Novig is a CFTC-regulated prediction market for sports. Instead of placing sportsbook-style bets, you buy and sell event contracts — real-money contracts whose value is tied to the outcome of a sporting event (for example, "Team A wins" or "Player X hits a home run").

Contract prices move between $0 and $1 and reflect the market's live estimate of the probability that an outcome will happen. You can buy a contract expecting its price to rise, sell to lock in a gain or cut a loss, or hold to settlement, when winning contracts pay out $1 and losing contracts pay out $0. See "How are contract prices determined?" for more on how pricing works, and "How is a contract settled and verified?" for how outcomes are graded.

Novig operates under federal commodities law, regulated by the Commodity Futures Trading Commission (CFTC), rather than under state sweepstakes or sports betting law.

Is Novig a sportsbook?

No. Novig operates a CFTC-regulated exchange for event contracts on sports outcomes. This is a federally regulated derivatives market, distinct from state-licensed sports betting.

Do I need to fund my account to trade?

Yes. Trading on Novig uses real money. You'll need to deposit funds before placing your first trade.

Is Novig available in my state?

Novig is available nationwide, except in Arizona, Nevada, and Michigan.

What's the minimum age to trade?

You must be 21 or older to open and operate a Novig account.

What sports can I trade on?

Novig currently offers contracts on NFL, NCAAF, MLB, NBA, WNBA, NCAAM, NCAAW, NHL, PGA Golf, WTA/ATP Tennis, and UFC. Depending on the time of year, not all sports may be available.

How is this different from placing a bet?

With a bet, you agree to fixed odds set by a bookmaker. On Novig, prices are set by the market — by what other traders are willing to pay — and can move before the event starts or while it's live. You can also exit a position early by selling, rather than waiting for the event to resolve.

What happened to Novig Cash and Novig Coins?

Both currencies are retired; all activity now runs through a single real-money account. Any remaining Novig Cash balance was converted to USD, and your account balance now shows in USD.