Novig is a platform that functions as a peer-to-peer (P2P) sports prediction exchange. The architecture of the service allows users to place bets directly against each other, eliminating the traditional bookmaker model as a counterparty.Key principles of the platform:<ul><li>Trading mechanics: Participants have the opportunity to accept existing market odds or set their own odds for sporting events, waiting for a matching order from another user. No bookmaker margin is factored into the odds, and the platform's algorithms match opposing orders similar to financial exchanges.</li><li>Operating model: The platform operates under a sweepstakes legal framework. The internal economy is based on two virtual currencies: Novig Coins (free tokens with no real-world value) and Novig Cash (units that, upon successful predictions, can be converted into fiat currency).</li><li>Sports markets: The lines cover North American sports leagues (NFL, NBA, MLB, NHL, NCAA) and mixed martial arts (UFC). Standard markets are available for trading: moneylines, point spreads, totals, and player props.</li><li>Account policy: The platform's revenue model is built on liquidity and commissions, not on client losses, so the system does not engage in the practice of limiting accounts or banning users with consistently positive statistics.</li></ul>

February 18, 2026 - Novig has raised $75M in a Series B round.

Novig

Novig is a platform that functions as a peer-to-peer (P2P) sports prediction exchange.

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