Novig, an formidable sweepstakes startup, has launched in 42 US markets and Washington DC. Despite the severely controversial nature of sweepstakes, the prediction operator hopes to disrupt the market with innovative bellow that doesn’t build potentialities at a drawback.
Novig Makes Huge Promises
Novig’s nationwide launch hopes to channel thousands of gamers who possess been aggravated by feeble sportsbooks against the sweepstakes platform. Describing itself as a “best seemingly and efficient prediction market,” the platform promises to keep users on the same stage, allowing them to compete in opposition to their peers as a replace of in opposition to the dwelling.
Overall, the disruptor makes sizable promises of “no rigging, no banning and no penalties for outsmarting the market.” The firm also promised potentialities that they don’t must take care of mounted odds, restrictions and refused payouts.
Novig users can exercise Novig Money to play for fun or Novig Money to play for a shot at monetary prizes. All unusual users collect 1,000 Novig Money and 5 Novig Money preloaded, allowing them to commence buying and selling upright away.
Novig presents moneyline, unfold, total markets and participant props in NFL, NBA, WNBA, NCAAF, NCAAB, and MLB. Extra leagues and wager types are house to be integrated soon.
The platform is equipped on iOS in all states, other than Alabama, Colorado, Idaho, Louisiana, Michigan, Montana, Nevada and Tennessee. An Android launch is coming soon.
Jacob Fortinsky, Novig’s founder and chief executive officer, commented on the launch, announcing that he is worked up that the prediction market is sooner or later accessible to gamers. He promised that his firm’s sweepstakes mannequin would procure a whopping 43% of its users a success, as a replace of only 3.
Fortinsky invited gamers to download the app and be a part of the Novig Discord server to connect with other contributors of the community.
The more users we now possess in our community, the stronger the alternate turns into, so I’d severely to find it irresistible in the occasion it is seemingly you’ll presumably abet unfold the observe and collect others to affix the Novig circulation. It’s excessive time for a more a success, social, and efficient sports activities prediction market.
Jacob Fortinsky, founder & CEO, Novig
Sweepstakes Remain A minute Controversial
Novig’s construction used to be underpinned by a $6.4 million funding round that attracted a fundamental quantity of great traders. The firm beforehand tried to launch a making a wager alternate in Colorado however used to be averted from doing so by the local regulator. As a result, Novig opted to launch commission-free sports activities making a wager however rapidly shut it down to focal point on other industrial alternatives.
Novig’s launch comes amid increased scrutiny of the sweepstakes sector. Sweepstakes are no longer regarded as as to constitute playing and therefore are no longer regulated as such. Nonetheless, the American Gaming Association, amongst other switch bodies, has expressed disapproval of this oversight.
Overall, sweepstakes possess cemented themselves as a controversial and, in step with some of us, insufficiently regulated gaming mannequin, no longer in inequity to means-basically basically based mostly games in certain US markets.
Some possess slammed sweepstakes as yet yet any other offering that seeks to cannibalize the lawful gaming market.
Source: GamblingNews
