Novig Review: Unique Social Sportsbook with Many Sports Betting Options

Novig started life as a free-to-play social sportsbook, but it isn’t one anymore. In 2026, Novig became a CFTC-regulated sports prediction market, and it’s now available to US users aged 21+ in 47 states and Washington, D.C. The “no-vig” name still says it all: instead of betting against a house that builds a margin into its odds, you trade sports event contracts directly with other users. Novig Coins and Novig Cash have been retired, and the platform now runs on real money that you deposit and withdraw.

There is a wide range of sports and contract types, including spreads, moneylines, totals, props and parlays. We tested the new exchange to see how it works, what it costs and how it compares, so if you want to know what’s changed and how to get started, check out this detailed Novig review.

Novig Overview

Is There a Welcome Bonus and How Do I Register for a Novig Account?

When starting this Novig review, we found that new users can deposit $10 and get $25 in Novig Trade Credits. Trade Credits let you take positions on eligible contracts without using your own balance, and any profit from a credit-funded trade becomes regular account funds.

Novig sign-up offer: Deposit $10, Get $25 in Novig Trade Credits. Available to new Novig members aged 21+ who are physically located in an eligible US jurisdiction, complete identity verification, and deposit at least $10. Novig is unavailable while physically located in AZ, MI, or NV. Credits expire after 30 days, are non-withdrawable, and cannot be combined with other promotions. Credits are issued in set amounts and must each be used in full on a single eligible trade. T&Cs apply.

Unlike the old sweepstakes model, there’s no free starting balance and no refills. The welcome offer is the main way to get started without risking the full amount of your own money, so use the credits within 30 days.

Novig

/5

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Pros

• Only $10 deposit required
• Five flexible $5 trade credits
• No additional playthrough requirement

Cons

• Credits expire after 30 days
• Credits cannot be withdrawn directly
• Unavailable in Arizona, Michigan, Nevada

Available to new Novig members aged 21+ who are physically located in an eligible US jurisdiction, complete identity verification, and deposit at least $10. Novig is unavailable while physically located in AZ, MI, or NV. Credits expire after 30 days, are non-withdrawable, and cannot be combined with other promotions.

Additional Novig Offers

Novig Points – An opt-in monthly rewards program. You move up tiers (Starter, Bronze, Silver, Gold, Ruby and Obsidian) by trading during the month, and higher tiers unlock rewards such as Trade Credits, deposit matches and a share of a monthly Trade Credit pool. Points reset on the first of each month, and rewards must be claimed and used within 7 days.

Maker Credits – When your resting order is filled on eligible live or futures markets, Novig pays back part of the taker fee to you as cash.

The daily login bonus, challenge rewards, monthly Novig Cash contests and mail-in requests from the sweepstakes era no longer exist.

Novig Registration Process

When compiling information for this Novig review, we found these are the steps to take to open an account.

1. Download the Novig app from the App Store or Google Play, or go to the Novig website.
2. Click Sign Up.
3. Register through your Google or Apple account, or by email.
4. Enter information such as your full name, home address, date of birth and SSN, and confirm that you are at least 21 years of age.
5. Complete identity verification. You may need to upload a government-issued ID and a document such as a recent bank statement or utility bill.
6. Deposit at least $10 to trigger the sign-up offer, then claim your Trade Credits and start trading.

Novig checks your location each time you trade, so you must be physically in an eligible state, not just a resident of one.

There is a monthly loyalty program, Novig Points, which replaces the old “no VIP program” setup. There’s also a public leaderboard, Novig Ranks, where you can see the top traders over 7 days, 30 days or all time, filtered by sport. There are no prizes for the leaderboard, and you can opt out.

Novig Sports Prediction Market – Sports Covered

In this Novig review, we discovered that most of the sports covered are the top pro leagues in the United States. So, you will see many trading options for the NFL, NBA, MLB, NHL and WNBA, and Novig also covers college football and basketball, soccer, UFC, boxing, and PGA Tour golf. Outside US sports, the biggest options are the men’s and women’s pro tennis tours of the ATP and the WTA.

Novig is sports-only. Unlike some prediction markets, it doesn’t list contracts on politics, economics, crypto or entertainment.

How Does the Novig Prediction Market Work?

Once your account is open and funded, you pick the sport you want and find all of the available markets. In this Novig review, we found that the market types will feel familiar if you’ve used a sportsbook: spreads, moneylines, totals, parlays, futures, and both player and team props.

The difference is who’s on the other side. Novig runs an order book, so every trade is matched against another user rather than the house. Prices are shown in cents (for example, 60¢), with odds shown alongside. A contract pays $1 if your side wins and nothing if it loses, so a 60¢ contract that settles in your favor returns $1.

You can trade in two ways:

• Take an existing price for an instant fill.
• Make your own price and wait for another user to match it. If nobody does, you can cancel the order at no cost.

Pre-game straight trades carry no fee for either side. Live trades, eligible futures and parlays carry a small taker fee that’s built into the price you see, and makers on live and futures markets get part of that fee back as Maker Credits. Fees have changed several times in 2026, so check Novig’s fee page for current rates.

Live, in-game trading is now available, which wasn’t the case under the old sweepstakes model.

What are a Couple of Unique Aspects of Novig?

You can request custom lines. If you want a spread or total that isn’t listed, you can set it, and if another user accepts, it goes live. If nobody accepts, nothing is charged and the request lapses.

One of the most unique aspects is still the one in the name: Novig doesn’t build a margin into prices, so you’re trading at the price other users agree to, with no house edge on pre-game straight trades. Novig also says it doesn’t limit winning accounts, which is a common complaint about traditional sportsbooks.

Is Novig Safe and Secure?

This Novig review found the platform to be a safe and secure place to trade, using SSL encryption and standard identity verification. Novig is no longer a sweepstakes product. Its exchange, Ludlow Exchange, LLC, was designated a contract market by the Commodity Futures Trading Commission (CFTC) on June 16, 2026, and the regulated exchange launched on August 4, 2026.

That federal oversight is a big step up from the sweepstakes model. Some states dispute whether sports event contracts should fall under state gambling law instead, and Novig is currently in legal disputes with several states over this. Availability can change, so check Novig’s state list before you sign up.

Novig Payment Methods

Under the old model, you needed 20 Novig Cash to redeem. Now, you deposit and withdraw real money, and the minimum withdrawal is $10.

Most withdrawals are processed within minutes, but some go through a manual compliance review, usually within 24 hours and occasionally up to 48 hours at busy times. Novig issues a Form 1099 for taxable net trading profits above IRS reporting thresholds.

Responsible Trading at Novig

Prediction markets involve real money, so set limits before you start. Novig offers time-outs from one day to six months, daily, weekly or monthly deposit and order-size limits, permanent account closure through support, and self-exclusion.

If trading stops feeling like entertainment, call or text 1-800-GAMBLER or visit the National Council on Problem Gambling (ncpgambling.org) for free, confidential support.

Novig

/5

Get $25

Deposit $10, Get $25 in Novig Trade Credits

Click to copy Copied TOFFEEWEB

Claim Bonus!

See pros

Read review

Pros

• Only $10 deposit required
• Five flexible $5 trade credits
• No additional playthrough requirement

Cons

• Credits expire after 30 days
• Credits cannot be withdrawn directly
• Unavailable in Arizona, Michigan, Nevada

Available to new Novig members aged 21+ who are physically located in an eligible US jurisdiction, complete identity verification, and deposit at least $10. Novig is unavailable while physically located in AZ, MI, or NV. Credits expire after 30 days, are non-withdrawable, and cannot be combined with other promotions.

Conclusion & Rating of Novig

When it comes down to it, Novig is a solid option for sports fans who want sharper prices than a typical sportsbook. The move to a CFTC-regulated exchange makes it a very different product from the free-to-play app we first reviewed, with real-money trading, live markets and fast withdrawals. It covers all of the major US sports leagues with a good variety of contract types.

We liked what we saw when we tested the new exchange, which is why we gave it a 4.3 out of 5 in this Novig review.

Pros

• No fees on pre-game straight trades
• CFTC-regulated, available in 47 states + DC
• Fast withdrawals, $10 minimum
• Live trading and custom-line requests
• iOS, Android and desktop

Cons

• Fees on live trades, futures and parlays
• Not available in AZ, MI or NV
• Card and Apple Pay deposits carry a fee
• Sports only, no other contract categories
• Ongoing legal disputes in some states

Alternatives to Novig

If you want a prediction market that also covers politics, economics or entertainment, Kalshi and Polymarket are the biggest alternatives, and ProphetX is another sports-focused exchange. If you preferred Novig’s old free-to-play setup, social sportsbooks such as Thrillzz and Rebet still use a coins-based model. If you are not convinced, we recommend you check our Crown Coins Casino analysis.

Novig Review FAQS