Platform review
Novig review
CFTC-designated peer-to-peer sports prediction market (Ludlow)
In United States: “Novig is available nationwide, except in Arizona, Nevada, and Michigan.” Eligibility is based on physical location at the time of trading, and users must be 21 or older.
Our verdict
A sports-only exchange that became a CFTC-designated contract market on 16 June 2026 (Ludlow Exchange, LLC, d/b/a Novig) and went nationwide on 4 August 2026, after two years as a state-licensed and then sweepstakes product. The fee model is the draw: makers pay nothing, pre-game straight trades are free for both sides, and takers pay a price-based fee only on live trades, futures and parlays. You must be 21 or older and physically in an eligible state; Novig says it does not operate in Arizona, Michigan or Nevada. Not scored yet — we have read its documents, not traded on it.
Verified documents & product scope
Check country eligibility
Choose the country you want to check. This lookup does not change your site region or establish individual account approval.
Where is Novig available?
Users must be 21 or older and physically located in an eligible US jurisdiction when they trade; Novig's help centre says it "does not currently operate in Michigan, Nevada, and Arizona." The operator's promo page notes that eligibility "is based on your physical location at the time you trade — not your billing address or state of residency." Identity verification (KYC) is required and each user may hold one account.
What fees does Novig charge?
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.
These are document checks, not a funded-account test. Access may depend on residence, physical location, account approval and the contract category. Check the operator’s current terms before depositing.
Learn how play-money and real-money markets differ, use the fee and payout tools, or read our review methodology.
See our Platform documentation audit for the method and downloadable source register.
- CFTC Industry Filings: Designated Contract Markets (DCM) Filing — Ludlow Exchange, LLC — checked
CFTC register entry for "Ludlow Exchange, LLC", status "Designated", designation date "2026-06-16". The entry does not list the DBA or address.
- Novig Secures CFTC Designation (operator press release, PR Newswire, 16 Jun 2026) — checked
Novig announced its DCM designation and planned a summer 2026 nationwide rollout; the release states a 21+ requirement.
- Novig Launches Nationwide (operator press release, PR Newswire, 4 Aug 2026) — checked
Nationwide DCM launch announced 4 August 2026 under Ludlow Exchange, LLC; the release gives no state list or fee details.
- Novig Newsroom — About Us and Timeline — checked
"Novig was founded in 2021". The timeline lists: January 2024 "Launches as a regulated sports betting operator in Colorado"; April 2024 ceases Colorado operations; September 2024 sweepstakes launch in 42 states; June 2026 CFTC approval; August 2026 DCM launch nationwide. It also claims over 250K users and $6.5B volume.
- What is Novig? (Help Center) — checked
"Novig is a CFTC-regulated prediction market for sports"; "Novig is available nationwide, except in Arizona, Nevada, and Michigan."
- Rules, Legal Restrictions & Compliance (Help Center) — checked
"The exchange is open to users who are 21 or older and physically located in the United States. Novig does not currently operate in Michigan, Nevada, and Arizona."
- Eligibility & Legality (Help Center) — checked
Users must "Be 21 or older" and be "Physically located in an eligible jurisdiction at the time you trade". Excluded states: Nevada, Arizona, Michigan. KYC is required.
- Fees on Novig (Help Center) — checked
"only takers pay trading fees on Novig. The maker fee is $0". Taker fees: pre-game none; live 0.03xPx(1-P); futures 0.06xPx(1-P); parlays 0.10xPx(1-P).
- Maker Credit Program (Help Center / Policies) — checked
Makers receive "50% of the Live Taker Fee collected" and "70% of the Futures Taker Fee collected", from 10 September 2026 for one year.
- Standard and Discount Pricing (Help Center) — checked
Credit card, debit card and Apple Pay use standard pricing with a 3% fee. Bank transfers ("processed through Stripe and Aeropay") and stablecoins (Coinflow) use no-fee discount pricing.
- Using a Credit or Debit Card (Help Center) — checked
The page lists Visa, Mastercard, American Express and Discover and says "All card and Apple Pay transactions are processed through Coinflow." It gives no minimum deposit.
- Using Coinflow for Stablecoin Deposits (Help Center) — checked
"Currently, only stablecoins (USDC or USDT) are accepted." The deposit address is valid for 60 minutes and the balance updates on confirmation.
- Using Aeropay (Help Center) — checked
Aeropay is used for bank linking; "Novig does not manage Aeropay accounts directly." The page gives no fees or times.
- Withdrawing Funds (Help Center) — checked
Withdrawal methods are bank transfer, debit card and Venmo. "There is a $10 minimum for withdrawals." No fee is stated.
- Manual Withdrawal Review (Help Center) — checked
"Manual reviews are typically completed within 24 hours", or 24-48 hours at high volume. Without a review, withdrawals "can often be processed within minutes."
- Why Isn't My Full Balance Available to Withdraw? (Help Center) — checked
Deposits must clear before withdrawal, typically "within a few business days depending on your deposit method."
- Using Apple Pay (Help Center) — checked
"Deposits made with Apple Pay use standard pricing." Apple Pay is iOS only and the card must be in the user's own name.
- Account Verification (Help Center) — checked
Collects "legal name, date of birth, address, phone number, and the last four digits of your SSN" and requires a "US-based driver's license or US-based state ID."
- What sports are available on Novig? (Help Center) — checked
Sports only: football (pro, college, Canadian), baseball, basketball (men's/women's pro and college), golf, hockey, tennis, MMA. No non-sports markets are listed.
- Contracts (Help Center / Policies) — checked
Listed contract series include MLB, WNBA, UFC, NFL, PGA, MLS, ATP and WTA (winner, spread, total, prop, and future/head-to-head). No non-sports contracts appear.
- Market Rules (Help Center / Policies) — checked
"the terms of each contract determine how a trade is settled, including outcomes, timing, and any other conditions that apply."
- Bitnomial Clearinghouse Acknowledgement (Help Center / Policies) — checked
Users acknowledge the rules of "Bitnomial Clearinghouse, LLC" as clearing members when transacting.
- New Member Deposit Program Terms & Conditions (Help Center / Policies) — checked
"Deposit $10, Get $25 in Trade Credits", issued as five $5 credits that expire 30 days after issue. The program starts 4 August 2026 and runs for one year.
- Refer A Friend (Help Center / Policies) — checked
"Give $25, Get $25". The referrer's credit expires in 7 days, with a maximum of five referrals and qualifying conditions.
- Novig Promo Code page (operator) — checked
Operator page: "The Novig promo code is NOVIGBONUS." Credits are usable on contracts "priced between $0.01 and $0.60". The page says "Last verified September 15, 2026". Fetched with curl because WebFetch returned 405.
- Novig landing page — checked
"Novig is the leading sports prediction market in the US, now available nationwide." The page links to the App Store and Google Play and says "Must be 21+". Fetched with curl.
- Novig: Prediction Market — Apple App Store — checked
iOS app by Novig, Inc., version 1.1.243 (September 9). The listing says "21+" and "Not available in all states."
- Novig: Prediction Market — Google Play — checked
Android app by "Novig Labs", 100K+ downloads, 3.0 stars from 1.27K reviews. The listing shows "New Player Promo: Deposit $10, Get $25 in Trade Credits." Fetched with curl.
- Novig API docs — checked
"Trade sports contracts on the Novig exchange through our API" via signed REST requests plus one websocket for the order book and fills. Requests are signed with Ed25519 or P-256 and an OpenAPI 3.1 spec is available.
- Novig blog: Novig Launches First Prediction Market For Sports Nationally — checked
The post is dated January 15, 2026 and is promotional, with no concrete launch date or state count. Not relied on.
Prices and liquidity
We do not currently publish live quotes for Novig. Check the platform’s order book before placing an order: the last trade can differ from the price available for your position size.
How to assess liquidity and spreads →Novig promo code: what Novig’s own terms say, and what it is worth →
Novig FAQ
- What fees does Novig charge?
- 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.
- Is Novig regulated?
- Novig is the trading name of Ludlow Exchange, LLC, which the CFTC's DCM filings register lists with status "Designated" and designation date "2026-06-16" (cftc.gov/IndustryOversight/IndustryFilings/TradingOrganizations/59390, read 28 Sep 2026). The operator's promo page states it "operates as a CFTC-designated contract market (Ludlow Exchange, LLC, d/b/a Novig)" (novig.com/promo, read 28 Sep 2026), and its help centre says it operates "under federal commodities law, regulated by the Commodity Futures Trading Commission (CFTC), rather than under state sweepstakes or sports betting law" (support.novig.com 'What is Novig?', read 28 Sep 2026). Trades clear through Bitnomial Clearinghouse, LLC per Novig's own 'Bitnomial Clearinghouse Acknowledgement' (read 28 Sep 2026). Before the DCM, Novig ran a sweepstakes product (from September 2024) and, earlier, a Colorado-licensed exchange (January to April 2024), per its own newsroom timeline (novig.com/newsroom, read 28 Sep 2026).
- Who can use Novig?
- Users must be 21 or older and physically located in an eligible US jurisdiction when they trade; Novig's help centre says it "does not currently operate in Michigan, Nevada, and Arizona." The operator's promo page notes that eligibility "is based on your physical location at the time you trade — not your billing address or state of residency." Identity verification (KYC) is required and each user may hold one account.
- Does Novig require identity verification (KYC)?
- Yes. 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).
- Does Novig have a mobile app?
- Yes. Novig has apps for iOS and Android.
- Does Novig have an API?
- Yes. Novig documents a public API for market data and trading.
- What can you trade on Novig?
- Event contracts on sports. Individual markets open and close, so check the live list before depositing.
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