Novig is a US sports prediction market designed to provide an alternative to conventional sportsbook wagering.

Unlike a traditional sportsbook, which generally sets its own odds and acts as the counterparty to customer wagers, Novig operates a peer-to-peer exchange where participants trade sports event contracts against one another.

The platform is operated by Ludlow Exchange, LLC, doing business as Novig.

On June 16, 2026, Ludlow Exchange received its designation as a contract market from the Commodity Futures Trading Commission.

Novig subsequently launched its federally regulated sports prediction market on August 4, 2026, replacing its previous social sweepstakes gaming model.

The transition fundamentally changed the platform’s legal structure, account balances, and trading experience.

Novig now operates using real-money USD accounts and federally regulated event contracts rather than the Novig Coins and Novig Cash currencies associated with its former sweepstakes offering.

Its sports-focused exchange allows eligible customers to trade contracts covering major sporting events, including football, basketball, baseball, hockey, golf, tennis, and mixed martial arts.

One of Novig’s biggest advantages is its pricing structure. Standard pregame straight trades are currently free of trading fees, while users can place their own orders or accept prices offered by other participants.

The platform also supports live trading, parlays, and selected futures markets.

However, Novig remains a sports-only prediction exchange. Customers seeking contracts covering politics, economic indicators, cryptocurrency prices, or entertainment events will need to consider other platforms.

Official website:  ⁠Novig

Novig’s regulated launch and transition from sweepstakes gaming are confirmed in its official announcements and Help Center.  

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Availability and Restrictions

Novig operates primarily in the United States under federal commodities regulation.

Its geographic availability differs from conventional state-licensed sportsbooks.

United States Availability

According to Novig’s official eligibility documentation, the platform is available in 46 states and Washington, DC.

The four excluded states are:

• Arizona
• Michigan
• Nevada
• California

Customers physically located in these states cannot open new trades.

Novig determines eligibility using the customer’s physical location at the time of trading rather than simply relying on their residential address.

Age Requirements

Minimum Age: 21

All customers must be at least 21 years old to participate.

Identity Verification

Novig requires customers to complete identity verification before trading.

The process may include:

• Full legal name
• Date of birth
• Residential address
• Last four digits of a Social Security number
• Government-issued identification
• Additional compliance documentation

Location Verification

The Novig application checks the user’s location to confirm eligibility.

Location permissions must be enabled when accessing trading functionality.

Traveling Between States

A customer who normally resides in an eligible state may be unable to trade while physically located in Arizona, Michigan, or Nevada.

Existing positions can still settle, but restrictions apply to new orders and certain account activities.

Regulatory Considerations

Novig’s federal designation provides a different regulatory framework from state-licensed sports betting.

However, federal designation does not eliminate every possible state-level legal dispute. Several states have challenged sports event contracts offered by federally regulated prediction exchanges.

Users should verify current availability before opening an account.

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Bonuses and Promotions

Novig may offer welcome bonuses, promotional trade credits, referral rewards, and loyalty incentives to eligible customers.

Welcome Bonus

Eligible new users may receive promotional trade credits after completing registration, identity verification, and a qualifying deposit.

The exact reward depends on the current offer.

Trade credits are promotional funds rather than unrestricted withdrawable cash.

Referral Promotions

Novig may offer rewards to customers who refer eligible new users.

Referral bonuses are subject to the applicable promotional terms.

Trade Credits

Promotional trade credits can be used toward eligible event-contract purchases.

Restrictions may apply to contract prices, qualifying markets, expiration dates, and withdrawals.

Novig Points

Novig operates a loyalty-style points program.

Eligible trading activity can generate points that determine a customer’s reward tier.

Points cannot be directly withdrawn, transferred, or redeemed as cash.

Promotional Conditions

Users should review eligibility requirements, expiration dates, and reward restrictions before claiming an offer.

Evergreen bonus text for your website:

Explore welcome trade credits, referral bonuses, and exclusive rewards.

Novig publishes its promotional and points-program rules through its official Help Center.  

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Sports & Markets Available

Novig specializes in sports prediction markets.

Unlike broader prediction exchanges, its primary focus is sporting events and athlete performance.

Football

Football markets can include:

• NFL
• College football
• Game winners
• Point spreads
• Game totals
• Player passing yards
• Rushing yards
• Receiving yards
• Touchdowns
• Championship futures

Basketball

Basketball markets can include:

• NBA
• WNBA
• Men’s college basketball
• Women’s college basketball
• Game winners
• Point spreads
• Game totals
• Player points
• Rebounds
• Assists
• Three-pointers

Baseball

Baseball markets can include:

• MLB
• Game winners
• Run lines
• Game totals
• Player hits
• Home runs
• Pitcher strikeouts
• Championship outcomes

Hockey

Hockey markets can include:

• NHL
• Game winners
• Puck lines
• Game totals
• Player goals
• Shots on goal
• Championship futures

Golf

Golf markets may include:

• Tournament outcomes
• Player performance
• Tournament winners
• Other event-specific contracts

Tennis

Tennis markets may include:

• Match winners
• Tournament outcomes
• Player performance
• Other supported selections

Mixed Martial Arts

MMA markets may include:

• Fight winners
• Event outcomes
• Other supported fight-related contracts

Market Availability

The exact selection varies according to the sporting calendar and currently listed contracts.

Novig’s official documentation identifies professional and college football, professional baseball, men’s and women’s basketball, hockey, golf, tennis, and MMA among its supported sports.  

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How Novig Works

Novig operates as a peer-to-peer prediction market exchange.

Users buy and sell event contracts whose prices are determined by market activity.

Event Contracts

An event contract represents a position on whether a specified outcome will occur.

For example:

Will a particular NFL team win its next game?

A customer can purchase contracts supporting the outcome they believe will occur.

Contract Prices

Novig contracts generally have a settlement value of $1 when successful and $0 when unsuccessful.

Prices fluctuate according to the orders available in the market.

A contract trading at $0.40 represents a market price corresponding to approximately a 40% implied probability.

This probability reflects market pricing rather than a guaranteed forecast.

Example Trade

A user purchases 100 contracts at $0.40 each.

Initial Cost: $40

Successful Settlement: $100

Gross Profit: $60

Unsuccessful Settlement: $0

Potential Loss: $40, plus any applicable fees.

This example assumes the contracts are held until settlement.

Peer-to-Peer Trading

Novig matches orders between market participants.

The exchange facilitates trading rather than acting as a conventional bookmaker offering fixed odds.

Market Orders

Users can accept prices currently available from other participants.

Execution depends on the liquidity available at those prices.

Limit Orders

Users can create orders specifying the price at which they are willing to trade.

These orders remain available for other participants to accept, subject to the selected order conditions.

Limit orders are not guaranteed to execute.

Selling Before Settlement

Eligible straight-trade positions may be sold before the underlying event concludes.

The amount received depends on current market prices and available liquidity.

Market Liquidity

Popular events may have more active order books.

Less liquid markets can have wider spreads or fewer opportunities to execute orders at a preferred price.

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Trading Markets & Features

Novig offers several trading formats designed around sports event contracts.

Straight Trades

Straight trades involve one individual market outcome.

Examples include:

• Game winner
• Point spread
• Total points
• Player prop
• Futures outcome

Straight trades are matched between market participants.

Make Orders

Novig allows users to create their own prices.

A Make Order is placed into the order book and waits for another participant to accept it.

This allows customers to seek a preferred entry price rather than immediately accepting the available market price.

Take Orders

A Take Order executes against an existing order.

This provides faster execution when sufficient liquidity is available.

Live Trading

Novig supports trading while sporting events are underway.

Contract prices can change rapidly as game conditions develop.

Live trades may incur transaction fees.

Parlays

Novig supports parlays combining multiple selections.

All required selections must succeed for the combined contract to pay out.

Parlay pricing is generated using available liquidity.

Unlike eligible straight trades, parlays cannot currently be sold before settlement.

Futures Markets

Futures contracts cover outcomes determined later in a season or competition.

Examples can include championship winners or other longer-term sporting outcomes.

These markets may have separate trading fees.

Early Position Selling

Eligible straight-trade positions can be closed before settlement when a suitable price is available.

This can allow users to realize a profit or limit a loss without waiting for the sporting event to finish.

However, early selling is not guaranteed, and positions funded with promotional trade credits may be ineligible.

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Platform & Technology

Novig combines exchange-style trading functionality with a mobile interface designed for sports fans.

Core features include:

• CFTC-regulated event-contract trading
• Peer-to-peer order matching
• Sports prediction markets
• Live market prices
• Make and Take orders
• Limit orders
• Straight trades
• Parlays
• Futures markets
• Live in-game trading
• Position management
• Early selling on eligible trades
• USD account balances
• Promotional trade credits
• Novig Points rewards
• Account verification
• Payment management

Exchange-Based Pricing

Novig’s defining technological feature is its peer-to-peer pricing model.

Rather than relying on bookmaker-controlled odds, prices reflect orders submitted by market participants.

Order Book

The order book displays available trading interest.

Users can accept existing prices or submit their own orders.

Live Trading

Novig supports real-time trading during sporting events.

Prices can change as events unfold.

Portfolio Management

Users can review open positions, available funds, promotional credits, and trading activity.

Market Information

The platform displays contract prices and relevant market details.

USD Accounts

Novig uses real-money USD balances.

Its previous Novig Coins and Novig Cash virtual currencies have been retired.

API Access

Novig also supports API-based trading functionality, subject to its applicable rules and technical requirements.

The platform’s technology is designed to combine sports-focused accessibility with exchange-style order execution.  

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Deposits and Withdrawals

Novig uses real-money USD accounts for its regulated prediction market.

The former sweepstakes currency system no longer applies.

Deposit Methods

According to Novig’s official payment documentation, supported funding options include:

• Bank transfers
• Credit cards
• Debit cards
• Apple Pay
• Supported stablecoin and cryptocurrency deposits

Availability depends on the payment method and account eligibility.

Bank Transfers

Eligible bank transfers are processed through supported payment providers.

Novig currently lists bank transfers as a fee-free funding option.

Card Deposits

Credit cards, debit cards, and Apple Pay deposits are subject to a processing fee under Novig’s standard deposit pricing.

Cryptocurrency Deposits

Novig also supports selected stablecoin and cryptocurrency funding methods through its payment provider.

A cryptocurrency wallet is not required for customers using conventional bank funding.

Minimum Deposit

Minimum Deposit: $10

This is also the qualifying deposit amount referenced in Novig’s published new-member promotion.

Withdrawal Methods

Novig currently supports:

• Bank transfers
• Debit cards
• Venmo

Minimum Withdrawal

Minimum Withdrawal: $10

Withdrawal Requirements

Users must complete identity verification before withdrawals can be processed.

Funds committed to open or unsettled positions are not available for withdrawal until released.

No Deposit Playthrough Requirement

Novig states that ordinary deposited funds do not need to be traded a specified number of times before withdrawal.

Promotional trade credits have separate conditions.

Payment Information

Feature	Details
Currency	USD
Minimum Deposit	$10
Minimum Withdrawal	$10
Bank Transfers	Supported
Credit Cards	Supported for deposits
Debit Cards	Supported
Apple Pay	Supported for deposits
Crypto/Stablecoin Funding	Supported through selected providers
Venmo Withdrawals	Supported
Bank Deposit Fee	No Novig processing fee under discount pricing
Card/Apple Pay Deposit Fee	3%
Identity Verification	Required
Deposit Playthrough	Not required for ordinary deposited funds

Payment availability and processing conditions may change.

Fees

Novig’s pricing structure is one of its main advantages.

The exchange currently offers fee-free standard pregame straight trades, while charging fees on selected other transaction types.

Pregame Straight Trades

Maker Fee: $0

Taker Fee: $0

Standard pregame straight trades placed through the app or website currently carry no trading commission.

Live Trading Fees

Live straight trades can incur taker fees.

Novig’s published fee formula is:

Fee = Coefficient × Contract Price × (1 − Contract Price) × Number of Contracts

Under the current fee schedule, the coefficient for live straight-trade taker fees is 0.06.

Futures Trading Fees

Most futures straight trades use the same 0.06 coefficient for taker fees.

Certain markets, including specified golf and tennis futures, are exempt under the published schedule.

Parlay Fees

Parlays use a 0.10 coefficient in the fee calculation.

The applicable fee is included in the quoted parlay price.

Maker Fees

Novig currently charges no maker trading fees.

Eligible maker orders may also qualify for credits under the exchange’s incentive programs.

Example Live Trade Fee

A customer takes 100 contracts priced at $0.50.

Contract Cost: $50

Fee Calculation: 0.06 × 0.50 × 0.50 × 100

Trading Fee: $1.50

Total Cost: $51.50

Successful Settlement: $100

Profit After Trading Fee: $48.50

Deposit Fees

Novig’s published deposit pricing includes:

• Bank transfers: 0%
• Supported crypto/stablecoin deposits: 0% Novig processing fee
• Credit cards: 3%
• Debit cards: 3%
• Apple Pay: 3%

External provider or network charges may still apply.

Fee Summary

ransaction	Published Fee
Pregame Straight Trade — Maker	$0
Pregame Straight Trade — Taker	$0
Live Straight Trade — Maker	$0
Live Straight Trade — Taker	0.06 × P × (1−P) per contract
Futures Straight Trade — Taker	0.06 × P × (1−P) per contract, where applicable
Parlay	0.10 × P × (1−P), included in quote
Bank Deposit	$0 Novig processing fee
Card Deposit	3%
Apple Pay Deposit	3%

Important: The coefficients in Novig’s trading fee formula are not flat percentage charges on the total transaction value.

For example, a 0.06 coefficient does not mean that every live trade incurs a flat 6% commission.

Novig’s official fee schedule is the appropriate reference for current charges.  

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Mobile Experience

Novig is designed around a mobile-first sports trading experience.

The platform offers applications for supported iOS and Android devices.

Mobile Features

The app allows eligible users to:

• Browse sporting events
• View available event contracts
• Trade game winners
• Trade point spreads
• Trade game totals
• Access player-prop markets
• Participate in live trading
• Create Make Orders
• Accept Take Orders
• Build parlays
• Access futures markets
• Review open positions
• Sell eligible positions early
• Monitor account balances
• Manage deposits and withdrawals
• Claim promotional trade credits
• Access Novig Points rewards

Sports Navigation

Markets are organized around sporting competitions and events.

This provides a familiar experience for customers accustomed to sportsbook-style interfaces.

Live Trading

Novig supports in-game trading, allowing users to respond to changing sporting events.

However, live market prices can move quickly.

Make and Take Interface

The app allows users to choose between accepting an available price and submitting their own.

This provides more control over entry prices than a conventional fixed-odds sportsbook interface.

Portfolio

The Portfolio section displays open positions and account information.

Novig distinguishes between available cash, open positions, and promotional trade credits.

Early Selling

Eligible straight trades may display a Sell option.

The available selling price depends on market conditions and liquidity.

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Customer Support

Novig provides customer assistance through its official Help Center and in-app support functionality.

Help Center

The official Help Center covers:

• Account registration
• Identity verification
• Geographic eligibility
• Deposits
• Withdrawals
• Trading fees
• Straight trades
• Parlays
• Make and Take orders
• Early selling
• Market settlement
• Promotional trade credits
• Novig Points
• Account restrictions
• Technical issues

Live Chat

Novig directs customers to its live chat support for account-related questions and disputes.

Account Verification

Customers experiencing verification delays may need to provide additional information.

Withdrawal Assistance

Support can help users understand withdrawal restrictions related to pending verification or funds committed to open positions.

Trading Questions

Users can consult the Help Center for explanations of market prices, trading fees, order execution, and settlement.

Official Help Center:  ⁠Novig Support

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Security and Fair Trading

Novig operates under federal derivatives regulation.

Its exchange is operated by Ludlow Exchange, LLC, doing business as Novig.

CFTC Regulation

Ludlow Exchange received its Designated Contract Market designation from the Commodity Futures Trading Commission in June 2026.

This provides a federally regulated framework for the exchange’s listed event contracts.

Exchange Rulebook

Novig operates under an exchange rulebook covering market operations, trading requirements, and participant conduct.

Identity Verification

Customers must complete identity verification before trading.

This helps the platform meet applicable compliance requirements.

Geographic Controls

Novig verifies users’ physical locations and restricts trading in excluded jurisdictions.

Market Settlement

Event contracts settle according to their published rules.

Users should review the specific outcome conditions before opening a position.

Peer-to-Peer Execution

Novig matches orders between market participants.

Contract prices depend on available trading interest rather than fixed bookmaker odds.

Account Security

Users should protect their account credentials and review account activity regularly.

Responsible Trading

Novig customers should:

• Set personal trading budgets
• Understand potential contract losses
• Avoid trading money needed for essential expenses
• Monitor open positions
• Review trading fees
• Avoid chasing losses
• Take breaks when necessary
• Understand the risks of live trading

Financial Risk

Prediction contracts can lose their entire purchase value.

Although the maximum loss on a fully funded event-contract purchase is generally limited to the amount paid plus applicable fees, customers should review the specific product terms and order structure before trading.

Federal regulation does not guarantee profitability or eliminate market risk.

Novig’s regulated exchange structure is supported by its official documentation and CFTC filings.  

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Our Verdict

Novig has developed into a compelling sports-focused prediction market platform following its transition to a CFTC-regulated exchange in August 2026.

Its biggest advantage is its peer-to-peer trading model.

Instead of accepting fixed odds from a conventional bookmaker, users trade sports event contracts against other market participants.

This creates an exchange-style experience in which prices are determined by available orders.

Novig’s fee structure is another major strength.

Standard pregame straight trades are currently free of trading commissions, making the platform particularly attractive for customers who regularly participate in sports markets.

The ability to create custom prices through Make Orders provides additional flexibility, while live trading and early selling on eligible positions expand the available trading strategies.

Novig also offers familiar sports markets, including football, basketball, baseball, hockey, golf, tennis, and MMA.

Its regulated exchange status represents a substantial change from the company’s former sweepstakes model.

The platform now uses USD accounts and real-money event contracts rather than promotional sweepstakes currencies.

However, Novig has several limitations.

It is unavailable in Arizona, Michigan, and Nevada, and customers must be at least 21 years old.

Its sports-only focus also means it does not offer the broad range of political, economic, cryptocurrency, and entertainment markets available through some competing prediction exchanges.

Market liquidity can affect trading prices and execution, while fees apply to certain live, futures, and parlay transactions.

Card deposit processing fees are another consideration.

Overall, Novig is a strong option for eligible US customers seeking a sports-focused prediction market with competitive pricing, peer-to-peer trading, and a modern mobile experience.

Its combination of federally regulated exchange infrastructure, fee-free pregame straight trades, and flexible order functionality supports a strong editorial assessment.