Prediction markets entrant Novig posts more than $125 million in trading volume during its first week
5 Articles
5 Articles
Prediction markets platform Novig posts over $125 million in trading volume in first week
Prediction markets platform Novig posts over $125 million in trading volume in first week Click this link for the original source of this article. Author: CNBC This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the...
Novig's Prediction Market Launch Beat Kalshi's. Its Legal Fight Is Just Starting
Novig’s opening week outpaced Kalshi and Polymarket’s own sports-market debuts, but the more interesting question is how many states let it keep operating. Novig launched nationwide as a federally regulated sports prediction market on 4 August, after the CFTC granted its Ludlow Exchange LLC subsidiary a Designated Contract Market status on 16 June. The platform processed more than $125 million in notional trading volume in its first week, exceed…
Novig, a platform of sports predictive markets, reported more than $125 million in turnover during its first week, surpassing the debut of Kalshi, Polymarket U.S., Underdog and DraftKings. However, the company faces lawsuits from several states accusing it of operating as an illegal gambling site, while a federal judge denied it a temporary restraining order. *** Novig: more than $125 million in notional volume in its first week of operations. S…
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