Novig

Novig is a peer-to-peer sports prediction market platform currently available in 36 US states. It differs from other prediction market platforms, as it operates as a sweepstakes site that allows users to make picks with Novig Coins and Novig Cash, not real money. We’re breaking down how it works in our Novig review.

What Is Novig?

Founded in 2021, the company launched in Colorado in January 2024 as a commission-free, or “no-vig,” sports betting app. It was backed by high-profile investors, including NFL great Joe Montana, and partnered with Bronco Billy's Casino in Cripple Creek, CO, to offer a “first-of-its-kind” sports betting product.

Novig ceased its Colorado operations three months later, but its story didn’t end there. It has since expanded into 36 other US states, plus Washington, DC.

This isn’t a real money platform in the same way as the likes of FanDuel or DraftKings Predictions. Instead, it uses a sweepstakes model. Traders place bets with Novig’s own in-house tokens called Novig Coins and Novig Cash rather than real money. 

You can choose to use either one to make predictions. Novig Coins have no actual value, so they are better for casual players. Novig Cash can be redeemed for cash prizes.

As a peer-to-peer exchange, Novig lets users wager against one another rather than the house. It allows users to propose markets and betting odds or accept those proposed by others.

Is Novig Legit and Secure?

Novig is a legitimate sports prediction market platform. It is not licensed by state regulatory agencies or federally regulated by the Commodity Futures Trading Commission (CFTC). However, because it uses a sweepstakes model, it operates legally in 36 states. 

The only states it isn’t available in are Alabama, Arizona, California, Colorado, Connecticut, Idaho, Louisiana, Michigan, Montana, Nevada, New Jersey, New York, Tennessee, and Washington.

It’s worth noting that Novig has applied for a Designated Contract Market (DCM) license with the CFTC in January 2026. The platform hopes to operate as a federally regulated exchange eventually.

In the meantime, the company focuses on delivering a secure platform that follows sweepstakes regulations. It relies on high-level SSL encryption and two-factor authentication (2FA) to safeguard users’ personal information and accounts. Full KYC is required before you can redeem any cash prizes. 

How to Sign Up and Get Started

Before learning how to use Novig, you must register for an account by taking these steps:

1. Visit the Novig website or download its app: Head to Novig’s site or the App Store or Google Play Store.
2. Create an account: Enter your email address, create a password, and verify your email and mobile phone number.
3. Enter a promo code: Novig automatically generates a code, which you can click to claim a welcome bonus.
4. Verify your identity: Provide your personal information and let Novig verify it.
5. Explore markets: Check out available markets.
6. Make a deposit: Use an accepted deposit method to add funds.
7. Place your first wager: Predict an upcoming event’s outcome.

The markets at Novig are pretty varied. Many options relate to the outcome of basic events, like whether Team A or Team B will win a game. Others will be more outside-the-box.

Here is an example:

“Will the jersey # of the 1st TD scorer be above 10.5?”

• YES: -151
• NO: +125

In this instance, picking YES and investing 100 Novig Coins or Novig Cash would yield a return of 166.11 Coins or Cash. Picking NO would yield a return of 224.71 Coins or Cash.

Available Markets and Event Types

Novig provides many sports markets and event types. Here’s an overview:

• Football (NFL, NCAAF)
• Basketball (NBA, NCAAB, NCAAW)
• Baseball (MLB)
• Hockey (NHL)
• Soccer (Premier League, Ligue 1, Serie A, La Liga, Bundesliga)
• Golf (PGA)
• MMA (UFC)

Novig doesn’t offer political, entertainment, or economic markets like other popular prediction market platforms. In general, the layout of the site feels more like a sportsbook.

Prediction markets like Kalshi or FanDuel usually let users buy and sell contracts priced between $0.01 and $1.00. In contrast, Novig provides odds that look similar to sportsbooks’ moneylines.

However, since it’s still a peer-to-peer platform, the odds for Novig’s markets change based on public opinion, just as they do on prediction market platforms.

Fees and Payouts: What Does It Cost?

Novig does not charge users fees or vigs. From the start, it has operated as a commission-free platform, with no hidden Novig fees.

Instead of charging users who place predictions, it charges market makers fees. This allows users to keep more of their profits.

Novig also makes money by allowing users to buy Novig Coins, which normally come with some free Novig Cash as a bonus. It’s not a requirement to play on the site, and you can also get both for free through promotions or by sending a written request via mail, as is the case with sweepstakes sites.

However, buying Novig Cash is the quickest way to top up your account, and it’s how the company primarily makes money. 

User Experience: Platform, App, and Interface

Novig is available on both desktop and via app, and both platforms look very similar. Both feature a minimal design, a slick blue-on-black colour scheme, and they’re both easy to navigate and exceptionally quick.

The layout is inspired by real money sportsbooks, with a menu of sports on one side, an “Order Slip” where the bet slip usually appears, and the most real estate on screen given to the markets and odds themselves.

If we had to pick one over the other in this Novig review, we would lean toward the app, which has a slightly cleaner appearance and less wasted space when exploring markets.

Customer Support

Novig offers several customer support options, including an app-only live chat, a support email, and a dedicated help centre.

We found the help centre more useful than anticipated, with lots of articles explaining how the site works. We also found that the live chat’s support agents typically respond within minutes and can answer most questions.

Deposits, Withdrawals, and Payment Methods

It’s not a requirement, but you can buy Novig Coins if you want to top up your free supply. You’ll get some Novig Cash included as a free bonus, too. 

Novig accepts many payment methods, including credit and debit cards, Apple Pay, Google Pay, Venmo, and bank transfers via Aeropay and Trustly. It has a minimum purchase of $5.

It’s worth remembering that the platform charges users more when using credit or debit cards, as well as Apple Pay and Google Pay. 

Check out the packages the platform offers and the discounted prices when buying coins, if you wish to purchase extra ones.

You can use either Novig Coins or Cash to make predictions, but only Novig Cash can be redeemed for cash prizes. You’ll need to win at least 20 Novig Cash to do so.

You can redeem Cash via debit card, bank transfer, or Venmo. Redemption requests may take anywhere from 1 hour via debit card or Venmo to 5 days via bank transfer. You may redeem a minimum of 20 and a maximum of 10,000 Cash daily

Final Thoughts: Who Should Use Novig?

If you live in a state without legalised sports betting, Novig makes a lot of sense. The sweepstakes model is a handy workaround that still means you can redeem real cash prizes. Novig is also ideal for casual sports fans who don’t want to win money, who can just use Novig Coins to make free social sports picks. 

It is also ideal for those interested in transitioning from sportsbooks to prediction market platforms. Its odds look like those found on sportsbooks, yet it employs a peer-to-peer model that removes the middleman from the markets, similar to prediction market platforms.

The company has shown ambitions to join the federally regulated world of true prediction markets, using real money instead of Novig Coins and Novig Cash. For now, the sweepstakes platform is a great alternative.