Novig’s event contracts are now available to players over the age of 21 across the United States
Novig is now live across the United States as a CFTC-registered designated contract market.
This week’s nationwide launch marks Novig’s transition to a full prediction market platform, having initially launched in 2022 as a betting exchange before briefly serving as a licensed online sportsbook in Colorado.
In 2024, Novig launched nationwide in the United States as a sweepstakes sportsbook and went on to secure CFTC approval as a designated contract market in June.
“For too long, sports fans have had limited ways to engage with the markets they know best,” said Novig co-founder and chief executive Jacob Fortinsky. “They are among the most passionate and informed communities in the world, yet they’ve never had a platform truly built around how they think, engage, and trade.
“We built Novig to change that, not only by creating the best place to trade sports, but by setting the standard for what a modern sports prediction market should be. That has meant building with trust, transparency, and responsible participation at the center, including maintaining a 21+ age requirement and investing in the compliance, market surveillance, and safeguards needed to scale responsibly. This launch is a major step toward bringing that vision to more users than ever before.”
Novig says it has already surpassed $6 billion in cumulative trading volume through its prediction market platform.