Novig Promo Code & Review August 2026
Novig is a federally regulated, sports-only prediction market operated through Ludlow Exchange, LLC, a Commodity Futures Trading Commission-designated contract market. Its regulated exchange went live on August 4, 2026, replacing the former sweepstakes platform.
The Novig promo code ACTION and the “Spend $25, Get $50 in Novig Coins!” offer applied to that former sweepstakes product, meaning they don't apply to the live regulated exchange.
On Novig, users trade sports event contracts with other market participants through an order book. Prices move with supply and demand, and there's no sportsbook-style house margin, although some trades carry fees.
Novig Promo Code Key Takeaways for August 2026
Are you short on time and looking to get the most important facts? Look to the table below for our Novig promo code and other important info!
| 🚨 Novig Promo Code | ACTION |
| 💰 Novig Welcome Bonus | Spend $25, Get $50 in Novig Coins! |
| 🌎 Legal States | AK, AR, CA, 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 |
| 📜 Terms & Conditions | Players must be 21+ and be residents of the U.S. Void where prohibited. Mobile only. Please play responsibly. |
| 📱 Platforms | iOS, Android, and desktop |
| 👀 Market Focus | Sports event contracts only |
| ✅ Info Last Verified | August 05, 2026 |
Platform Note: Novig is available on iOS, Android, and desktop, so traders can monitor order books and place trades from either a phone or desktop.
Novig Promo Code ACTION: New-User Offer Explained
The Novig welcome offer (a clearly great choice for one of the best prediction market signup offers) is centered around Novig Coins, the fun-play currency used to explore the platform and place predictions. With the current promotion eligible new users can use the Novig promo code ACTION to Spend $25, Get $50 in Novig Coins!
Novig Coins themselves don’t have cash value, but they give you plenty of volume to test markets, build tickets, and get a feel for how the social prediction exchange works before you decide how much more you want to commit. You can always buy more Novig Coins inside the app, but the welcome offer promo is the best value-add for new users.
Novig referral code ACTION offers the best signup bonus available. If you try to sign up without this code, the app will offer a 50% purchase match up to $25. This deal pales in comparison to the 100% purchase match that code ACTION provides.
Your purchase of Novig Coins may also come with a bonus of Novig Cash, a currency that lets you compete for real money prizes.
How to Claim the Novig Welcome Offer with Promo Code ACTION
Registering for a new account is fast. You can move from downloading the application to actively trading contracts in under five minutes. Follow these exact steps:
- Download the Novig App: Click here to download the iOS or Android app. When prompted during registration, input the Novig promo code ACTION to lock in the bonus: Spend $25, Get $50 in Novig Coins!
- Create a New Account: Tap the sign-up button. You can link a Google account, Apple ID, or use a standard email. Verify you are at least 21 years old.
- Verify Identity: Novig requires standard KYC (Know Your Customer) documents. Upload a state-issued ID. This is a mandatory step if you plan to redeem Novig Cash for real USD prizes later on.
- Fund Your Wallet: Execute a qualifying purchase of Novig Coins using code ACTION. The $50 bonus hits your account automatically once the transaction settles.
- Hit the Exchange: Your bankroll is ready. Start posting Maker orders or taking existing odds on the active MLB and WNBA weekend slates.
Novig No-Deposit Bonus
You can try Novig without making a deposit. Register with the promo code ACTION to instantly receive 1,000 Novig Coins and 5 Novig Cash. You do not need to link a bank account to claim this balance.
These social and sweepstakes currencies give you a risk-free way to test the app. You can practice placing limit orders on MLB run lines or WNBA spreads to understand the peer-to-peer interface before you commit.
What Is Novig?
Novig is a sports-focused, peer-to-peer prediction market and one of the platforms covered in our guide to the best prediction market apps.
The regulated exchange is operated by Ludlow Exchange, LLC, doing business as Novig. Ludlow became a CFTC-designated contract market on June 16, 2026, and its live DCM replaced Novig’s former sweepstakes platform on August 4.
Novig uses an order book where market participants post and match prices for sports event contracts. Binary contracts generally settle at $1 when the specified outcome happens and $0 when it doesn't, subject to the contract’s rules.
The company raised a $75 million Series B in February 2026, bringing its total funding above $105 million. In July, Novig also became the exclusive official prediction market partner of the New York Mets, the first partnership between an MLB franchise and a prediction market.
Novig vs. Kalshi: Choosing Your New Prediction Market App
While Novig and Kalshi both operate at the forefront of the prediction market sector, they cater to entirely different trading styles. Kalshi functions as a macro-driven financial hub, whereas Novig operates strictly as a sports-focused, peer-to-peer ecosystem.
| ⭐ Feature | ⚫ Novig | 🟢 Kalshi |
|---|---|---|
| Primary Focus | Sports (NBA, NHL, NCAAB) | Macro (Economics, Fed, News) |
| Model | CFTC Approved | CFTC-Regulated DCM |
| Odds Format | Standard Sports (-110, +100) | Probabilistic ($0.01 - $0.99) |
| Welcome Bonus | Spend $25, Get $50 in Novig Coins! | Trade $25, Get up to $500! |
| Best Known For | Sports Bettors & Prop Traders | Macro Hedgers & Policy Wonks |
The Verdict: Novig is the clear choice for zero-vig sports trading on familiar MLB and World Cup markets. Conversely, if you prefer trading politics, economic reports, or Federal Reserve decisions, Kalshi offers far superior liquidity.
How Novig’s No-Vig Model Differs From a Sportsbook
| ⭐ Feature | 🏈 Traditional Sportsbook | 🔃 Novig Exchange |
|---|---|---|
| Price Setting | The operator sets prices and includes a margin in the market | Traders post and match contract prices through an order book |
| Counterparty | The customer takes a price offered by the operator | Matched traders hold opposing positions |
| Built-In House Margin | Usually included in the quoted price | No sportsbook-style house margin |
| Pregame Straight-Contract Fee | Margin remains part of the price | No Novig trading fee on straight contracts matched before the event is live |
| In-Game Straight-Contract Fee | Margin remains part of the price | The taker pays a trading fee; the maker pays no trading fee |
| Combination Contracts | Pricing includes the operator’s margin | RFQ combination contracts use a separate taker-fee schedule; the maker pays no trading fee |
“No vig” refers to the absence of a sportsbook-style margin built into both sides of the market. It doesn't mean that every Novig transaction is free.
For straight contracts matched while an event is live, the current taker fee is calculated as: Execution price × (1 - execution price) × 0.03 × number of contracts.
RFQ combination contracts have their own special fee: when you take one of these trades, the fee is calculated using a 0.10 multiplier instead of the standard rate. On top of that, any costs related to moving money in or out of your account, like bank fees, payment processor fees, or clearing charges, are not included in Novig’s trading fees. Those are handled separately and depend on the payment method you use.
Novig Coins vs. Novig Cash
Novig operates on a dual-currency system that you can toggle directly within the interface:
- Novig Coins: This is a social practice currency with no monetary value. Use them to test trading strategies as the app provides a free refill if your balance dips below 100.
- Novig Cash: This is the sweepstakes currency used for real-world prize redemptions, holding a 1:1 ratio with USD. You accumulate Novig Cash through promotional coin bundle purchases or specific milestones. Once you meet the standard 1x playthrough requirement, it can be redeemed for cash prizes.
Need to see more about Novig coins and Novig Cash? Here's a simple breakdown of what these are and how you can redeem Novig Cash:
| 🪙 Currency | ✅ Purpose | 📊 Real-World Value |
|---|---|---|
| Novig Coins | Entries for fun | None |
| Novig Cash | Entries for real money prizes | Redeemable for 1:1 USD |
How Novig Works
Novig is a peer-to-peer sports prediction exchange where traders can submit orders at their preferred contract price or match an order already available in the order book.
The process works like this:
- Fund your account with cash.
- Choose a listed sports event contract and review its settlement rules.
- Check the current bid, ask, and available size.
- Buy available shares or submit a limit order at your chosen price.
- Wait for another market participant to match the order.
- Hold the position through settlement or manage it through the available exchange tools.
Ludlow’s initial contract filings cover MLB, MLS, NFL, WNBA, ATP, WTA, PGA, and UFC markets. Available formats include game winners, spreads, totals, player statistics, futures, and combination contracts where listed. The board changes as seasons and exchange listings change.
Summer Event Contracts to Trade
Novig’s August board centers on sports that are currently in season, although individual contracts and available liquidity change throughout the day.
- MLB: Game-winner, run-line, total, player-stat, award, and playoff contracts can cover both daily games and season-long outcomes.
- WNBA: Game-winner, spread, total, and player-stat contracts cover the second half of the league’s 30th season.
- NFL: Preseason games begin in early August, while season-long contracts can cover awards, team performance, and playoff outcomes where listed.
- Golf, UFC, and Tennis: Tournament, fight, match, head-to-head, total, and player-performance contracts add options beyond the major U.S. team leagues.
Trading MLB Contracts on Novig
- Trading event contracts on Novig can sometimes result in prices that are better or worse than traditional sportsbooks, depending on market liquidity and whether another trader is willing to take the opposite side. Pricing isn't guaranteed and is determined by the order book.
- A limit order lets you specify the contract price you're willing to accept. The order remains open until another trader matches it or you cancel it.
- On the regulated exchange, orders are collateralized by the cash available in your account. Before posting a limit order, check the current bid, ask, available size, and contract rules, then choose the highest or lowest price you're genuinely willing to accept.
Understanding the Novig Limit Order
| 🔢 Phase | 🤔 What Happens | 🔎 Practical Effect |
|---|---|---|
| 1️⃣ Review the Market | Check the current bid, ask, available size, and recent contract prices | You can see what other traders are currently willing to accept |
| 2️⃣ Submit an Order | Enter a limit order at your preferred share price | The order doesn't execute unless a matching order is available |
| 3️⃣ Match | A trader taking the opposing position accepts the available price | The two orders execute through the exchange |
| 4️⃣ Settlement | A winning binary contract generally settles at $1 and a losing contract at $0, subject to the applicable contract rules | Profit or loss depends on your entry price, position size, settlement result, and applicable fees |
Novig Trading Tips for August 2026
- Check the full order book: The most visible price doesn't tell you how many contracts are available at that level. Review the bid, ask, and available size before submitting an order.
- Use limit orders carefully: A limit order gives you control over your entry price, but it can remain unmatched or fill only partially.
- Watch lineup and injury news: MLB starting lineups, pitching changes, WNBA availability reports, and other late updates can move contract prices quickly.
- Account for live-trading fees: A taker fee applies when a straight contract is matched while the underlying event is in progress.
- Confirm Maker Credit eligibility: Maker Credits apply only to qualifying straight-contract orders matched in-game. Posting an order doesn't guarantee a credit.
Where Is Novig Legal?
Because Novig operates as a social sweepstakes sportsbook and prediction market, it can be available in many states where the best online sportsbooks don’t operate.
For this particular offer, Novig is only available in the following U.S. states: AK, AR, CA, 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’s Transition to a Licensed Federal Exchange
Fueled by a massive Series B funding round, Novig is aggressively shifting from a social sweepstakes platform into a federally regulated trading hub. The company recently secured its designation from the Commodity Futures Trading Commission (CFTC) to operate as a licensed Designated Contract Market.
This elite federal status fundamentally changes how you trade. It protects your action with rigorous federal oversight and bypasses the geo-location glitches and restrictions that plague state-level mobile sportsbooks. By eliminating the traditional sportsbook middleman, Novig lets the open market dictate pricing on everything from MLB run lines to NBA player props. You participate directly in a national peer-to-peer network where your only expense is a fractional commission on net profit, completely removing the standard 10% juice.
Since Novig received CFTC approval, it will function similarly to the regulated Kalshi exchange.
Novig Promo Code Terms & Conditions
Take advantage of the Novig promo code ACTION that gets you the following welcome offer: Spend $25, Get $50 in Novig Coins!
Just make sure you follow the terms and conditions as follows:
Players must be 21+ and be residents of the U.S. Void where prohibited. Mobile only. Please play responsibly.
Offer valid only in the eligible states listed above. Minimum $25 Novig Coin purchase required to qualify.
More Novig Rewards
The Novig welcome bonus is just the beginning. With Novig, users can participate in a ton of daily and seasonal promotions, some requiring a promo code, many not.
Novig Points
Novig recently launched its Novig Points rewards program, allowing users to earn based on their play. Learn more in our guide to Novig Points so you can understand how to climb the tiers and maximize these rewards.
Refer-a-Friend Program
Novig features one of the most straightforward and rewarding referral programs available. When you share your unique referral link with a friend, and they sign up and make a first-time purchase of 25 Novig Coins or more, both you and your friend will instantly be credited with 25 Novig Cash. There is no limit to the number of friends you can refer, making this a powerful tool for accumulating Novig Cash.
Daily Login Bonus
Consistency is rewarded at Novig. The platform offers a tiered daily login bonus that increases the longer you maintain your streak. By simply opening the app each day, you can earn a mix of Novig Coins and Novig Cash. Users who log in for 25 consecutive days can earn up to 10 Novig Cash for free, providing a no-risk way to add to their balance.
Parlay Promotions: Boosters and Insurance
For those who enjoy multi-leg wagers, Novig offers two key promotions. Parlay Booster increases the payout of your winning parlays, adding a percentage bonus on top of your standard winnings. On the other hand, Parlay Insurance provides a safety net. If you build a parlay and only one leg loses, you may be eligible to receive a portion of your stake back in the form of bonus Novig Cash, softening the blow of a near-win.
Sport-Specific Challenges
Novig frequently runs challenges tied to specific sports leagues, offering unique ways to earn rewards. These can include:
- Opening Tip (NBA): Correctly predict the winner of the opening tip-off in designated NBA games to earn bonus Novig Cash.
- Shoots and Scores (NHL): Predict the total number of goals in an NHL game to win rewards.
- Market Maker Bonuses (Tennis, MLB): Earn extra Novig Cash for setting odds on Tennis or MLB markets that get accepted by other users, incentivizing you to provide liquidity to the exchange.
Below is a summary of the key rewards you can earn:
| ⭐ Promotion | 🤔 How to Qualify | 🤑 Reward |
|---|---|---|
| Refer-a-Friend | Your referred friend signs up and purchases 25+ Novig Coins. | You and your friend both receive 25 Novig Cash. |
| Daily Login Bonus | Log in for 25 consecutive days. | Earn up to 10 Novig Cash plus bonus Novig Coins. |
| Parlay Booster | Place and win a qualifying multi-leg parlay. | Receive a percentage boost on your total winnings. |
| Parlay Insurance | Place a qualifying parlay where only one leg loses. | Get a portion of your stake returned as Novig Cash. |
| Social Sharing | Post about Novig on social media platforms. | Earn up to 100 Novig Cash monthly. |
Novig App Review & Technical Flaws
Casual bettors praise the Novig app for its modern interface, but we must highlight a few distinct limitations of the platform. Foremost, Novig operates exclusively as a mobile platform. The application handles rapid trades effectively, yet the complete absence of a desktop interface remains a massive hurdle for serious exchange traders.
Attempting to track moving order books for MLB afternoon games while watching live World Cup knockout-stage action on a single smartphone screen feels inherently restrictive. Managing multiple Limit Orders requires screen real estate that a phone simply cannot provide.
Additionally, redeeming your Novig Cash winnings requires patience. The system depends on Trustly for bank transfers, which routinely have a 1-3 business-day processing window.
If you initiate a redemption following a late evening MLB matchup, you must accept standard sweepstakes waiting periods that might lock your funds up for several days.
- Live odds refresh in real time.
- Switch between Novig Coins and Novig Cash directly in the menu.
- Because Novig is a mobile-only platform, they have it rated 9/10 or higher across major app stores.
- Designed for both new bettors and pro sports fans.
Apple App Store vs. Google Play Store
All told, the Novig app has a 4.8-star out of 5 score across 2,300+ ratings on the Apple App Store and a 3.6-star out of 5 score across over 600 reviews on the Google Play Store.
Check out some user reviews from both stores below:
"Novig Sportsbook app presents an innovative and refreshing approach to sports betting, standing out with its ease of use and intuitive design. Navigating through the app feels seamless, making it a breeze for both novice and experienced bettors to find their preferred sports and place wagers." - diswilhelm, April 2025, 5-Star App Store Review
"I’m so impressed with Novig. I was initially having issues linking my bank and bummed there weren’t other options to buy Novig cash. The amazing thing about Novig is you truly don’t have to make a purchase to play." - ToothlessMickey, January 2025, 5-Star App Store Review
"Good app. A little sluggish at times though." - Jeff Vitale, September 2025, 4-Star Google Play Store Review
Novig Payment Methods
Banking with Novig is a little different but not complicated. Since it uses virtual currency, here’s how purchases and prize redemptions work:
Deposits and Purchases
There technically aren't deposits at Novig, but you can make purchases of Novig Coins that come with Novig Cash bonuses:
- Buy Novig Coin bundles ranging from $5 to $1,000
- Most bundles include bonus Novig Cash (promo code may apply)
- Accepted payment methods: Visa, Mastercard, Bank Transfer
Prize Redemptions
Instead of withdrawals at Novig, you can redeem Novig Cash for real money prizes:
- Requires at least 20 Novig Cash
- Can be redeemed for real cash via bank transfer (Trustly)
- Novig Coins are not redeemable for real money prizes
No hidden fees on purchases. Taxes may apply to winnings over $600.
Pros and Cons of Novig Sports
Novig brings an alternative to traditional sports betting, but it's not without its faults. Below is a well-balanced look at the pros and cons of Novig Sports.
| ✅ Pros | ❌ Cons |
|---|---|
| No "house": you set or take the odds | Fewer payment methods than traditional books |
| Real-money prizes through Novig Cash | Smaller selection of niche markets |
| Available in many U.S. states via a social sweepstakes model | Mobile-only (no desktop support yet) |
| Excellent mobile app | |
| Strong welcome bonus | |
| Wide range of ongoing promotions |
Tips for Getting the Most Out of Your Novig Promo Code
Once you’ve used the promo code ACTION to get the welcome bonus, here are a few ways to get the most value out of Novig:
- Use Novig Coins to get familiar with the platform in a low-risk way
- Save your Novig Cash for sweepstakes entries that could lead to real prizes
- Log in daily for bonus rewards
- Refer friends for easy Novig Cash
- Check out all challenges and sport-specific promos
Even if you are in a state with traditional legal sports betting, Novig is worth a look and is a standout pick amongst social sports betting platforms.
Responsible Gaming at Novig
Just because you are using virtual currency doesn't mean problem gambling can't develop. Even though Novig uses virtual currency, responsible gaming remains a top priority. That's why you should:
- Set deposit and time limits in-app
- Access educational tools in the Responsible Gaming section
- Pause or restrict your account if needed
The goal is long-term, enjoyable play, not chasing losses.
Novig Customer Service
Novig provides full-service customer support across:
- Live Chat
- Phone
Novig provides its existing players with excellent customer service through three distinct channels. From my experience, response times are quick, and the staff is always knowledgeable and helpful. From your new user bonus and qualifying purchase tied to promo code ACTION, to daily login bonuses and other promo issues, the Novig customer service team can help sort things out.
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Novig Promo Code FAQs
