Novig made one of the biggest moves in the prediction market space this year. On August 4, 2026, the platform shut down its sweepstakes sportsbook model entirely and relaunched as a fully regulated, peer-to-peer sports prediction exchange under federal oversight from the Commodity Futures Trading Commission. That means no more sweepstakes coins, no more Alternative Method of Entry mail-ins, and no more state-by-state gaming licenses. Novig now operates through Ludlow Exchange, LLC, a CFTC-designated contract market, putting it in the same regulatory category as commodities and futures exchanges rather than the patchwork of state gaming boards that govern traditional sportsbooks.
This guide covers the current Novig welcome offer, how deposits and trading credits work under the new prediction market structure, and what changed since the sweepstakes days. If you are deciding between platforms, also check our breakdown of every major prediction market app before you commit.
Bottom line: New Novig users who deposit at least $10 receive $25 in Trade Credits, delivered as five separate $5 credits. Each credit must be used in full on a single trade on contracts priced between $0.01 and $0.60, and any unused portion is forfeited; credits expire 30 days after issuance. Trade Credits cannot be withdrawn, but winnings generated from trades placed with them can be.
| Welcome Offer | Deposit $10, Get $25 in Trade Credits |
|---|---|
| Who Is Eligible | New users aged 21+ who are physically located in a state where Novig operates |
| Qualifying Requirement | Minimum deposit of $10 |
| Bonus Distribution | Five separate $5 Trade Credits; each credit is used in full on a single trade and any unused portion is forfeited |
| Bonus Bet Expiration | Each Trade Credit expires 30 days after it is issued |
| Offer Expiration | No stated expiration date found |
| Minimum Age | 21+ |
| Availability | Available in 47 states; not available in Arizona, Michigan, or Nevada; eligibility is based on physical location, not state of residence |
How to Claim the Novig Promo Code
Download the App
Get the Novig app from the Apple App Store (iOS) or Google Play (Android) and open the registration flow.
Create Your Account
Enter your full name, date of birth, address, email address, and Social Security number to build your trading profile.
Verify Your Identity
Complete Novig’s ID verification step before proceeding to fund your account.
Make a Qualifying Deposit
Deposit at least $10 using one of Novig’s available payment methods to trigger the welcome offer.
Receive Your Trade Credits
Your $25 bonus arrives as five separate $5 Trade Credits, each valid for 30 days from issuance.
Place Your Trades
Use each credit in full on a single eligible contract priced between $0.01 and $0.60; any unused portion of a credit is forfeited when you trade.
The Novig Welcome Offer
New users who sign up and make a qualifying deposit can currently claim a Deposit $10, Get $25 in Trade Credits offer. The $25 arrives as five separate $5 credits rather than one lump bonus. Each credit is used in full on a single trade and only applies to contracts priced between 1 cent and 60 cents. Any unused portion of a credit is forfeited once you use it, and each credit expires 30 days after it is issued, so plan to put them to work rather than letting them sit in your account.
This structure is different from the old sweepstakes welcome bonus, which handed out Novig Coins and Novig Cash with no purchase required. The new model requires a real cash deposit of at least $10 to activate the credits, which tracks with Novig’s shift to a fully regulated exchange where funds are traded for real money rather than sweepstakes currency.
How Deposits and Funding Work Now
Since the relaunch, Novig accepts funding through Aeropay, Trustly, Apple Pay, Google Pay, major credit and debit cards, and stablecoin deposits. There are no fees on bank transfer or stablecoin deposits, which keeps the cost of getting money onto the platform low compared to some competitors that charge card processing fees on every deposit.
Existing users who were active on the old sweepstakes version of Novig needed to authorize and install a new app update to make the switch. Anyone opening a fresh account today signs up directly into the CFTC-regulated exchange, with no sweepstakes step involved at any point.
Zero Fees on Straight Pregame Trades
The core value proposition that made Novig popular as a sweepstakes book carried over to the new prediction market version: no vig. All pregame straight trades on Novig remain completely free for both the person taking a price and the person setting one, whether you are a maker or a taker. That is the entire premise behind the platform’s name, and it did not change with the regulatory shift.
Fees only apply in two specific situations now that Novig operates as a real-money exchange. Live, in-game straight trades carry a fee for the taker only, calculated using a coefficient of 0.03. Parlays carry a fee built into the quoted price using a coefficient of 0.10. In both cases, the fee formula is the same: coefficient multiplied by price, multiplied by one minus price, multiplied by the number of contracts. Compared to the 8 to 10 percent margin baked into a typical -110 sportsbook line, even Novig’s parlay fee structure remains meaningfully cheaper.
Where Novig Operates Today
Novig’s relaunch brought it to 47 states on day one, a dramatically wider footprint than it had as a sweepstakes operator restricted by individual state gaming laws. The exchange is currently geofenced in Arizona, Michigan, and Nevada, where conflicts between CFTC federal authority and state gambling statutes remain unresolved. Some reports at launch also pointed to partial geofencing in parts of Washington state, though that has not been fully confirmed.
Because Novig is now federally regulated rather than state-licensed, eligibility is based on your physical location at the time you trade, not your state of residency. You must be at least 21 years old to open an account and trade, an age requirement that is stricter than many competing prediction market platforms and notable for an industry where 18+ has been more common.
What Happened to the Old Sweepstakes Perks
Novig’s previous sweepstakes model included features like automatic Coin refills when your balance dropped below 100, a mail-in Alternative Method of Entry for free Novig Cash, and a 20 Cash minimum for prize redemptions processed through Trustly. All of that structure is gone. There is no sweepstakes currency anymore, no AMOE, and no prize redemption threshold, because you are no longer playing with sweepstakes entries. You are trading real event contracts for real money on a federally designated exchange, and profits settle directly to your account rather than through a sweepstakes prize claim process.
If you are a longtime Novig user trying to understand what changed, the short version is this: the no-vig, peer-to-peer pricing model you liked is still here, but the legal and financial wrapper around it is completely different. You are now trading on the same kind of regulatory footing as a commodities exchange, not playing a sweepstakes game.
Is Novig Worth Signing Up For Right Now
Novig makes the most sense for sports bettors who understand what a vig actually costs them over time and want a platform where the pricing mechanics reward that knowledge. The zero-fee structure on straight pregame trades is still one of the most competitive offers in the entire prediction market space, sweepstakes or regulated. The ability to set your own price on a contract, rather than accepting whatever a bookmaker posts, gives sharper traders a real structural edge that does not exist at a traditional sportsbook.
The current $25 in trade credits for a $10 deposit is a reasonable entry point if you want to test the new exchange model without committing much capital. Just remember the credits expire in 30 days and only apply to lower-priced contracts, so use them on trades you have already researched rather than letting them sit unused.
Novig Promo Code FAQ
Is a promo code required to claim this offer?
No promo code is required — new users simply deposit at least $10 to automatically qualify for the $25 in Trade Credits.
Is this offer available in my state?
Novig’s welcome offer is available in 47 states, but is not available in Arizona, Michigan, or Nevada; eligibility is based on your physical location at the time of deposit, not your state of residence.
What happens if a trade placed with a Trade Credit loses?
Each $5 Trade Credit is used in full on a single trade, and if that trade loses, the credit is gone — there is no refund or replacement credit issued.
Can I withdraw my Trade Credits as cash?
Trade Credits themselves cannot be withdrawn, but any winnings you generate from trades placed with Trade Credits can be withdrawn.
What happens if I don’t use a Trade Credit before it expires?
Each Trade Credit expires 30 days after it is issued, and any unused credit — or any unused portion of a credit — is forfeited with no extension offered.
Are there any restrictions on which contracts I can use Trade Credits on?
Yes — each $5 Trade Credit must be used in full on a single trade, and the contract must be priced between $0.01 and $0.60.
Explore More
Compare Novig against the rest of the field before you commit your first deposit.
- Novig Prediction Market Review — Our full breakdown of how the new Novig exchange works.
- Best Prediction Market Apps 2026 — See how Novig stacks up against Kalshi, Polymarket, and the rest of the field.
- Prediction Market Fees Explained — A closer look at how trading fees work across major platforms.
- Are Prediction Markets Legal in the US? — Understand the CFTC framework that now governs Novig.
- Prediction Markets vs. Sports Betting — How trading event contracts differs from a traditional sportsbook wager.
- Prediction Market Promotions — Browse every current sign-up offer across the prediction market space.
21+. Must be physically located in an eligible state. Not available in Arizona, Michigan, or Nevada. See full terms at novig.com.
