Read a detailed Novig review to learn all the ins and outs of the popular sports prediction market platform, and claim a welcome bonus when you sign up using the links on this page. Novig is a legal prediction market with a focus on sports that is available to users throughout the United States. Rather than trading against the house, where users would pay a “vig” on their bets, Novig eliminates the house and has users trade each other in a peer-to-peer trading model.
Novig Review: Sign-up Bonus for May 2026
New customers can claim the Novig promo code MILE50, which unlocks an offer to spend $5, and get $50 in Novig Coins as a sign-up bonus. This Novig sign-up bonus rewards users with the app’s virtual currency that can be used in free-play to help them practice and gain an understanding of how to trade on prediction market platforms.
Is Novig Legit and Safe in the United States?
Novig is a legit prediction market platform regulated by the CFTC, meaning there is government oversight to make sure all market action, deposits, and withdrawals are fair and safe. This level of federal regulation makes the Novig app legally available in 40+ states. Adding another layer of safety and ease for its users, they use Trustly, a global “pay by bank” technology company, to handle banking transactions.
While prediction markets on Novig are regulated by the Commodity Futures Trading Commission (CFTC), they operate under sweepstakes laws. Under these laws, Novig is available to users 21 and older in over 40 states.
Which US States Support Novig? Availability Guide
Novig is available in over 40 states throughout the United States. The only states with laws that prohibit their sweepstakes model are Alabama, Colorado, Idaho, Louisiana, Michigan, Montana, Nevada, and Tennessee. In participating states, users must be over 21 years old to trade on the platform’s prediction markets.
What Welcome Bonuses and Promotions Does Novig Offer?
Novig offers new users a strong welcome bonus when they enter the Novig promo code MILE50 at sign-up. In order to claim the promotion, traders on Novig need to spend $5 to unlock $50 in Novig Coins. Customers should be aware that the $50 in Novig coins is not immediately available for withdrawal. There is a 1x rollover requirement on the new user bonus before it can be redeemed for cash rewards.
Novig also awards existing users with a daily login bonus, as well as a monthly prize pool bonus system. Users who log in to the app on five consecutive days will unlock 1 Novig Cash, with the daily login bonus maxing out at 10 Novig Cash for 25 consecutive days.
The Prize Pool is a recent addition that rewards users for various actions taken on the app. Traders can earn points by placing parlays, making orders, and completing daily and monthly challenges. As users accumulate points, they will move up in tiers, with those in higher tiers receiving a larger share of the prize pool.
Novig Coins vs Novig Cash: What’s the Difference?
Novig uses a dual-currency system on its prediction market platform with Novig Coins and Novig Cash.
Novig Coin
Users can purchase Novig Coins, which have no real-world value and are used for practice and entertainment, such as entering sweepstakes to win prizes. Novig Coins allow traders to learn how the prediction markets work and gain a better understanding of the mechanics without financial risk.
Novig Cash
Novig Cash can be redeemed for cash once users have gone through the play-through requirements. Traders can acquire Novig Cash as a free bonus when they purchase Novig Coin bundles or through free-to-enter contests. Once acquired, Novig Cash can be traded in sports prediction markets.
How to Buy Novig Coin Packages and Payment Methods
Novig allows users to buy Novig Coin packages from 5,000 Novig Coins for $5 up to $1,000,000 Novig Coins for $1,000. Each bundle tier comes with a corresponding Novig Cash bonus. Users who purchase the 100,000 package of Novig Coins will receive a $100 bonus in Novig Cash that can be used to trade on sports prediction markets.
Users have multiple options to make deposits on Novig, all of which offer no-fee deposits. Along with being able to complete deposits with Credit and Debit cards, users can also use:
- Apple Pay
- Google Pay
- Stable Coin
- Aeropay
- Trustly
How to Redeem Novig Cash for Real-Money Prizes
To redeem Novig Cash for real-money prizes, users must have at least 20 Novig Cash that have met the 1x playthrough requirement. The options for withdrawal vary slightly from the deposit methods:
- Credit cards
- Debit cards
- Aeropay
- Trustly
- Venmo
While Venmo and Trustly offer instant withdrawals, those using credit cards, debit cards, or Aeropay will have to wait 2-3 business days before their accounts will be credited. All of these options offer users free/no fee withdrawals.
Does Novig Have a Mobile App or Desktop Access?
Novig has both a mobile app and desktop access. Users with previous experience with online sportsbooks will find that the user interface is nearly identical, with a top bar featuring live sporting events, a menu to select specific sports, popular markets on the main page, and an order slip where they can see their orders or parlays. The biggest difference from a traditional sportsbook that users will find is that Novig allows them to switch between using Novig Coins for practice and Novig Cash to make trades on the prediction markets with a simple click of an icon. When the screen features gold accents, the user is in the Novig Coin mode, and when the accents turn light blue, the account is ready to use Novig Cash.
Which Sports and Markets Can You Predict on Novig?
Novig offers users a deep selection of sports prediction markets. Along with covering major markets like the NFL, NBA, NHL, and MLB, Novig also has markets on soccer, golf, mixed martial arts, men’s and women’s tennis, and occasional specialty markets, like one for the World Chess Championship.
Users can trade on much more than just the outcome of a game. Novig offers an extensive collection of markets for most games, with some matches featuring over 160 markets to choose from. The options will be very familiar to those who have experience with traditional online sportsbooks, as Novig offers prediction markets on the moneyline, spread, and total for a game. Users can also buy event contracts on who will make the first basket, player points totals, various defensive stats like blocks or steals, and first-half results. Novig is a strong option for sports-minded traders looking for a peer-to-peer trading platform.
What Are the Pros and Cons of Using Novig?
Users will find their overall experience with Novig to be largely positive; however, that is not to say there are no cons to the app.
Pros
- No vig pricing with its peer-to-peer trading model
- Transparent market pricing
- Available in over 40 states that allow sweepstakes
- Extensive sports prediction markets
- Strong bonuses for completing challenges
- Great UI/UX in both the app and the desktop site
Cons
- Redemption requirements on withdrawals
- Niche markets may have liquidity issues and smaller rewards.
- The dual-currency system can be a learning curve for new users.
How Good Is Novig’s customer support and Help Center?
Novig offers a few different options for customer support to help users through any issues they may encounter in the app or the desktop site.
- Live Chat: App users can access a Live Chat to talk to a representative immediately without ever having to leave the Novig app
- Email: Customers can email support@novig.co; however, the response will not be as fast as the Live Chat.
- Help Center: For those with simpler issues that may just require some troubleshooting, Novig has a comprehensive FAQ section that will answer most users’ questions.
- Discord: Customers can also access the Novig Discord to see if other traders are able to help answer any questions or problems.
The Help Section covers a wide range of general categories such as “Participation and Eligibility,” “Playing and Winning,” “Promotions and Rewards,” and many more topics. Each category can be expanded to answer specific questions players commonly ask about Novig.
Responsible Gambling Resources for Novig Players
Novig offers players several tools to be used as responsible gambling resources. Users can place themselves in a “time out” where their account will be suspended for a set period of time ranging from one day to six months. Customers can also request that their account be permanently closed by emailing support@novig.co. Along with suspending account activity, users can set daily, weekly, or monthly limits on both the amount they can purchase in the app and their Novig Cash orders.
To make these resources as accessible as possible, Novig allows customers to do this themselves through the “Account” tab, by talking to a representative in the Live Chat, or through a request email sent to support@novig.co.
Novig FAQs: Quick Answers to Common Questions
What is the Novig sign-up bonus?
New users can use the Novig promo code MILE50 to unlock a $50 in Novig Coins sign-up bonus after they spend their first $5 on Novig.
Does Novig have in-app promos and bonus offers?
Yes, Novig offers bonuses to users who sign in for a set number of consecutive days. They also offer prize pool rewards to users who achieve certain tiers by completing various challenges within the app.
Is Novig legal?
Novig is a legal prediction market platform that is regulated by the CFTC and operates across the country under its sweepstakes model.
What states is Novig available in?
Novig is legal in every state except Alabama, Colorado, Idaho, Louisiana, Michigan, Montana, Nevada, and Tennessee.
How old must users be to sign up for a Novig account?
In order to register an account on Novig, users must be at least 21 years old.
How is Novig different than traditional online sportsbooks?
Unlike a sportsbook that has users pay a fee, often called the vig, to the house, or operator, Novig does not take a cut off the users’ winnings. Rather than playing against the house, users trade against each other.
What is a peer-to-peer prediction market?
A peer-to-peer prediction market allows users to trade directly against other users on event contracts. Instead of having the bookmaker set the odds for a given market, the odds are dynamic and fluctuate as users buy more “yes” or “no” shares.
What are Novig Coins and Novig Cash?
Novig uses a dual-currency system where users can purchase Novig Coins and earn Novig Cash. Novig Coins can only be used for free-play to gain an understanding of how prediction markets work without financial risk. They can also be used to enter sweepstakes to win prizes. Novig Cash can be used to participate in prediction markets where users can win prizes with real-world value.
Are there real money prizes on Novig?
While users on Novig play with virtual currency, Novig Cash that has met its play-through requirement can be redeemed for real money prizes. Novig Coins, however, can not be redeemed for cash rewards.
How long do withdrawals take on Novig?
Users can experience varying withdrawal times depending on their preferred method. Those using Venmo or Trustly will be able to access their rewards instantly, while those using Aeropay, credit cards, or debit cards will have to wait 1-3 business days for the transaction to clear.