Officer, Alex Korsager verifies all prediction market details on this page. He manually compares our pages with the prediction app, and if anything is unclear, he contacts the operator. In short, Alex ensures you can make an informed and accurate decision.
