Home › Polymarket vs Novig
Facts checked September 24, 2026 against each platform's own pages, filings and news reports · numbered sources below
Novig is a CFTC-regulated prediction market for sports: its exchange, Ludlow Exchange, LLC, was designated a contract market on June 16, 2026, and Novig launched nationwide on August 4, 2026 [1][2][3]. It is open to users 21 and older everywhere in the US except Arizona, Nevada and Michigan, and it charges only takers, with no fee on pre-game straight trades [4][5][6]. Polymarket serves US residents through Polymarket US, its own CFTC-regulated exchange, with politics, crypto and more besides sports [7].
| Polymarket | Novig | |
|---|---|---|
| Who runs it | Two products: the international Polymarket.com, and Polymarket US, operated by QCX LLC [8][9] | Novig; the exchange is Ludlow Exchange, LLC and trades clear through Bitnomial Clearinghouse, LLC [1][21] |
| Regulation | Polymarket.com says it is not regulated by the CFTC; Polymarket US is a CFTC designated contract market and clearing organization [8][7] | CFTC designated contract market since June 16, 2026; in February 2026 Novig still described itself as a sweepstakes-based sports market [1][2][22] |
| Who can use it | Polymarket.com is blocked in 39 countries, including the US, UK, France and Germany; US residents use the separate Polymarket US app (18+, identity check) [10][11][9] | 21 and older, anywhere in the US except Arizona, Nevada and Michigan, checked by device location; identity check with name, date of birth, address and the last four SSN digits [4][5][23] |
| Money | Polymarket.com: pUSD, a token backed 1:1 by USDC on Polygon; Polymarket US: US dollars [12][7] | Funded by bank transfer, stablecoins or cards; paid out by bank transfer, debit card or Venmo [24][25] |
| Trading fees | Polymarket.com: takers pay shares x rate x p x (1-p), with a rate from 0 (geopolitics) to 0.07 (crypto); Polymarket US: takers pay 0.0695 x contracts x p x (1-p) and makers get a rebate [13][14] | Takers only: coefficient x price x (1 - price) x contracts; pre-game straight trades free, live 0.03, futures 0.06, parlays 0.10 (built into the price); makers pay $0 [6] |
| Deposits and withdrawals | Polymarket.com: crypto deposits from several chains, no Polymarket fee; Polymarket US: card or ACH up to $50,000 a day, wire from $1,000, free withdrawals [15][13][16][17] | Bank transfers and crypto deposits free, card and Apple Pay deposits 3%; withdrawals from $10 with no play-through requirement [24][25] |
| Limits | Polymarket US sets no trading size limits [18] | Not stated in the documents we checked |
| Markets | Politics, sports, crypto, economics, culture, weather, tech and more [7][13] | Sports only: pro and college football, baseball, men's and women's pro and college basketball, hockey, golf, tennis and MMA [4] |
| How markets settle | Polymarket.com: UMA optimistic oracle with a 2-hour challenge window and a UMA vote on disputes; Polymarket US: the exchange applies each market's listed sources [19][20] | On official league or governing-body results, usually within an hour of the end; contracts that would be void can settle at a 'Fair Value Price' set by the day after expiry [26][27] |
All current prices: Polymarket odds today · fees on a real order: Polymarket fee calculator · where Polymarket is available
Novig says it is available nationwide except in Arizona, Nevada and Michigan, based on where you are when you trade. It restricted New Jersey from August 15, 2025 after the state banned sweepstakes, and in August 2026 it sued New York's attorney general and gaming commission, arguing that federal CFTC rules pre-empt state gambling law. [5][28][29]
Novig charges only takers: nothing on pre-game straight trades and coefficient x price x (1 - price) per contract on live (0.03), futures (0.06) and parlay (0.10) trades. Polymarket US charges takers 0.0695 x contracts x p x (1-p) and pays makers a rebate. [6][14]
Novig describes itself as a CFTC-regulated prediction market where users buy and sell event contracts on sports outcomes, under federal commodities law rather than state sweepstakes or sports-betting law. [4]
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