Novig Review & Promo Code "LSMAX" 2026

Novig At a Glance 

Novig Quick Verdict

Novig stands out by putting sports trading at the center of its prediction-market model. Its CFTC-regulated exchange structure, peer-to-peer pricing, live markets and range of sports contracts give traders more ways to manage positions than a standard fixed-odds sportsbook. Pregame straight trades currently carry no trading fee, and Novig uses a no-vig pricing model. 

The order-book format does take some getting used to, particularly for bettors accustomed to traditional odds. Its sports specialization will appeal to users who want depth in one category, while those looking for politics, economics or other event markets will need a broader platform.

Novig Pros & Cons

Pros

• CFTC-regulated exchange structure

• Sports-focused markets, including Canadian football

• No-vig pricing on eligible trades

• Live and pregame trading

• Trade Credits and rewards

• iOS, Android and desktop access

Cons

• Sports-only market selection

• Order-book trading takes some getting used to

• Liquidity varies between markets

• Eligibility depends on location

• Fees vary by trade type

What Is Novig?

Novig is a sports-exclusive prediction market exchange where users trade event contracts tied to game outcomes. Traditional sportsbooks set lines and take the opposite side of your bet; Novig is not a house counterparty, you trade directly against other market participants. 

Prices range from $0.01 to $0.99 and move with supply and demand, providing market-driven pricing without the built-in house margin found in traditional sportsbooks. 

From Sweepstakes to a Regulated Exchange

Novig has gone through several models since launching. Its earlier product used Novig Coins for free play and Novig Cash for sweepstakes with cash prizes. That model has now been retired, with Novig Cash balances converted to USD. 

In 2026, the company moved to its current federally regulated exchange structure, operated by Ludlow Exchange, LLC. The CFTC designated Ludlow as a contract market on June 16, 2026. The shift means users now trade real-money event contracts under a CFTC-regulated framework rather than participating in the former sweepstakes system.

How Novig Prediction Markets Work

There’s a little more to Novig than picking an outcome. The sections below cover the key mechanics you’ll encounter. 

Event Contracts and Outcomes

At the center of Novig are event contracts tied to a specific outcome. A contract is priced between $0.01 and $1, with the price reflecting the market’s current view of that outcome. For example, A contract priced at $0.70 implies a 70% market probability of that outcome occurring. When the event is resolved, the contract pays according to the stated result. 

Order Books, Bids and Available Prices

That brings us to the order book. Novig uses a peer-to-peer trading model, matching  users with opposing positions, so you trade against prices available from other market participants rather than placing a conventional bet against Novig. Prices can change as orders enter and leave the market. 

Market Orders, Limit Orders and Position Management

Novig gives traders two ways to enter a position. A market order takes an available price from the order book and is designed for immediate execution, while a limit order lets you set the price you are willing to accept and wait for another trader to match it. Once filled, you can monitor the position as its value changes, hold it until settlement, or sell before the event ends when sufficient liquidity is available. 

How to Start Trading on Novig

Once you understand the order book, getting started on Novig follows a clear sequence. Here’s what the process looks like:

1. Create and verify your account: Sign up, provide your details, and complete identity verification. You must be 21+ and physically located in an eligible US jurisdiction.

2. Fund your account: Add money using one of Novig’s supported payment methods and wait for the funds to become available.

3. Choose a sports market: Browse the available events and select a contract. Check the exact outcome being traded and its settlement conditions.

4. Review the available price: Look at the current bid and ask prices, available liquidity, and potential payout before committing funds.

5. Place your order: Take an existing price for immediate execution or submit a limit order at your preferred price and wait for a match.

6. Monitor your position: Track its value as the market moves. You can keep the position open or exit before settlement when an eligible exit is available.

7. Settle the contract: If you hold the position through resolution, Novig settles it according to the contract’s stated outcome.

Prediction Markets and Sports Available on Novig

Once you’re familiar with the trading process, the next question is what you can actually trade. Below, we look at Novig’s current sports and market coverage.

Major U.S. Sports

Novig has strong coverage of the NFL, NBA, MLB, NHL, WNBA, and college sports, with markets that go beyond picking a winner. Depending on the event, users can trade game outcomes, spreads, totals, and player props. 

For example, currently in the college football market, Syracuse is priced at 22% and Pittsburgh at 79%. The market is currently pricing Pittsburgh as the more likely outcome, with the two prices reflecting what traders are willing to pay.

Golf, Tennis and Combat Sports

Individual sports work slightly differently because there is no team scoreline to trade around. Novig offers PGA, ATP/WTA, and combat-sports prediction markets, including player or fighter outcomes and event-specific contracts. In tennis, for instance, L. Samson at 56% and A. Sobolieva at 47% show how the market is pricing their respective outcomes at that point in time. Golf can support outright tournament markets, while tennis and combat sports lend themselves more naturally to participant-based contracts.

Futures, Player Props, Parlays and Live Markets

Novig goes beyond basic game outcomes with player props, futures, parlays, and live markets. Props cover stats such as passing yards, points, and strikeouts, while futures cover longer-term results such as championships and awards. Live markets let traders respond to changing game conditions, although liquidity and available prices can vary by market.

Novig Trading Experience & Platform Features

The market selection is only part of the experience; the trading interface determines how easily you can act on it. Here’s what to expect from Novig’s platform, tools, and trading features.

Novig Order Book and Liquidity

The order book gives you a clear view of available prices and the dollar amount offered at each level, rather than hiding market depth behind a single displayed price. That is particularly useful for larger trades: popular NFL and NBA markets tend to have more contracts available, making entries and exits easier.

Less popular college games and niche props can be thinner, however, which can create wider gaps between buy and sell prices. In those markets, a limit order can give you more control over the price you accept.

Novig Live Trading and Early Exits

That liquidity matters even more once a game starts. Novig updates live contract prices as the market responds to events during play, allowing traders to adjust positions rather than simply waiting for the final result. You can also sell an open position before settlement when there is an available buyer. The practical limitation is availability: an early exit depends on someone being willing to take the other side.

Portfolio, Market Discovery and Trading Tools

After trading, the Portfolio provides a central view of open positions and account activity, making it easier to monitor exposure without checking individual markets. Market categories and search tools also help users find events without having to navigate lengthy menus. 

Novig adds ranks, leaderboards, and trading challenges, giving active users another way to track participation and compare performance. These extras are secondary to the exchange itself, but the clean market discovery and portfolio tracking make regular trading easier to manage.

Pricing, No-Vig Model & Fees

Novig removes the traditional sportsbook margin from its pricing, but trading costs can still apply. Here’s how the numbers work. 

No-Vig Pricing and Contract Prices

Novig removes the traditional sportsbook vig from its contract pricing. Instead of odds such as -110, contracts trade at prices from $0.01 to $0.99, with the price roughly corresponding to the market-implied probability. 

For example, a $0.70 contract suggests a 70% market probability. The important point is that no-vig does not mean no cost. Bid-ask spreads, liquidity and fees on certain trades can still affect what you pay. Prices move with buying and selling, available liquidity and what other traders are willing to accept. 

Novig Trading Fees

Novig’s costs depend on what you trade and how you execute it. Pregame straight trades are currently free for both makers and takers. Live trading can involve taker fees, while parlays have their own costs tied to the contract structure.

That means the no-vig model should not be confused with an entirely fee-free platform. Before confirming a trade, check the applicable cost shown for that market and order type.

Novig Bonuses & Trade Credits

Trade Credits are the main part of Novig’s promotional offering. Here’s what new and existing users can expect. 

Novig Trade Credits Welcome Offer

New Novig users can currently deposit $10 or more and receive $25 Trade Credits, issued as five $5 credits. These credits are promotional funds, not withdrawable cash, and can be used on eligible contracts. Any proceeds generated from trades using Trade Credits are subject to the promotion’s terms and can be withdrawn once the applicable requirements are met.

Referral Program

Novig’s referral program uses a “Give $25, Get $25” structure. A referred user must register through the referral link, pass identity verification and make a qualifying $10 minimum deposit. Once the deposit clears, both users receive $25 in Trade Credits, subject to the programme’s terms.

Novig Points and Rewards

Novig’s rewards programme uses monthly trading tiers: Starter, Bronze, Silver, Gold and Obsidian. Eligible trading activity earns Points, with higher tiers offering additional perks such as Trade Credit rewards, promotional pools, enhanced referral terms and account support. Because tiers reset monthly, the programme is more relevant to regular traders than occasional users.

Are Novig Promotions Worth It?

Novig’s promotions are useful, but they’re not the same as cash bonuses. Trade Credits come with restrictions, while Points favour regular traders. For someone already planning to trade, the rewards are a nice extra; they’re less compelling if you trade only occasionally.

Novig App, Desktop & User Experience

The trading mechanics matter, but so does how easily you can navigate them. Here’s how Novig performs across its mobile apps and desktop platform.

iOS and Android Apps

Novig’s iOS and Android apps keep the exchange experience fairly streamlined. Sports, leagues and player markets are easy to find, while the order ticket puts the available price and key trade information in one place before confirmation.

The bottom navigation also makes it simple to switch between markets and your portfolio. For live trading, the mobile layout works well when you need to act quickly, although the smaller screen leaves less room for comparing multiple prices at once.

Desktop Experience

Novig’s desktop platform has a premium sports-focused design, using team jerseys and subtle 2D animations without distracting from trading. Navigation is simple, with fewer menu options than a traditional sportsbook, but the home page puts most key features within easy reach. The larger screen also makes comparing markets, viewing order books and monitoring multiple positions easier. 

Banking, Deposits & Withdrawals

Novig payment methods include bank transfers, cards, Apple Pay, Google Pay, and crypto such as USDC (USD Coin) and USDT (Tether). Fees and processing times vary by method, with bank transfers and crypto fee-free. The minimum withdrawal is $10, and verification is required before cashing out. See the table below for method-specific details. 

Regulation, Security & Availability

Novig’s exchange model also comes with specific regulatory and location requirements. Here’s what that means for user security, eligibility, and availability.

CFTC Regulation and Exchange Status

Novig operates through Ludlow Exchange, LLC, which the Commodity Futures Trading Commission (CFTC) designated as a Designated Contract Market (DCM) on June 16, 2026. This places Novig’s event contracts within the federal commodities framework rather than the state-by-state licensing model used by traditional sportsbooks. 

DCM rules cover areas such as market surveillance, reporting, recordkeeping and enforcement. However, CFTC oversight does not protect users from trading losses or guarantee that a position will be profitable.

Account Security and State Availability

Novig requires KYC verification using details such as legal name, date of birth, address and the last four digits of an SSN; a US driver's license or state ID may also be required. It also checks a user's physical location when they trade. 

Currently, Novig is available in 36 states plus Washington, D.C., excluding Arizona, Michigan and Nevada. Users must be 21+ and physically located in an eligible jurisdiction to trade.

Responsible Trading & Customer Support

Trading tools matter, but so does getting help when something goes wrong. Here’s what Novig offers for responsible trading and customer support.

Responsible Trading Tools

Novig provides risk-management controls within its account settings. Users can set daily, weekly or monthly deposit limits, restrict order sizes and apply short-term time-out periods. For longer-term control, users can permanently close their account or access broader self-exclusion options.

Customer Support

Novig Customer support is available through in-app and web live chat, with email providing an alternative for detailed or account-specific issues. Novig also maintains a Help Center covering account management, trading, payments, settlement rules and other common questions.

For users who need clarification while trading, live chat is the most direct option, while the Help Centre is useful for checking rules and procedures without contacting support.

Who Should Use Novig?

Best For

Novig suits sports-focused traders interested in event contracts, live markets and peer-to-peer pricing. Its no-vig model and order-book system may appeal to users who want to trade around changing prices rather than simply accept a sportsbook’s fixed odds.

May Not Suit

The platform may feel less accessible for bettors who prefer traditional sportsbook interfaces and fixed-odds wagers. It is also a narrower option for anyone looking for non-sports prediction markets, while the order-book format adds a learning curve compared with conventional betting.

Novig vs Other Prediction Markets in the U.S.

Novig stands out for its sports-first focus, while Kalshi and Polymarket cover a broader range of event categories. The biggest differences come down to regulation, market depth, trading models, fees, mobile access, and age requirements. Take a look at the table below for the best U.S. prediction market alternatives:

You can also check out our prediction market review of ProphetX.

Is Novig Prediction Market Worth It?

Novig’s biggest strength is its focus: it takes the prediction-market model and builds it specifically around sports, with peer-to-peer pricing, live trading and a broad range of props and futures. The order-book approach gives experienced traders more control than a standard sportsbook, while pregame straight trades currently carry no trading fee. 

The limitation is that liquidity can vary, some trades still carry fees, and the exchange format takes more getting used to than fixed odds. It is best suited to sports-focused users who want to trade markets actively rather than simply place conventional bets.