Novig Promo Code FOXSPORTS Unlocks Deposit $10, Get $25 in Trade Credits

The Novig promo code FOXSPORTS unlocks a deposit $10, get $25 in Trade Credits welcome offer for new users on the sports prediction market. Novig runs as a peer-to-peer exchange, so every trade is matched against another user rather than priced by a house. New traders who register with promo code FOXSPORTS and fund an account with at least $10 receive $25 in Trade Credits. Novig relaunched in August 2026 as a federally regulated exchange operated by Ludlow Exchange, LLC, which holds a Designated Contract Market designation from the Commodity Futures Trading Commission. That federal framework is why the platform is live in 47 states plus Washington, D.C., including California, Texas and Florida, where traditional online sportsbooks are not an option. Novig is sports only, with no political, economic or pop culture markets, and it carries a 21 and over age requirement that is stricter than most prediction market platforms. Below is how the welcome offer works, what the Trade Credits can be applied to, and where Novig is available. What Is the Latest Novig Promo Code for October 2026? The current Novig promo code is FOXSPORTS. New users who register with the code and make a first deposit of at least $10 receive $25 in Trade Credits. This page may contain affiliate links to legal sports betting and prediction market partners. If you sign up or place a trade, FOX Sports may be compensated. Read more about Sports Betting on FOX Sports. Novig Promo Code FOXSPORTS Details The $25 arrives as five separate $5 Trade Credits rather than one lump sum. Each credit has to be applied in full to a single straight trade, so credits cannot be split across positions, stacked on one position or combined with another promotion. Credits also cannot be attached to a Make Order, which means they only work when you take a price already sitting in the market. Contracts have to be priced at $0.60 or lower for a credit to apply, which rules out heavy favorites and pushes the credits toward closer markets. All five credits expire 30 days after they are issued, so the offer works best for traders who plan to be active in the first month. New users can claim the deposit $10, get $25 in Trade Credits offer with promo code FOXSPORTS. Novig Promo Code Terms and Conditions How to Claim the Novig Welcome Offer What Is Novig? Novig is a sports prediction market where users trade event contracts against each other. Instead of betting into a line set by a sportsbook, traders buy and sell yes or no contracts priced between $0.00 and $1.00, with the price reflecting the market's view of how likely that outcome is. The company launched in 2024 as a sweepstakes platform and moved to a federally regulated model in 2026. Its exchange entity, Ludlow Exchange, LLC, received a Designated Contract Market designation from the Commodity Futures Trading Commission in June 2026, and the regulated app went live on August 4, 2026. Existing users were required to accept the new exchange agreements before they could continue trading. The name points at the business model. A sportsbook builds a margin, known as the vig, into both sides of a line. Novig takes no position in the market and charges fees on matched trades instead, which is why prices on the exchange can sit closer to true probability than a sportsbook line on the same game. Novig has also pushed hard on sports partnerships. It became the first prediction market to sign with an MLB club through a multi-year deal with the New York Mets, and it is an MLB authorized prediction market, which gives it access to official league data for settling markets. How Novig Prediction Markets Work Every Novig market is a yes or no question tied to a verifiable sports outcome. Contracts settle at $1.00 if the outcome happens and $0.00 if it does not, and the price you pay is the cost of taking that position. Contract Pricing A contract priced at $0.60 implies a 60 percent chance of the outcome. Buy that contract and a correct call returns $1.00, a profit of $0.40 per contract. A contract at $0.35 implies a 35 percent chance and returns $0.65 in profit if it settles at $1.00. Take Orders and Make Orders Taking an order means accepting a price another trader has already posted, which fills instantly when liquidity is there. Making an order means posting your own price and waiting for someone to match it, which can get you a better number but may never fill. Welcome offer Trade Credits only work on Take Orders. Combination Contracts Novig supports combination contracts, which bundle several legs into a single position that only pays if every leg hits. The structure is the exchange version of a parlay, with the combined price reflecting the probability of all legs landing together. Selling Before Settlement Positions can be sold back into the market before an event finishes. If the price moves in your favor during a game, you can exit for a profit rather than waiting for settlement, and you can cut a position that has moved against you. What You Can Trade on Novig? Novig is sports only. There are no political, economic, weather or entertainment markets on the platform, which is a deliberate difference from the broader exchanges. Sports coverage runs across the major North American leagues and the biggest international events, so traders following NFL odds can find the same games they would at a sportsbook. Leagues Covered Market Types Where Is Novig Legal in the United States Novig operates under federal oversight from the Commodity Futures Trading Commission rather than under state gaming law, which is why it reaches far more of the country than a licensed sportsbook does. Eligibility is decided by where you are physically located when you trade, not by your state of residence, and the app checks location at sign up and at every trade. The federal structure is the reason Novig is live in states with no legal online sportsbook at all. Traders in California and Texas can use the platform, and so can traders in Florida, where retail and online betting run through a single operator. Fully regulated betting states such as New York and Pennsylvania are eligible as well. For a wider view of which platforms are available in the two biggest prediction market states, see our guides to the best prediction markets in Texas and Florida. Novig Deposits, Withdrawals and Fees Novig has no withdrawal fees and no withdrawal minimum. Deposit fees depend on the method, with online bank transfers free and card and wallet deposits carrying a processing fee. Because the exchange takes no vig, Novig earns on trading fees applied to matched orders. Those fees are charged on the trade itself rather than being priced into the line, which is the core difference between exchange pricing and sportsbook pricing. Novig vs. Traditional Sportsbooks Novig can look like a betting app on the surface, but the mechanics underneath are different. You are trading with other users at prices they help set, and the platform is regulated as a derivatives exchange rather than as a sportsbook. Traders who want both options can run an exchange account alongside a sportsbook account and price shop between them. Our guides to the best sports betting apps and the latest sportsbook promos cover the licensed operators available in each state. Novig Points Rewards Program Novig Points is the platform's loyalty program and the closest thing it offers to an ongoing promotion for existing users. Points earned through trading activity set your tier and your share of a monthly prize pool, which has run into six figures since the regulated relaunch. The program sits in its own tab in the app, with sections for tracking points, completing challenges and reviewing how points are earned. There is no separate promo code for existing users. Novig App Review Novig was built app first and only added a desktop platform later, so the mobile experience is the more complete one. The home screen leads with the biggest games of the day, search pulls up individual events quickly, and the order interface makes it simple to switch between taking a price and posting one. Novig Pros and Cons Pros Cons Other Prediction Markets to Consider Novig is one of several federally regulated platforms offering sports event contracts. Welcome offers and market coverage change often, so compare current terms before signing up anywhere. Responsible Trading Event contract trading carries real financial risk and is not appropriate for everyone. Trade only what you can afford to lose, and use the tools below if trading stops feeling like entertainment. Novig also builds responsible trading controls into every account. Available settings include Time Out, trading limits, deposit limits, order limits and permanent account closure, and limits can be requested through in app support. Restrictions and eligibility requirements apply. Participants must be 21 or older and physically located in an eligible state. Event contract trading involves a risk of loss and is not suitable for all traders. Novig Promo Code FAQs What is the Novig promo code? The Novig promo code is FOXSPORTS. New users who enter the code during registration and deposit at least $10 receive $25 in Trade Credits. The code has to be entered at sign up, it cannot be added to an account after registration. What is the Novig welcome offer? Deposit $10 and get $25 in Trade Credits. The credits arrive as five separate $5 credits, each applied in full to a single straight trade on a contract priced at $0.60 or lower, and they expire 30 days after being issued. Is Novig legal in my state? Novig is available in 47 states plus Washington, D.C. It is not available in Arizona, Michigan or Nevada. Eligibility is based on where you are physically located when you trade, so the app is the final word on whether you can open an account. How old do you have to be to use Novig? You must be 21 or older. That is stricter than most prediction market platforms, which set the minimum at 18, so traders between 18 and 20 who are eligible elsewhere will not be able to register with Novig. Is Novig real money? Yes. Novig moved off its sweepstakes model in August 2026 and now runs as a real money exchange through Ludlow Exchange, LLC, a Designated Contract Market regulated by the Commodity Futures Trading Commission. How is Novig different from a sportsbook? A sportsbook sets the odds and takes the other side of your bet, with a margin built into the price. Novig matches you against another trader and charges a fee on the matched trade instead, and positions can be sold back into the market before an event settles. Do Novig Trade Credits expire? Yes. Trade Credits expire 30 days after they are issued. They also cannot be withdrawn, split across trades, applied to Make Orders or used on contracts priced above $0.60. Is there a Novig promo code for existing users? No. Novig does not run a promo code for existing accounts. Ongoing value comes through Novig Points, the loyalty program that awards a share of a monthly prize pool based on trading activity.