Novig Prediction Markets Review: Is Novig Legit for Event Trading?

Facts

Sign up and deposit $10 for $50 in Trade Credits

Novig offers a market-leading welcome bonus for new traders. This offer is simple: register, verify your account, deposit $10, and receive $50 in Trade Credits. When you’re signing up, the site will ask for your name, date of birth, phone number, and SSN. From there, it may also ask you to upload an ID document before approving your verification.

Once you’re in, you can link your payment method and fund your account with $10 or more to claim your bonus. You’ll need a Novig prediction markets promo code to get the offer. Worry not, as you can find this code on the banners of this page. This bonus doesn’t require trading your deposit; you get the bonus immediately after funding your account.

The $50 welcome bonus comes as five Trade Credits of $10 each. You can only use one per trade, so you can’t enter a position with more than a $10 share of the bonus. No playthrough requirement applies to the Trade Credits. So, when you enter a position using your Trade Credits and the prediction is correct, you can withdraw the return directly.

Trade on the website or mobile apps

The site combines all you’d typically expect to see on a prediction market site with traditional sports elements. It uses a mostly black color scheme with blue accents that contrast nicely. The sidebar shows which Novig sports prediction markets are available, and you can select one to see the associated event contracts. A carousel of featured sports markets is also affixed to the top of the site to quickly get you into action.

Novig has mobile apps for Android and iOS devices, which you’d have to get to trade on the go. You can sign up using your phone’s browser, but it’d have you download the app to start trading.

Keep Novig close on your phone

Follow live action on desktop at Novig

Submit your details and complete a brief ID check to join

Signing up for Novig isn’t much different from joining other prediction market sites. The site collects your details, verifies your contact information, and takes you through a brief ID check. Here’s how you sign up:

1. Open the website using the banners on this page and click “Sign Up”.

2. Enter your email address or use the social sign-on options (Google or Apple).

3. Create a password to secure your account and select “Continue”.

Read more about Novig Prediction

Novig Welcome Bonus: How to Get $50 When You Deposit $10

4. Follow the on-screen instructions to verify your email.

5. Accept the Novig legal agreements to continue signing up.

6. Enter the requested details to verify your account.

You may have to upload some ID to verify your account. Novig’s standard requirements include your address, date of birth, and the last digits of your SSN. However, some traders may have to upload a photo ID or driver’s license before a successful verification. The verification should work instantly if you’re eligible.

Novig offers ‘just sports’ predictions for traders in the US

Preview the featured markets at Novig

Stay connected to major leagues at Novig

Novig comes with a unique selling point: ‘just sports’. The site plasters the phrase on so many marketing materials that its core offering is unmistakable. It follows up the messaging with a prediction market site built purposefully for sports fans.

For starters, the site exclusively features sports prediction markets. The left sidebar lists the leagues it covers: basketball, football, hockey, tennis, mixed martial arts, and many more. There are quite a few, but it’s not a massive collection. I noticed a US lean, so sports popular among American fans are more likely to make it onto the site.

However, it doesn’t exclusively carry US sports. It covers F1 and NASCAR, for example, as well as all five top European leagues.

If you’re looking to predict niche sports leagues in obscure countries, you may find the site a bit wanting. It’s more for US sports fans looking to back their favorite sports teams as they enjoy the game. Adding a few more sports and leagues would elevate its offerings, but it remains functional for its target audience.

Deposit and withdraw with quick and secure payment methods

Novig deposits are of two types: standard and discount pricing deposits. The difference between them is the fees. Standard pricing deposits include credit card, debit card, and Apple Pay. Those deposit methods come with a 3% fee, which is the standard processing cost from the site’s payment processors.

On the other hand, depositing through bank transfers or crypto bypasses the standard Novig fees. These are the discount-priced deposit methods. The site’s cashier section shows these fees clearly, so you know which is which before funding your account. Apple Pay and bank cards come with a 3% fee, but bank transfers and crypto deposits have no attached fee.

You can accept Novig payouts using Venmo, debit cards, and bank transfers. The site lets you cash out your settled deposits, provided you meet the $10 threshold. There’s no trading requirement for withdrawals, so you can theoretically deposit, wait for your deposit to settle, and withdraw it right back.

Novig usually processes payouts automatically, which means you should receive your funds within minutes. However, your funds may sometimes be held for manual review, which may take up to 24 to 48 hours. Note that this processing time is on the site’s end. You’ll still have to wait for your payment processor to deposit the funds in your account.

Access 24/7 customer support via live chat and email

You can reach out to customer support via live chat to receive help with the prediction market site. The live chat is both available on the website and mobile app. However, it’s buried deep inside your account settings on the desktop, and it actually took me a minute to find.

I expected a simple floating live chat button on the bottom right for accessibility. On the bright side, the live chat is open 24/7, so I received instant responses for all my test queries during my review.

There are other ways to reach Novig’s support. You can check the Help Center for frequently asked questions or use the customer support email for general queries. The Help Center consists of several categories, including payments, account management, and promotions. It also comes with a search bar you can use to find frequently asked questions.

Novig is legit and secure for US traders

Novig is a prediction market site, so it’s kinda like Kalshi, but for sports. This model isn’t new in the United States; prediction markets operate nationwide under the Commodity Futures Trading Commission (CFTC). Novig, particularly, is available in all US states excluding Arizona, Connecticut, Hawaii, Massachusetts, Maryland, Michigan, Missouri, Nevada, New York, Ohio, Utah, and Washington. The site checks your location each time you log in and locks you out if you’re in an excluded state.

Plus, you’ll need to meet the minimum Novig age requirement of 21 to trade. The prediction market site confirms your age by matching your supplied date of birth to your details from your SSN. I also had to enable specific security features to trade. For one, the site forced me to set up multi-factor authentication. It was initially inconvenient, but it helps keep the site secure and prevent unauthorized access.

Collect referral rewards and qualify for exclusive benefits through the points program

Novig has two bonuses outside its standard welcome offer: the referral bonus and the points program. Here’s how they work:

Novig referral bonus – Invite other traders for up to $25 Referral Credits

You can collect up to $25 worth of Referral Credits when you invite new traders to Novig. To qualify, you first copy your link from Novig’s referral page. Then, you share it with friends who also trade on sports prediction markets. When someone signs up using your link and deposits $10 or more, you receive $5 Referral Credits. Remember, they also get the $50 Trade Credits under the standard welcome offer, so it’s win-win.

Referral Credits work like the Trade Credits I described earlier, except they expire if you don’t use them in seven days. Also, you can only collect up to $25 Referral Credits. You stop receiving bonuses after five referrals.

Novig points program – Accumulate points to activate exclusive benefits every month

Every month, Novig publishes rewards and prize pools for traders on the points program. It’s a tiered loyalty system, where a higher tier equals better rewards. Since every trader on a specific tier receives the applicable reward, the prize per player is usually small, like a $10 deposit match bonus. I’d pick that over nothing; prediction market sites with a VIP program are rare enough already.

Conclusion – Predict just sports with numerous incentives

Novig’s ‘just sports’ mantra has an audience, but would that audience be satisfied with its offerings? With the site’s modest sports coverage, that’s debatable, but it at least has decent bonuses for a prediction market site. From a flat $50 sign-up bonus to doling out monthly loyalty rewards, the bonuses easily beat my expectations.

I still can’t help but wish the coverage was a bit wider. It could also be that Novig’s only targeting the average US sports fan predicting their home team’s next game. In that case, the prediction market site is decent. It even features mobile apps that make it more convenient to trade on the go. You can click the banners here on this page to sign up and start trading if Novig works for you.

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Novig review FAQs

1. 📱 Is there a Novig mobile app?

   Yes, you can get the Novig app for Android and iOS devices.

2. ⚽ Can you predict the Premier League on the site?

   Yes, the site accepts predictions on Europe’s top five leagues, including the English Premier League.

3. 👶 What’s the minimum age requirement for Novig?

   Traders must be 21+ to trade. The site verifies traders’ age during registration.