Novig review (2026)
Novig is a CFTC-designated, sports-only exchange in 47 states plus D.C. What it charges, how payments work, who it suits and the new-member offer.
Novig · Deposit $10 Get $50 in Trade Credits!
RANKPREDICTSClaim (opens in a new tab)21+ · T&Cs apply
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it's appropriate for you in light of financial circumstances. See novig.com/terms for information.
The short answer
Novig is a sports-only exchange where you trade against other users, not against a house. It is run by Ludlow Exchange, LLC, which the CFTC designated as a contract market on June 16, 2026. Novig relaunched on that licence on August 4, 2026 and no longer uses its old sweepstakes model. It is available in 47 states plus D.C. (not Arizona, Michigan or Nevada), and you must be 21 or older.
Last checked: October 3, 2026
Novig · Deposit $10 Get $50 in Trade Credits!
RANKPREDICTS
Claim on Novig (opens in a new tab)
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it's appropriate for you in light of financial circumstances. See novig.com/terms for information.
Last checked October 27, 2026
Novig at a glance
| Regulation | CFTC-designated contract market (Ludlow Exchange, LLC, June 16, 2026); cleared through Bitnomial Clearinghouse |
|---|---|
| What you can trade | Sports only |
| Where | 47 states plus D.C.; not Arizona, Michigan or Nevada |
| Minimum age | 21 (Novig's own rule) |
| Apps | Mobile app and web |
| New-member offer | Deposit $10 or more, get $50 in trade credits with code RANKPREDICTS; one per person; runs from October 1, 2026 for one year unless ended earlier |
What does Novig charge?
- Pre-game straight trades: free.
- Live (in-game) trades, futures and parlays: a taker fee that depends on the price, highest near 50 cents. For parlays it is included in the quoted price.
- Orders that rest on the book (maker orders): no fee.
Source: Novig help centre, "Fees on Novig", checked October 14, 2026.
How do deposits and withdrawals work?
- Free deposits: bank transfer and stablecoin or crypto deposits.
- 3% fee: credit card, debit card and Apple Pay deposits.
- Withdrawals: to a bank account, debit card or Venmo; $10 minimum; no playthrough requirement.
What changed in 2026?
Until 2026 Novig ran as a sweepstakes app with two virtual currencies. On June 16, 2026 the CFTC designated its exchange, and on August 4, 2026 Novig relaunched with real dollars as a regulated exchange. Older reviews that call it a sweepstakes app describe the previous product.
Who is Novig for?
- It suits sports fans who want to set their own price and pay nothing on pre-game straight trades.
- Look elsewhere if you want politics, economics or culture markets (see our Kalshi review and Polymarket US review), you are under 21, or you live in Arizona, Michigan or Nevada.
See how it stacks up in Kalshi vs Novig, or browse all comparisons.
We have not scored Novig under its new exchange model yet. Its earlier score rated the old sweepstakes product, so we removed it until the re-test is done.
Sources
- CFTC, list of designated contract markets (opens in a new tab), checked October 14, 2026
- Novig help centre, "Fees on Novig", checked October 14, 2026
- Novig terms and partner offer sheet, checked October 3, 2026
Frequently asked questions
Is Novig regulated?
Novig's exchange, Ludlow Exchange, LLC, has been a CFTC-designated contract market since June 16, 2026.
Is Novig a sweepstakes app?
Not any more. It relaunched as a regulated exchange using real dollars on August 4, 2026.
Which states is Novig in?
47 states plus D.C. It is not available in Arizona, Michigan or Nevada.
How old do you have to be to use Novig?
21. That is Novig's own minimum age.
What does Novig charge?
Pre-game straight trades are free, and orders that rest on the book pay no fee. Live trades, futures and parlays carry a taker fee that depends on the price and is highest near 50 cents.
What is the Novig promo code?
RANKPREDICTS: deposit $10 or more and get $50 in trade credits. One per person; new members only.
21+ · T&Cs apply · Terms
Restrictions & requirements apply. Not available in all states. 21+. Event contract trading involves risk & is not appropriate for all. Consider if it's appropriate for you in light of financial circumstances. See novig.com/terms for information.
