There is no longer a Novig sportsbook to review in the traditional sense.
Novig launched in Colorado in January 2024 with familiar sports-betting markets including moneylines, spreads and totals. However, the sportsbook lasted only a few months and closed on April 30, 2024.
The company subsequently moved to a sweepstakes-style platform before making another major transition in 2026.
Today, Novig operates a sports prediction market rather than a conventional sportsbook. Users buy and sell event contracts instead of placing fixed-odds wagers against the house.
Novig Sportsbook Status
|
|
|---|
Sportsbook status | Closed |
Launched | January 2024 |
Closed | April 2024 |
Available in | Colorado |
Original product | Regulated sportsbook |
Current Novig product | Sports prediction market |
What Happened to the Novig Sportsbook?
Novig's original goal was to build a peer-to-peer sports betting exchange where users could trade against one another.
Its initial Colorado product, however, operated more like a conventional sportsbook. Novig ultimately decided to close that version of the platform and pursue a different model.
The company's history can be summarized simply:
Period | Novig Product |
|---|
January–April 2024 | Colorado sportsbook |
2024–2026 | Sweepstakes-style sports platform |
August 2026–present | Sports prediction market |
That means older articles referring to Novig as a sportsbook, sweepstakes sportsbook, Novig Cash or Novig Coins may no longer describe the product available today.
What Replaced the Novig Sportsbook?
Novig first replaced its sportsbook with a sweepstakes-style platform using Novig Coins and Novig Cash.
That model has now been retired as well.
In 2026, Novig transitioned to a real-money prediction market operating through Ludlow Exchange, LLC. The Commodity Futures Trading Commission designated Ludlow Exchange as a Designated Contract Market (DCM) on June 16, 2026.
Novig launched the new version of its sports prediction market in August.
Novig Sportsbook vs. Novig Today
The current platform still looks familiar to sports bettors because Novig remains heavily focused on sports.
Users can find markets tied to moneylines, spreads, totals, player props, futures and live events. The underlying structure, however, is different.
Feature | Old Novig Sportsbook | Novig Today |
|---|
Product | Sportsbook | Prediction market |
Regulation | State sportsbook regulation | CFTC framework |
How it works | Place wagers | Trade contracts |
Pricing | Sportsbook prices | Market-driven prices |
Current? | No | Yes |
A contract generally trades between $0 and $1 and settles at $1 if the selected outcome occurs or $0 if it does not.
Our Prediction Markets vs. Sports Betting guide explains the differences in more detail.
Can You Still Bet at Novig?
You can still take positions on sporting events at Novig, but you are no longer making a traditional sportsbook bet.
Novig now describes itself as a sports prediction market, and the current product operates through a federally regulated exchange structure.
For current information about markets, fees, deposits, legal availability and promotions, see our complete Novig Prediction Market Review.
Does Novig Still Have a Sportsbook Bonus?
No current Novig promotion should be described as a sportsbook bonus, because the sportsbook itself no longer operates.
Novig does offer promotions for its prediction-market product, including Trade Credits for eligible new users.
We cover the current offer and its terms on our Novig prediction-market page.
