Novig Review August 2026: ActionTrust Rating & Full Breakdown

Here's everything you need to know about Novig, at-a-glance:

Action Network scores Novig a 9.3 out of 10 — Outstanding under our ActionTrust prediction markets framework.

Novig earns strong marks for its no-vig, peer-to-peer pricing model, transparent fee structure, and sports-specific markets.

Its main growth areas are a narrower market selection than broader multi-category exchanges, since Novig sticks to sports. It's also worth noting that liquidity that can thin out in smaller prop and niche markets.

And now that it has CFTC-regulated status, Novig can truly compete with the likes of Kalshi and Polymarket.

Novig is a CFTC-regulated financial exchange, not a traditional sportsbook.

Like other prediction markets, you buy and sell event contracts rather than placing a bet against a bookmaker. A contract tied to a game or event outcome settles at $1 if that outcome happens and $0 if it doesn't.

Instead of a sportsbook setting the price, Novig traders post and match their own prices through an order book. It's essentially the same model that a financial exchange uses.

Because there's no house setting the odds, Novig calls this its "no-vig" model — pricing comes purely from what traders are willing to accept, not a built-in sportsbook margin.

Contract prices are shown as percentages rather than raw cents, and the order slip does the math for you: enter how much you want to buy, and Novig shows your potential payout right there before you confirm the trade.

If you want to calculate potential Novig payouts yourself, check out this prediction markets odd converter tool from Action Network.

You don't have to hold a position until the final result. If the market moves in your favor, you can exit early and lock in a profit rather than waiting out the rest of the game.

Before becoming a CFTC-regulated exchange in August 2026, Novig ran as a sweepstakes-style platform built around Novig Coins and Novig Cash.

These virtual currencies allowed users to either play for fun (Coins) or compete for real-money prizes (Cash).

Now that Novig is a CFTC platform, the dual-currency system is gone. Novig users today buy and sell real event contracts, the same way you would at Kalshi and Polymarket.

Yes — Novig operates as a legitimate, federally regulated exchange.

Novig's regulated exchange is operated by Ludlow Exchange, LLC, which became a CFTC-designated contract market on June 16, 2026.

Novig's live, regulated exchange replaced the former sweepstakes platform on August 4, 2026.

Novig requires standard KYC identity verification, including a state-issued ID, before you can withdraw funds.

No. Novig is a peer-to-peer CFTC exchange, not a sportsbook.

Check out the key differences below:

"No vig" refers to the absence of a sportsbook-style margin. But that doesn't mean every trade on Novig is free — trading fees are a normal part of any prediction market app.

To learn how to successfully claim the Novig welcome offer, check out our complete Novig promo code guide for a full breakdown from our Action Network experts.

The code is ACTION. When you register via this code, you get the welcome offer of: Deposit $10, Get $25 in Trade Credits!

Novig delivers a solid mobile experience, with dedicated apps available for both iOS and Android devices. Many users prefer the iOS version over the Android app.

In the table below, we’ve compiled key information about the Novig mobile apps, including their size, ratings, and other important details.

While the desktop version isn't nearly as popular, Novig offers a positive experience for traders who prefer to buy/sell on bigger screens. On a browser, Novig retains the app's same organized and streamlined feel.

More specifically, Novig clearly organizes all markets by league/sport. You can search for yourself or use the suggested trending topics related to players or teams.

Go into the Portfolio tab to view your active positions. And if you want to see how you're doing compared to other users, open the Ranks tab.

The Ranks tab embraces Novig's past as a social sportsbook by acting as a leaderboard. You can view rankings by:

• Profit
• Points
• Volume
• Parlay Volume
• Biggest Wins

Novig has earned its place among the best prediction markets. While it has several strong points, there are also a few drawbacks to consider.

Refer to the table below for an overview of the key strengths and weaknesses of the Novig prediction market.

Novig covers all the major U.S. sports leagues, including the NFL, NBA, MLB, NHL, and college football and basketball, alongside tennis, golf, and UFC.

Markets are presented in familiar sportsbook-style formats — moneylines, spreads, and totals — plus player props and season-long futures. Tap into any game to pull up its full list of available markets, including individual player props.

Available formats include game winners, spreads, totals, player statistics, season futures, and combination contracts where listed. The board shifts as seasons change and new contracts get listed.

Novig doesn't charge a flat commission. Instead, whether you pay a fee depends on when your trade happens and which side of the trade you're on.

Every Novig fee uses the same formula:

Fee = Coefficient × Price × (1 − Price) × Number of contracts

Price is the contract price in dollars. Because price also reflects the market's implied probability, fees peak at even-money contracts (50¢) and shrink toward heavy favorites and longshots.

A taker is whoever's order executes immediately against one already sitting on the book. Takers only pay a fee on live, in-game straight trades, using a 0.03 coefficient.

For example, taking 100 contracts on a live market at 50¢ costs $0.75 in fees, added on top of the $50 trade cost.

Parlays use a separate 0.10 coefficient, but the fee is already baked into the quoted price. There's no separate fee shown at checkout — the number you see is exactly what you pay.

There is no maker fee on Novig, across any trade type. If your order rests on the book and someone else's order fills it, you pay nothing, regardless of whether it's a pregame, live, or parlay trade.

Pre-game straight trades carry no fee at all, for makers or takers, whether placed on the app, web, or through Novig's API.

Fees are only charged when a trade actually executes — placing, modifying, or canceling an order that never fills costs nothing.

Costs related to moving money in or out of your account, like bank fees or payment processor charges, are separate from trading fees and depend on your payment method.

Card and Apple Pay deposits run through Coinflow at standard pricing. Bank-linked options like Aeropay tend to carry lower fees, so it's worth comparing before you fund your account.

There's a $10 minimum withdrawal, and Novig doesn't require a playthrough on any deposited funds — your balance is simply your money, available whenever it's not tied up in an open position.

Most withdrawals process within minutes, though some go through a routine manual compliance review that typically completes within 24 hours, occasionally extending to 24–48 hours during high transaction volume.

Here's how Novig compares to two other major prediction market apps.

Novig's biggest structural difference is its sports-only focus, which will feel more immediately familiar to sports bettors than Kalshi or Polymarket.

The tradeoff is breadth: Kalshi and Polymarket both let you trade politics, economics, and culture from the same account, while Novig sticks to sports.

For more info on these platforms and how they compare to Novig, you can see our Kalshi review and Polymarket review.

Novig's regulated exchange is available in most U.S. states, with a small number of exceptions.

Because Novig operates under federal CFTC oversight rather than state-by-state gambling regulation, it can operate in states where traditional sports betting isn't legal.

That said, prediction markets as a category face ongoing state-level legal challenges, so exact state-by-state access can shift as those cases develop.

If you're interested in promo eligibility specifically, the Novig welcome bonus is valid in these states: AK, AR, FL, GA, HI, IL, IN, IA, KS, KY, ME, MA, MN, MO, NE, NH, NC, ND, OH, OK, OR, SC, SD, TX, VT, VA, DC, WI, WY.

Novig became the exclusive official prediction market partner of the New York Mets in July 2026 — the first partnership between an MLB franchise and a prediction market operator.

The company also raised a $75 million Series B in February 2026, bringing its total funding above $105 million.

Novig issues a Form 1099 for taxable net trading profits that exceed standard IRS reporting thresholds. Even if you win money via prediction market promos, those profits could be subject to tax.

We recommend consulting a tax professional for guidance specific to your situation.

Novig currently offers several customer support options to help users quickly resolve any issues they may encounter. These include:

While our team has only attempted to reach out to Novig customer support a handful of times, we've had nothing but positive experiences. The live agents and email support team are both patient, knowledgable, and eager to help.

And for those who are go-getters, the Help Center has more than enough info to resolve many issues on your own.

Novig requires users to be 21 or older, a higher bar than most competitors.

The operator also builds several responsible trading tools into the platform to support healthy trading habits:

• Time Out: Take a break for 1 day, 3 days, 7 days, 1 month, 3 months, or 6 months.
• Deposit Limits: Set daily, weekly, or monthly deposit limits.
• Order Limits: Set daily, weekly, or monthly limits on order sizes.
• Permanent Account Closure: Permanently close your Novig account by contacting customer support via email.
• Self-Exclusion: Access an ecosystem-wide self-exclusion option across all prediction market platforms.