Novig Prediction Review: Is Novig Legit?

Last updated: September 3, 2026 | Last verified: September 3, 2026

Novig

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Restrictions & eligibility requirements apply. Not available in all states. 21+. Trading event contracts involves risk & is not appropriate for all. Consider if it’s appropriate based on your financial circumstances. See novig.com/terms for information. See more...

Novig at a Glance

Try Novig Prediction – Deposit $10, get $25 in Trade Credits →

Restrictions & eligibility requirements apply. Not available in all states. 21+. Trading event contracts involves risk & is not appropriate for all. Consider if it’s appropriate based on your financial circumstances. See novig.com/terms for information.

🎁 Novig Prediction Welcome Bonus & How to Claim

New eligible Novig Prediction users can currently deposit $10 and receive $25 in Trade Credits.

Trade Credits are promotional trading funds that can be used on eligible event contracts. They are not the same as making a cash deposit.

How to sign up and claim

1. Download the Novig Prediction app from the App Store or Google Play, or visit the desktop site.
2. Create your account with email or Google login.
3. Complete identity and location verification.
4. Make a qualifying deposit of at least $10.
5. Receive $25 in Trade Credits after satisfying the promotional requirements.
6. Browse available sports event contracts and begin trading eligible markets.

Restrictions & eligibility requirements apply. Not available in all states. 21+. Trading event contracts involves risk & is not appropriate for all. Consider if it’s appropriate based on your financial circumstances. See novig.com/terms for information.

What Is Novig?

Novig is a peer-to-peer sports prediction market that removes the traditional sportsbook “house” from the equation. Instead of placing a bet against an operator that sets the odds and builds in a margin, you trade sports event contracts against other market participants. Prices are determined by supply and demand on the exchange, so they can move as traders react to new information and changing market conditions.

The company was founded in 2021 by Jacob Fortinsky and Kelechi Ukah and initially launched as a licensed betting exchange in New Jersey and Colorado. In 2024, Novig pivoted to a sweepstakes model using virtual currencies such as Novig Coins and Novig Cash, which helped it expand into more states without relying on conventional sportsbook licenses. That version of the platform has since been replaced by Novig Prediction, which operates through Ludlow Exchange, LLC as a federally regulated prediction market.

Ludlow Exchange received Designated Contract Market status from the CFTC in June 2026, moving Novig away from its former sweepstakes structure and into regulated event-contract trading. That means users now trade real-money sports contracts rather than using the old dual-currency Coins and Cash system.

Novig has raised over $105 million in venture capital, including a $75 million Series B in February 2026 led by Pantera Capital that valued the company at $500 million. Other investors include Y Combinator, Forerunner, Lux Capital, and NFL legend Joe Montana. Both Kalshi and Polymarket reportedly explored acquiring Novig in late 2025, though the company was not actively for sale.

Novig’s core idea has remained consistent even as its regulatory model has changed: sports trading should work more like an exchange than a traditional sportsbook. The difference now is that this model is being offered through a CFTC-regulated prediction-market structure rather than a sweepstakes framework.

How Novig Works: The Peer-to-Peer Exchange Model

If you’ve used a traditional sportsbook, Novig will feel familiar on the surface, though it’s different underneath. You’re still taking positions on games, spreads, totals, props, and other sports outcomes. But the mechanics of how your order gets filled are closer to a financial exchange than to DraftKings or FanDuel Sportsbook.

Novig Prediction operates as a CFTC-regulated event contract market. Instead of placing a conventional wager against the house, you buy and sell sports event contracts at prices determined by activity on the exchange.

Take Orders vs. Make Orders

When you open a market on Novig, you’ll see prices that other traders have posted. Accepting one of those prices is called a Take Order, essentially the equivalent of a market order on a stock exchange. Your trade fills at the best available posted price.

If you don’t like the available price, you can submit a Make Order, setting your own price and waiting for another market participant to match it. This is where Novig gets interesting. Say the market has the Yankees at -140, but you think -120 is a better price. You can post an order at -120, and if another trader accepts the other side, the trade fills. If nobody does, your order remains open until it’s matched, cancelled, or the market closes.

How matching works

Orders on Novig are matched through its exchange, with market participants taking opposite sides of event contracts. The amount of available liquidity can vary by sport, event, and market, so popular games may have deeper order books and tighter pricing than more niche options.

You can view the order book for a market to see how much liquidity is available at different price levels. I found this transparency refreshing. On a sportsbook, you normally see the price being offered but not the depth behind it. On Novig, the order book gives you a clearer idea of whether your order is likely to fill quickly or may need to sit at your chosen price.

🏆 Available Sports & Markets

Novig has expanded significantly since its early days of NFL and NBA only. The current lineup covers most major North American leagues plus international soccer and individual sports:

Novig also offers Combos (also known as same-game parlays), live in-game trading, and NFL/golf futures. Entertainment and esports markets have been referenced in press materials but weren’t prominently available when I last checked the app.

The sports-only focus is both a strength and a limitation. If you want to trade on elections, economics, crypto prices, or cultural events, Kalshi and Polymarket cover those categories. Novig is exclusively sports.

Novig vs. Kalshi vs. Polymarket: How They Compare

These three platforms all let you trade on sports outcomes, but they’re built for different kinds of users. Novig is the sharpest option for bettors who care about getting the best price on a game. Kalshi is the most versatile for anyone who wants sports plus politics, economics, and more. Polymarket offers lower fees than many competitors, with its U.S. iOS app live for eligible users. Android is still coming soon and is not broadly available. Here’s the full breakdown:

Bottom line: If your primary goal is sports trading with the best possible price and zero fees, Novig wins on paper. Pantera’s data claims Novig users get roughly 5% better odds compared to traditional platforms, and 23% of Novig users are profitable versus ~2% at traditional sportsbooks. Those numbers come from an investor presentation, so take them directionally rather than as gospel. The tradeoff is liquidity: on smaller markets, your Make Order might sit unfilled for hours, and the order book can feel thin compared to what you’d find on Kalshi for a comparable event.

*18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading involves high risk and may result in loss of your entire investment. See polymarket.us/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated derivatives exchange and clearing organization.

📱 App & Desktop Experience

Novig launched as mobile-only, but the platform now has both a native app and a desktop website.

Mobile app

The iOS app holds a 4.8/5 rating with over 2,200 reviews on the App Store. The Android version sits at 3.6/5 with about 600 reviews on Google Play. I’ve used the iOS app for several weeks and found it clean and responsive. The app makes it straightforward to browse sports markets, review available prices, place orders and manage open positions.

Desktop

The desktop site launched more recently, and it’s a solid addition if you like to analyze markets in more depth or just prefer using a laptop. You get a wider view of the order book, easier position tracking across multiple markets, and a more trading-platform feel that’s harder to achieve on a phone screen. If you’re the kind of person who has multiple browser tabs open watching lines move, the desktop experience is worth trying.

💰 Novig deposits and withdrawals

Novig Prediction supports direct account funding and withdrawals, with the available options shown in the platform’s cashier. The exact methods, minimums, processing times and fees can vary by payment route, so it is worth checking the current details before confirming a transaction.

For the current welcome offer, new eligible users need to make a qualifying deposit of at least $10 to receive $25 in Trade Credits.

Deposit methods

Withdrawal methods

⚖️ Where Is Novig Legal?

Novig Prediction operates through Ludlow Exchange, LLC, a federally regulated Designated Contract Market overseen by the Commodity Futures Trading Commission. The CFTC granted Ludlow its DCM designation on June 16, 2026.

Novig is currently available across the U.S. except when a user is physically located in:

• Arizona
• Michigan
• Nevada

Eligibility is based on your physical location when you trade rather than simply your state of residence. Novig also requires users to be 21 or older and to complete identity verification before trading.

Restrictions & eligibility requirements apply. Not available in all states. 21+. Trading event contracts involves risk & is not appropriate for all. Consider if it’s appropriate based on your financial circumstances. See novig.com/terms for information.

Novig Is Now a CFTC-Regulated Prediction Market

Novig has completed the regulatory transition that was still pending earlier in 2026. Ludlow Exchange, LLC received its CFTC Designated Contract Market status on June 16, 2026.

That change moved Novig away from its former sweepstakes structure and into federally regulated event-contract trading.

Novig now operates as a federally regulated derivatives market, with users trading contracts whose prices are determined by activity on the exchange rather than fixed sportsbook odds.

Ongoing Promotions & Rewards

Beyond the welcome offer, Novig Prediction has an active rewards program built around Novig Points, monthly tiers, trading challenges, referral rewards and Trade Credits. The exact rewards can change from month to month, so the current app and Rewards section are the best places to see what is live.

🏆 Novig Points: Users can earn Novig Points through eligible trading activity, including parlays, filled Make Orders, daily challenges and monthly challenges. Eligible parlays currently earn 10 points per $1 risked, while filled Make Orders can earn 1 point per $1 of total volume, subject to market limits.

📊 Monthly tiers: Points move users through five monthly levels: Starter, Bronze, Silver, Gold and Obsidian. Higher tiers can unlock rewards such as Trade Credits, deposit matches, custom share slips and a share of the monthly promotional prize pool. Monthly points reset at the start of each month, so tier status is based on current-month activity.

🎯 Trading challenges: Novig runs rotating challenges tied to particular sports and market types. Current examples include First Basket markets in basketball, outright golf markets, soccer player-to-score markets, live moneylines and other sport-specific tasks. These typically award points at different checkpoints as you complete qualifying trades.

👥 Give $25, Get $25 referrals: Eligible existing users can earn a $25 Referral Credit when a qualifying friend signs up through their referral link and deposits at least $10. The referred user receives $25 in Trade Credits under the new-member offer. To refer others, you must have completed at least five trades, risked at least $50 across those trades and deposited at least $10. Referral rewards are currently limited to five qualifying referrals.

What We Like & What We Don’t

✅ What works

• Make Orders give you control. You can set your own price and wait for another trader to match it rather than simply accepting the current market price.
• CFTC-regulated prediction market. Novig operates through Ludlow Exchange, LLC as a federally regulated DCM.
• $25 Trade Credit welcome offer. Eligible new users can receive $25 in Trade Credits after depositing at least $10.
• Order book transparency. You can see available liquidity at different price levels before placing an order.
• Sports-focused market selection. Novig concentrates on sports event contracts rather than spreading its coverage across unrelated categories.

❌ What doesn’t

• Liquidity can vary. Less active markets may have wider spreads or orders that take longer to fill.
• Not available everywhere. Novig is currently restricted in Arizona, Michigan and Nevada.
• 21+ only. Some competing prediction markets have lower minimum-age requirements.
• Sports only. If you want politics, economics, crypto or cultural markets, other prediction platforms offer broader coverage.
• Trading carries financial risk. Event contracts can lose value or settle at zero.

📰 Recent Novig News & Timeline

The prediction market space is moving fast. Here are the most significant Novig developments, with links to InGame‘s broader coverage where relevant. InGame covers prediction markets extensively across our news section. 

June 16, 2026: Ludlow Exchange, LLC receives Designated Contract Market status from the CFTC, completing the regulatory step required for Novig’s transition to a federally regulated prediction-market model.

Apr. 10, 2026: LIV Golf and Novig announce a partnership, making Novig the first prediction platform to activate at a live professional golf event. Novig branding appears on the sleeves of seven LIV players, including Jon Rahm, Dustin Johnson, and Cameron Smith, during the first 2026 major.

Feb. 18, 2026: Novig closes a $75 million Series B led by Pantera Capital, valuing the company at $500 million. Total capital raised exceeds $105 million. The company announces annualized trading volume exceeding $4 billion and a team of 50+ employees.

Jan. 26, 2026: Novig files a Designated Contract Market (DCM) application with the CFTC under the entity name Ludlow Exchange LLC. Co-founders Fortinsky and Ukah are listed as directors. The application signals Novig’s intent to transition from sweepstakes to a federally regulated exchange.

Dec. 2025: Novig faces criticism after a delayed voided-bet incident, eventually paying out the affected bets and publicly acknowledging the error.

Aug. 2025: Novig raises $18 million in Series A funding led by Forerunner. Shortly after, the platform exits New Jersey following the state’s sweepstakes ban and exits Arizona after regulatory action.

Sep. 2024: Novig launches nationally in 42 states under the sweepstakes model after pivoting from its original licensed-exchange structure.

2021: Novig founded by Jacob Fortinsky and Kelechi Ukah. Originally launches as a licensed betting exchange in New Jersey and Colorado.

🛡️ Responsible Trading

Trading sports event contracts involves financial risk, and contracts can lose value or settle at zero. Novig provides responsible-trading tools designed to help users manage how much money and time they commit to the platform.

Novig offers daily, weekly and monthly deposit limits and trading limits, along with time-out periods and self-exclusion options through its responsible-trading tools. The app also provides balance and activity information to help you monitor your trading.

Novig Review FAQ

Can you actually win real money on Novig?

Yes, eligible users trade real-money sports event contracts on Novig Prediction. Profits and losses depend on the prices at which you enter and exit positions and how contracts ultimately settle. Trading carries risk, and losses are possible.

How is Novig different from Kalshi?

Both Novig Prediction and Kalshi operate within the federally regulated prediction-market sector. Novig is primarily sports-focused, while Kalshi offers a broader range of event-contract categories. Their fees, interfaces, market selection and liquidity can also differ.

Does Novig require a promo code?

The current Novig offer is Deposit $10, get $25 in Trade Credits. Follow the qualifying promotional route and current terms when registering.

Is Novig regulated by the CFTC?

Yes. Novig Prediction operates through Ludlow Exchange, LLC, which the CFTC designated as a contract market on June 16, 2026.

Related InGame Coverage

• Best prediction market sites for sports betting in 2026
• Kalshi Review: How It Works, Fees, Legal Status, and More
• Polymarket Review: Is It Legal, How It Works, and What You Can Trade
• Prediction Market vs. Sportsbook: What’s the Difference?
• Peer-to-Peer Sports Betting: How Does It Work?
• U.S. Prediction Markets: A Modern Timeline
• States Rights vs. Federalism: Can Prediction Markets Be Kept at Bay?
• Kalshi vs. Polymarket: Which Prediction Market Is Better?
• Investment and New Players Pour Into Prediction Markets

Try Novig Prediction – Deposit $10, get $25 in Trade Credits 

Restrictions & eligibility requirements apply. Not available in all states. 21+. Trading event contracts involves risk & is not appropriate for all. Consider if it’s appropriate based on your financial circumstances. See novig.com/terms for information.