Novig is a peer-to-peer sports prediction market in the United States. This Novig review covers the live sweepstakes app, not the regulated exchange launching in Q3 2026. Novig is not a casino, despite the popular “novig casino” search. Novig runs a no-vig exchange and issues two currencies, Novig Coins and Novig Cash. Ludlow Exchange LLC, the Novig entity, secured a CFTC Designated Contract Market designation on June 16, 2026. Lines.com explains how Novig works, where Novig operates, and how Novig compares to Kalshi and Polymarket.
Terms 18+
Novig is a peer-to-peer sports betting exchange and prediction market. Novig matches users against each other, not against a house.
Traditional sportsbooks build a margin into their odds. Novig removes that margin through direct user matching. Novig calls the approach a no-vig model. The Novig name is a play on the word vig.
Novig operates as a mobile-first app on iOS and Android. Novig is not a daily fantasy sports product. Novig prices outcomes through market activity, not a fixed bookmaker line.
Learn more about how prediction markets work on Lines.com.
No. Novig is a sports prediction market, not a casino. Novig offers sports predictions, not slot machines or table games. The “novig casino” label points to the same sports product, not a separate slots site.
A Novig-branded domain, novigcasino.com, describes the identical peer-to-peer sweepstakes model. That domain uses the same Novig Coins and Novig Cash currencies. Always sign up through the official novig.com site or the Novig app.
Learn more about what a prediction market is on Lines.com.
Novig prices markets through supply and demand. Users post odds or accept existing offers.
The trade flow follows four steps:
Liquidity measures activity at each price. Major sports markets match quickly. Smaller markets can take longer to fill.
Important: American odds of -110 imply a 52.4% probability. The 2.4% above 50% is the sportsbook margin, the vig. Novig removes that built-in margin because users set prices directly.
Novig earns money through a take rate, not a line margin. Novig charges roughly 1% to 2% on net winnings, applied only to winning trades. A losing trade costs nothing beyond the stake.
Novig supports moneylines, spreads, totals, player props, and futures. Live betting and same-game parlays show limited or inconsistent availability across sources as of July 2026.
Novig runs a two-currency system. One currency is for play. One currency is redeemable for prizes.
Bonus Novig Cash requires a 1x playthrough before redemption. The minimum redemption is $20 in Novig Cash. Novig Cash converts to US dollars at a 1:1 rate.
Novig also offers a no-purchase mail-in entry, known as AMOE. AMOE adds Novig Cash with no purchase required.
Learn more about how sweepstakes currencies work on Lines.com.
Ludlow Exchange LLC, the Novig entity, holds a CFTC Designated Contract Market designation. Regulators granted the designation on June 16, 2026.
Novig filed its DCM application in January 2026. Reporting described the review as fast for the category. The CFTC clears designation applications within 180 days of receipt.
The transition is not complete as of July 2026. The sweepstakes app and the coming regulated exchange are two separate products. Novig continues to run the sweepstakes app during the transition.
Learn more about Kalshi’s CFTC-regulated model on Lines.com.
Novig runs its sweepstakes app in more than 35 states as of July 2026. The sweepstakes structure lets Novig reach states where regulated sportsbooks cannot operate. State availability can change as regulators act.
Novig uses geolocation to confirm a user location. Novig requires identity verification, known as KYC. Novig sets a minimum age of 21.
Novig excludes eight states: Alabama, Colorado, Idaho, Louisiana, Michigan, Montana, Nevada, and Tennessee.
Important: Sweepstakes availability shifts with state law. California’s AB 831 restricts dual-currency sweepstakes models, effective January 1, 2026. Confirm current eligibility inside the Novig app before you register.
Novig availability is not legal everywhere. A regulated 35-state exchange now depends on the Q3 2026 launch. Check your state regulations before using Novig.
Novig offers a welcome bonus tied to its currencies. The standard offer is 1,000 Novig Coins plus 5 Novig Cash. No promo code is required for that base reward.
Affiliate promo codes can add a spend-and-get bonus. One common example gives $50 in Novig Coins after a $5 purchase. Ongoing promotions include daily login rewards and referral bonuses.
Novig covers major United States sports leagues. Novig also lists select individual and combat sports.
Reported sports on Novig include:
Market availability depends on the sport and user activity.
Novig runs as a mobile-first app. Novig is available on the Apple App Store and Google Play. Reviewers rate the iOS app more highly than the Android app in 2026.
Novig sign-up follows a short flow:
Novig uses a sweepstakes-style wallet. Users buy Novig Coin packages, sometimes with bonus Novig Cash. Reported deposit methods include Visa, Mastercard, American Express, and Discover. Novig also supports bank transfers through Trustly and Aeropay. The reported minimum purchase is $5.
Redemptions apply to Novig Cash winnings. The minimum redemption is $20 in Novig Cash. Redemption methods include bank transfer, debit card, and Venmo. Redemptions process after identity checks, usually within a few business days. Per-transaction and daily limits may apply.
Novig competes with other prediction market platforms. The four platforms differ on model, regulation, and market range. The table compares them.
Novig and ProphetX both use peer-to-peer sports models. ProphetX launched its regulated exchange first, across 49 states. Novig plans its regulated 50-state launch for Q3 2026. Kalshi and Polymarket list broader event markets beyond sports.
See how Novig, Kalshi, and Polymarket price the same markets on Lines.com.
Learn more about Polymarket and Kalshi on Lines.com.
Novig started in 2021. Founders Jacob Fortinsky and Kelechi Ukah built the platform. Both founders attended Harvard and worked in trading and finance. Novig joined Y Combinator in the Winter 2022 batch.
Novig launched a real-money exchange in Colorado in 2023. Novig then relaunched under a sweepstakes model in September 2024. Novig raised an $18M Series A, led by Forerunner, in September 2025. Novig closed a $75M Series B, led by Pantera Capital, in February 2026. That round valued Novig near $500M, per Forbes.
Novig has raised about $106M in total funding. Novig surpassed $2B in annualized trading volume, per its September 2025 Series A announcement. Novig requires KYC identity checks and uses geolocation for state eligibility.
Novig offers several support channels. Novig provides live chat inside the app. Novig lists phone support and email at [email protected].
Pros
Cons
Novig is a sports prediction market, not a casino. Novig prices outcomes through a no-vig, peer-to-peer exchange. Ludlow Exchange LLC, the Novig entity, now holds a CFTC Designated Contract Market designation. If you understand implied probability, you understand most of how Novig works. Confirm current states, age, and terms on Novig official channels before you sign up.
Yes, through Novig Cash. Users redeem Novig Cash for prizes after meeting a 1x playthrough requirement. The minimum redemption is $20. Novig Coins hold no cash value.
No. Novig is a peer-to-peer sports prediction market. Novig offers no slot machines or table games. The “novig casino” label refers to the same sports product.
Novig is a funded company with venture backing. Novig raised a $75M Series B, led by Pantera Capital, in February 2026. Ludlow Exchange LLC, the Novig entity, holds a CFTC designation from June 16, 2026. Novig requires KYC and uses geolocation.
Novig runs its sweepstakes app in more than 40 states plus Washington DC. Novig excludes Alabama, Colorado, Idaho, Louisiana, Michigan, Montana, Nevada, and Tennessee. Availability can change, so check your state rules first.
Novig charges a take rate of roughly 1% to 2% on net winnings. That fee applies only to winning trades. A traditional sportsbook instead keeps a roughly 4.5% margin on a -110 line.
Novig Coins are for play and hold no cash value. Novig Cash is redeemable for prizes at $1 each. Novig Cash becomes redeemable after a 1x playthrough requirement.
Ludlow Exchange LLC, the Novig entity, holds a CFTC Designated Contract Market designation, granted June 16, 2026. Novig plans a federally regulated exchange for Q3 2026.
Disclaimer:Â Probabilities shown are market-implied and not predictions or recommendations. This content is for informational purposes only. Lines.com does not provide betting advice, and past market accuracy does not guarantee future results. Prediction market and sports betting laws vary by jurisdiction. Check your local regulations before participating in any market or placing any bet.
