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Novig review

Updated September 28, 2026 · WagerCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Novig suits adults who want to back and lay US sports on a peer-to-peer contract exchange rather than a fixed-odds book. Its minimum deposit of $10 sits above the €8.77 site median, and it is closed to accounts in NV, AZ and MI.

Key facts

Best for
Adults trading sports markets peer to peer in the US with a bank transfer or Venmo to hand.
Welcome offer
Get $25 Trade Credits on $10+ first deposit↗
Regulators
Commodity Futures Trading Commission (CFTC), designated contract market↗
Minimum deposit
$10↗
Payment methods
Bank transfer, Debit Card, Venmo↗
Sports markets
Professional Football, College Football, Professional Baseball, Men's Basketball, Women's Basketball, College Basketball, Professional Hockey, Golf, Tennis, MMA↗
Cash out
Yes↗
ID checks
Required↗
Maximum bonus
$25↗
Sportsbook type
Exchange↗
Legal entity
Ludlow Exchange, LLC↗
Headquarters
United States↗
Support channels
Help-centre, Community↗
Features
Mobile app
Pricing model
Welcome bonus
Official website
novig.us

Prediction markets

Fee model
Peer-to-peer contract exchange, CFTC-regulated; taker-only fee = coefficient x price x (1 - price) x contracts (0.03 live, 0.06 futures, 0.10 parlay), maker fee $0 and no fee on pre-game straights↗
States
NV, AZ, MI↗
Market types
Sports↗

Sweepstakes casinos

Restricted states
NV, AZ, MI↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
XLinkedIndiscord.gg

Pros and cons

Pros

  • Regulated as a designated contract market by Commodity Futures Trading Commission (CFTC), designated contract market, so the venue is a federal market rather than a private sportsbook.
  • Cash out is available, and mobile app covers a mobile app for placing orders on the move.
  • Taker fees scale with price and stake, maker fees cost nothing and pre-game straights carry no fee.
  • $10 is low enough for a first exchange account, and Bank transfer, Debit Card and Venmo includes Venmo for faster funding.

Cons

  • NV, AZ and MI are blocked, so an account in those states cannot be opened.
  • The exchange model fills Professional Football, College Football and Professional Baseball only for members who want to lay, unlike a fixed-odds book.
  • Support runs on help centre and community, so a query about a fill goes through a help centre or community rather than a person.
  • required identity checks are required, which slows a first deposit compared with a threshold check.
Novig

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Scored 8.8 / 10 by WagerCue.

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Who it suits

  • Adults who already understand backing and laying and want to set their own prices on Professional Football, College Football and Professional Baseball
  • US bettors who prefer a federal designated contract market to a state sportsbook
  • Anyone comparing exchange fees against a fixed-odds margin

Who should look elsewhere

  • Readers in NV, AZ and MI, who cannot hold an account
  • Adults who want a guaranteed fixed price on a selection, since a exchange fills depend on members setting the price
  • Readers who want a totalbet, Betclic PL or Synot Tip SK welcome offer rather than trade credits

Where you can play

Novig is a US platform, and its coverage is narrower than that of a typical state sportsbook. The service is not open in NV, AZ and MI, which means residents of those states cannot open an account or place a position. Everywhere else in the country, an adult can register and trade the US sports listed on the site. The exchange model matters for coverage: members trade against each other, so a market needs enough interest on the other side before it opens properly. A thin league can be harder to back or lay than the same league at a fixed-odds book.

Licence and safety

Novig trades through Ludlow Exchange, LLC, a US company, and holds Commodity Futures Trading Commission (CFTC), designated contract market. That means the contracts are traded in a federal designated contract market rather than under a state gambling commission, so the regulatory framework is a commodities market with its own rules, dispute process and position reporting. A designated contract market listing is not the same licence as a state sportsbook licence, and readers who care about the distinction should weigh it before depositing. On the customer side, required identity verification before trading. There is no gambling chargeback route of the kind a state-licensed sportsbook offers, because these are futures contracts, so a complaint goes through the exchange rather than a state regulator.

Payments and withdrawal times

Funding runs through Bank transfer, Debit Card and Venmo, so an account can be topped up by bank transfer or debit card as well as by Venmo, which is quicker for small amounts. The minimum deposit is $10, compared with a €8.77 median across the brands listed here, and Novig sits at 41 of 89 brands on that measure, so the entry point sits in the upper part of the range. Withdrawal speed follows the method used: a bank transfer takes the usual clearing time, and an exchange member withdrawing a large balance from a winning position may need to split it across methods. A minimum deposit of this size suits a first small position rather than a large opening trade.

Games and markets

The market list covers Professional Football, College Football and Professional Baseball. This is a US menu built around the major domestic leagues and the headline international events, and it is sports only: sports lists sport and nothing else, with no political, economic or crypto markets. Cash out is available, which lets a member close a position before the event resolves rather than holding to the finish. Because Novig runs as an exchange, the price is set by members taking the other side, so a market can sit unmatched while a bookmaker would simply quote it. The trade-off is price control against availability.

The company behind it

The operating entity is Ludlow Exchange, LLC, headquartered in the United States. It is a US company trading US contracts under Commodity Futures Trading Commission (CFTC), designated contract market, so corporate details, jurisdiction and the regulatory route all sit in the same country as the customer. Support runs on help centre and community, which means questions are answered through a help centre or a community board. For an exchange, that distinction carries more weight than at a fixed-odds book, because disputes tend to concern a fill, a voided market or a position limit. A member who wants a phone line or a live chat for a trading query will not find one listed here.

How Novig compares

Where Novig is available

Available
United States
Licence in United States
Commodity Futures Trading Commission (CFTC), designated contract market, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is Novig and how is it different from a sportsbook?+

Novig operates as a exchange, where members back and lay against each other instead of betting against a bookmaker. Prices come from members, so a market can be hard to fill when interest is thin. Its market list is sports, meaning sport only with no politics or crypto trading.

Which regulator licenses Novig?+

Novig holds Commodity Futures Trading Commission (CFTC), designated contract market. That is a federal commodities framework for futures contracts, not a state gambling commission, so the customer relationship is with a designated contract market. Disputes are handled under that framework rather than through a state gambling regulator.

What is the minimum deposit at Novig?+

The minimum deposit is $10. That compares with a €8.77 median across the brands listed on this page, and Novig ranks at 41 of 89 brands on minimum deposit, placing it above the middle of the range.

Which states are blocked on Novig?+

Novig cannot be used in NV, AZ and MI. Residents of those states cannot open an account or trade. The block is a state-level eligibility decision, so a member who moves to a permitted state would need to re-check eligibility before depositing.

Does Novig need identity verification?+

Yes, required identity checks are part of joining. This is the most common approach in the sportsbook set, with 72.3% as the typical share, so expect to submit documents before your first trade clears rather than after.

How do I deposit and withdraw on Novig?+

Deposits and withdrawals run through Bank transfer, Debit Card and Venmo. Venmo is the quickest option for smaller amounts, while a bank transfer is the standard route for larger balances and takes the usual clearing time. The minimum first deposit is $10.

Does Novig have a mobile app?+

Novig lists mobile app, so betting can be managed from a phone. About 67.1% of brands on this site also offer an app, which puts Novig in the mainstream group rather than the small exchange minority at 3.8%.

What is the Novig welcome offer and what are the wagering conditions?+

The offer is Get $25 Trade Credits on $10+ first deposit, and the bonus is worth $25 in trade credits. Any wagering conditions on the credit are set out in the new member deposit programme terms, so read those before treating the credit as withdrawable cash.

How do I contact Novig support?+

Support runs on help centre and community, which is a help centre and a community rather than a phone line or live chat. On this site only 37.9% of brands offer phone support, so a member with an urgent question about a fill may have to wait.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Withdrawal time.

Novig

Novig

Adults trading sports markets peer to peer in the US with a bank transfer or Venmo to hand.

8.8/10See alternatives