Novig has secured designation from the U.S. Commodity Futures Trading Commission as a Designated Contract Market, enabling the sports prediction platform to operate as a federally regulated exchange across all 50 states under a single regulatory regime.

This approval, described as one of the fastest of its kind, allows Novig to scale its sports trading marketplace nationally while subjecting it to exchange‑style safeguards, including enhanced surveillance, anti‑manipulation controls, and strict compliance standards.

Positioning itself as an exchange rather than a traditional sportsbook, Novig removes house‑set odds and betting limits, instead matching users directly so prices reflect real‑time supply and demand and returns flow between participants rather than against an operator.

The company, which has already processed more than $5 billion in cumulative volume, expects CFTC oversight to materially expand its addressable market, support deeper liquidity, and differentiate its model on transparency and fairness, as CEO Jacob Fortinsky emphasizes a strategy built on federal oversight, responsible participation, and a level playing field for sports traders.