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Novig vs Polymarket US
Generated from the same platform records as our written comparisons — the figures are the ones in each review. We have not published an editorial verdict on this combination, so this view carries no ranking of our own and stays out of search results.
Novig
Regulated exchange · USD · United States
— out of 10, editor score
- +Regulated: CFTC Designated Contract Market: Ludlow Exchange, LLC (d/b/a Novig), designated 16 June 2026
- +Public API
- +iOS and Android apps
Polymarket US
Regulated exchange · USD · United States
— out of 10, editor score
- +Regulated: CFTC Designated Contract Market: QCX LLC d/b/a Polymarket US (designated 9 July 2025; amended order 25 Nov 2025 permits FCM-intermediated access)
- +Free withdrawals
- +7 market categories
Row by row
The edge on each row is marked. Rows that describe rather than rank — jurisdiction, currencies, market categories — say “no edge” instead of picking a side.
| Criterion | Novig | Polymarket US | Edge |
|---|---|---|---|
| Overview | |||
| Editor Score | Not rated | Not rated | No edge |
| Type | Regulated exchange | Regulated exchange | No edge |
| Launched | 2024 | — | No edge |
| Mobile apps | iOS, Android | iOS, Android | No edge |
| Fees | |||
| Fee conditions & evidence | Novig's help centre says "only takers pay trading fees on Novig. The maker fee is $0" (support.novig.com/en/articles/16195057-fees-on-novig, read 28 Sep 2026). Pre-game straight trades carry no fee for maker or taker (app/web and API). Taker fees are 0.03 x P x (1-P) per contract on live straight trades, 0.06 x P x (1-P) on futures, and 0.10 x P x (1-P) on parlays (the parlay fee is built into the quoted price). At a 50c contract that works out to about 1.5%, 3% and 5% of the stake respectively. Our calculation: 0.03 x 0.25 = $0.0075 per 50c contract. The help centre's worked example is 100 live contracts at 50% = $0.75. Makers on live and futures markets can earn a rebate through the Maker Credit Program: "50% of the Live Taker Fee collected" and "70% of the Futures Taker Fee collected", starting 10 September 2026. Deposits by credit card, debit card or Apple Pay use 'standard pricing' with a 3% fee; bank transfers (Stripe, Aeropay) and stablecoins (Coinflow) use no-fee 'discount pricing' (support.novig.com/en/articles/15062817, read 28 Sep 2026). No withdrawal fee is stated anywhere we read. Review evidence · Official fee source | Taker fees follow a formula rather than a flat percentage: "Fee = Θ × C × p × (1 - p)", with a taker theta of 0.0695. The fee peaks at $1.74 per 100 contracts at a $0.50 price, which is about 3.5% of the $50 trade value, and falls toward zero near $0.01 or $0.99. Makers currently receive a rebate with a theta of -0.0125 (up to $0.31 per 100 contracts). Takers who traded $250k to $999,999 the previous month get 10% back, $1M to $9.99M gets 25%, and $10M+ gets 50%. Combos (parlays) carry a higher taker curve that adds a 0.04 × (1-p)^4 term. The schedule has been "Effective exchange-wide from 12 AM ET, Friday September 25, 2026" (docs.polymarket.us/fees, read 28 Sep 2026). Two changes are pending. The Table Tennis taker coefficient rises to 0.10 from 30 Sep 2026. Under a CFTC 40.6(a) filing dated 22 Sep 2026, the coefficient-based maker rebate will be replaced from 6 Oct 2026 by tiered rebates for makers above $10M of monthly volume, and the filing states "The maker fee is zero." Withdrawals are described as free ("Withdraw your cash balance securely and for free"). No deposit fee is stated anywhere in the docs. Review evidence · Official fee source | Depends on the trade |
| Maker fee | See fee conditions above | See fee conditions above | No edge |
| Taker fee | See fee conditions above | See fee conditions above | No edge |
| Withdrawal fee | — | Free | No edge |
| Deposits and withdrawals | |||
| Minimum deposit | — | — | No edge |
| Currencies | USD | USD | No edge |
| Markets | |||
| Market categories | Sports | Sports, Politics, Crypto, Economy, Science, Other, Entertainment | No edge |
| Public API | Yes | Yes | Tie |
| Access and regulation | |||
| Jurisdiction | United States | United States | No edge |
| Licensing | CFTC Designated Contract Market: Ludlow Exchange, LLC (d/b/a Novig), designated 16 June 2026 | CFTC Designated Contract Market: QCX LLC d/b/a Polymarket US (designated 9 July 2025; amended order 25 Nov 2025 permits FCM-intermediated access), CFTC Derivatives Clearing Organization: QC Clearing LLC d/b/a Polymarket Clearing (registered by order dated 16 Dec 2024) | No edge |
| KYC required | Yes | Yes | No edge |
| KYC trigger | At sign-up: legal name, date of birth, address, phone, last 4 digits of SSN, and a current US driver's licence or state ID (support.novig.com Account Verification). | At signup, before any deposit or trade: "You must complete KYC before you can deposit funds or trade." Users give their full name, date of birth and address. Some are also asked for a government ID and a selfie check, and manual review can take up to 3–5 business days. | No edge |
| Supported countries | — | — | No edge |