Novig Deploys CFTC-Approved Sports Prediction Market Platform Across the United States
TL;DR — Novig launched its CFTC-regulated sports prediction market nationwide after obtaining DCM status. The platform adds instant live trading, liquidity improvements, surveillance tools, and a 21-year minimum age. Cumulative volume has passed $6 billion following a $75 million raise that lifted total funding above $100 million.
SCCG Take — Federal DCM approval distinguishes prediction markets from state betting regimes and sets a compliance baseline that may influence how other platforms seek scale.
Novig has launched its sports prediction market on a nationwide basis after securing Designated Contract Market status from the U.S. Commodity Futures Trading Commission. The rollout brings the platform under federal oversight and introduces a series of upgrades intended to improve trading conditions for users.
The platform now supports instant live trading along with deeper liquidity, improved market quality, and additional payment options. Novig stated that these changes produce a faster and more efficient sports trading experience. The company also put in place market surveillance together with protections against market manipulation and insider activity plus compliance steps to protect participants.
Novig maintains a minimum age requirement of 21 years and presents itself as the only sports prediction market to do so. It frames the platform as an alternative to traditional sports betting that removes unfair odds and limits on successful players.
Executive Perspective and Market Position
“Sports fans have had limited ways to engage with the markets they know best,” said Jacob Fortinsky, co-founder and CEO of Novig. “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.” Fortinsky added that the company was built to change that by setting the standard for a modern sports prediction market with trust, transparency, and responsible participation at the center.
Novig has surpassed $6 billion in cumulative trading volume, which it identifies as the fastest growth rate among sports prediction markets in the United States. The company expects the nationwide availability to accelerate adoption while continuing to build liquidity and market efficiency.
Regulatory Path and Capital Raises
Established in 2021, Novig first operated as a sweepstakes sportsbook. It developed an in-house trading team to support peer-to-peer exchange before moving into prediction markets. The firm filed for regulatory approval with the CFTC in January and closed a $75 million funding round one month later. The latest investment brought the company’s total capital raised since September 2025 to more than $100 million. As reported by Yogonet International, the sequence reflects a deliberate shift toward a federally regulated model.
Reporting: Yogonet International
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Federal DCM status gives Novig nationwide reach without state licensing headaches — a regulatory path worth watching closely.
We've watched prediction markets dance around state betting laws for years. Novig just leapfrogged that entire mess with CFTC approval — federal oversight, nationwide access, no 38-state licensing marathon. Six billion in volume and $100 million raised says the capital markets believe this model works. This is a new compliance playbook.
- CFTC DCM status enables nationwide launch under federal oversight, bypassing state-by-state licensing
- $6 billion cumulative volume; $75M raise in February brought total funding past $100M
- 21+ age floor, live trading, surveillance tools position platform as regulated alternative to traditional sportsbooks
SCCG angle: SCCG has been in the regulatory trenches across every U.S. market and internationally. We help clients evaluate whether the CFTC prediction market route fits their product roadmap, capital structure, and risk appetite — and connect them to the legal, tech, and capital partners who've actually done it.