Novig Review 2026

PredictionScout Score: 6.8 / 10 (raised from 6.0 in August 2026 — see changelog below)

Novig spent two years as the most interesting platform we couldn’t fully recommend. The pricing was genuinely better than any sportsbook — zero commission, zero vig, peer-to-peer — but it ran on a sweepstakes model with no federal protection behind your balance. That objection is now gone.

In early August 2026, Novig launched a CFTC-regulated exchange through Ludlow Exchange, LLC and shut the sweepstakes product down. The same commission-free pricing now runs on a federally regulated designated contract market, withdrawals clear instantly through Trustly instead of a playthrough-gated redemption queue, and the whole thing is real money rather than dual-currency coins. The score moves from 6.0 to 6.8.

What still holds it back is scope and age: sports only, no politics or economics, a designated contract market that does not hold its own clearinghouse registration, and an operating record measured in weeks.

Last updated: August 26, 2026 | Score changelog: August 2026 — Regulation 4.5→7.5, Withdrawals 5.0→7.5, Deposits 6.5→7.0, Tax 4.0→4.5, Liquidity 6.5→6.0 (regulated platform reset its book); composite 6.0→6.8. | Scoring basis: CFTC filings, launch coverage from trade press, published deposit and withdrawal terms, and app store review analysis. See our full methodology.

Disclosure: PredictionScout may earn commissions from platforms reviewed on this site. Scores follow our methodology, not commission rates. See our affiliate disclosure.

Novig at a Glance

What Changed in August 2026

This is the largest single change any platform we cover has made since we started scoring them, so it’s worth being precise about it.

Novig’s regulatory path has been a series of reinventions: a licensed betting exchange in Colorado in 2023, an exit within six months, a sweepstakes relaunch in September 2024, then a CFTC application in January 2026. The CFTC designated its exchange entity, Ludlow Exchange, LLC, as a contract market on June 16, 2026 — one of the fastest designations in the agency’s history. The regulated platform went live in early August 2026, and the sweepstakes product was retired rather than run alongside it.

For traders, three things changed at once. Your balance is now real money on a federally regulated exchange instead of a sweepstakes ledger entry. Withdrawals clear instantly through Trustly instead of requiring a 1x playthrough and up to a week for a first redemption. And availability expanded well beyond the 34-state sweepstakes footprint to 47 states plus DC — see the availability section below.

The company reports having passed $6 billion in cumulative trading volume across its platforms, and early coverage put the new prediction market ahead of several competitors in opening volume. Treat both as company-supplied or early figures rather than audited numbers.

Regulation and Fund Safety — 7.5 / 10

Novig now trades on a CFTC-designated contract market, which means customer funds carry federal protections and the exchange operates under a public rulebook. Novig also codified a set of responsible-trading standards directly into that rulebook, which is unusual and, as far as we can tell, a first among CFTC-regulated prediction market exchanges.

Two things keep this below Kalshi (9.0), OG (8.5), and ProphetX (8.0). First, Ludlow Exchange holds a designated contract market registration but not its own derivatives clearing organization registration — the other three each own both halves of the stack. Second, the regulated venue is weeks old and has not been tested through a market stress event or a disputed settlement at scale.

Worth noting for context: the state pushback Novig faced as a sweepstakes operator — an Arizona cease-and-desist in 2025, exits from New Jersey and Connecticut — was a function of the sweepstakes model. Federal designation changes that legal footing entirely.

Availability — 47 States Plus DC

Novig is available in 47 states plus the District of Columbia. The three exclusions are Nevada, Arizona, and Michigan. Eligibility is determined by your current physical location rather than your residency, and the minimum age is 21.

That number is worth explaining, because published counts for Novig are a mess. Coverage of the August launch variously described it as live in 42 states, 47 states, 49 states, and all 50 — and Novig’s own homepage still advertises “35+ states,” which contradicts its own documentation. We went to the primary source: Novig’s help center article on Eligibility & Legality, updated in early August 2026 and written specifically about the CFTC-regulated prediction market, states that Novig is available nationwide with the exception of Nevada, Arizona, and Michigan.

The lower figures trace back to a second Novig help article that listed only 36 jurisdictions. That article now returns a 404 — it described the legacy sweepstakes product and was retired after the relaunch, but search engines still surface its cached text. If you see a number in the thirties, that is where it came from.

You can check your own state against every platform we cover with our legality checker.

Fees — 8.5 / 10

The best fee structure in the regulated field, and it’s not particularly close. Novig charges no commission and no vig. You trade peer-to-peer at whatever price the market sets, using a Make/Take mechanic — accept a posted price, or post your own and wait for a match. Deposits and withdrawals are free.

Compare that to the alternatives: Kalshi charges a formula fee on every taker execution, win or lose; ProphetX takes 2% of net winnings; FanDuel Predicts takes 2% of potential payout up front; OG charges 2 cents per contract to open. Novig takes nothing.

The honest caveat survives the relaunch: in markets where organic liquidity is thin and Novig seeds the book itself, an effective spread can be embedded in the price. Zero commission is not the same as zero cost — but on liquid markets, it’s close.

Withdrawals — 7.5 / 10

A dramatic improvement. Withdrawals are free with a $20 minimum: Trustly processes instantly, Aeropay in 2–3 business days. The sweepstakes-era friction — 1x playthrough before redemption, up to seven days for a first payout, daily caps — is gone.

Instant withdrawal puts Novig ahead of every platform we score except Polymarket’s crypto rail. Kalshi’s 90-day different-bank window and OG’s ACH-only queue look dated by comparison.

Deposits — 7.0 / 10

Two rails: Aeropay with a $5 minimum and Trustly with a $20 minimum, both free and instant. Low minimums are welcoming, and free instant funding is right. But two bank-linked options is a narrow menu — no debit cards, no PayPal, no Apple Pay, all of which FanDuel Predicts and OG offer.

Market Selection — 5.0 / 10 | Liquidity — 6.0 / 10

Sports only, by design: NFL, college football, NBA, college basketball, MLB, NHL, soccer, golf, tennis, MMA, and esports, with moneylines, spreads, totals, props, futures, parlays, and in-play trading. No politics, no economics, no culture — if you want anything beyond sports, this isn’t your platform.

On liquidity, we moved the score down slightly (6.5 → 6.0) despite the relaunch. The reason: a regulated platform launch resets the order book. The sweepstakes-era depth doesn’t transfer directly, and while early volume reporting is encouraging, three weeks isn’t enough to judge depth on secondary markets. The order book does display dollar liquidity at each price level, which is real transparency that OG and Fanatics don’t offer.

User Experience — 8.0 / 10 | Tax — 4.5 / 10 | Support — 4.5 / 10

The app remains the strongest consumer product among the sports-only platforms: 4.7★ across roughly 2,800 iOS ratings, native apps plus web, a visible order book, and a stated policy of not limiting winning traders. Android lags at ~3.8★.

Tax documentation practices for the regulated exchange have not been published — assume you track your own records and see our tax guide. Support has no post-relaunch track record; app reviews from the sweepstakes era cited slow responses.

Who Should Use Novig

Good fit: Sports traders who want the lowest possible cost — nobody else in the regulated field charges zero commission. Anyone who values fast payouts; instant Trustly withdrawals are best-in-class. Traders who were waiting for the regulated launch before funding an account.

Look elsewhere if: You want markets beyond sports (Kalshi or Polymarket), you want an exchange that owns its own clearinghouse (ProphetX, Kalshi, or OG), or you fund accounts with cards or PayPal.

Common Questions

Is Novig legit?

Yes. It operates a CFTC-designated contract market through Ludlow Exchange, LLC, and is backed by Pantera Capital, Lux Capital, Forerunner, and Y Combinator, with over $105 million raised. The sweepstakes caveat that applied to earlier versions of this review no longer does.

What happened to Novig Coins and Novig Cash?

Retired. The dual-currency sweepstakes product was shut down when the regulated exchange launched in August 2026. Trading is now real money on a federally regulated exchange.

Novig vs ProphetX?

The closest comparison in the field — both sports-only peer-to-peer exchanges that won CFTC approval within days of each other in June 2026. Novig charges nothing and pays out instantly; ProphetX charges 2% of net winnings but owns both an exchange and a clearinghouse. Cost favors Novig; regulatory structure favors ProphetX. See our ProphetX review.

What’s the Novig sign-up offer?

Promotions in August 2026 have included a deposit-$10-get-$25 trade credit offer with a 1x playthrough. Terms change frequently and vary by promo code — verify the current offer in-app.

See how Novig ranks against the full field in our platform rankings, or read Prediction Markets vs Sports Betting to understand the exchange model.

About the author. Arthur Angelo writes about prediction
markets at PredictionScout, comparing prices, fees, rules, and liquidity across platforms with a focus on
transparency and practical data. Fees are checked against published schedules and regulatory claims against
CFTC filings; where a fact can’t be verified, the page says so. See our
scoring methodology and
editorial policy.