Grade: B
Novig is a sweepstakes-based sports prediction exchange from Novig Sweeps LLC — a New York startup founded in 2021 and backed by Y Combinator, Lux Capital, Joe Montana, Paul Graham, and CapitalX — launched in 2024. The platform operates on a peer-to-peer exchange model — players trade predictions directly against one another rather than against a house, with no commission on matched bets. Novig uses two virtual currencies: Novig Coins (free play, non-redeemable) and Novig Cash (sweepstakes currency redeemable at 1:1 USD). The platform covers 8 sports and 13 leagues including NFL, NBA, NHL, MLB, NCAAF, NCAAB, UFC, WNBA, MLS, PGA, ATP, and WTA, with 25 total market types including moneylines, spreads, parlays, props, and user-created custom odds. Available to players 21+ in 30+ U.S. states via iOS and Android apps. In early 2026, Novig raised a $75 million Series B, and in June 2026 it secured CFTC designation as a Designated Contract Market (DCM) — making it a federally regulated prediction market cleared to operate across all 50 states. A nationwide rollout is expected in summer 2026, transitioning the platform from the sweepstakes model to a fully regulated exchange. We expect this to be a smooth, player-positive evolution rather than a disruption.
Novig does not currently have a Trustpilot profile, which limits third-party review data. The iOS App Store rating is approximately 4.8/5 from 2,000+ reviews — a strong signal of player satisfaction with the mobile experience. One independent review outlet rates Novig at 80/100, citing its generous bonus structure, innovative exchange mechanics, and strong customer support. Expert reviewers consistently praise the sleek mobile interface, low redemption threshold, and the genuine free-to-play model. Redemptions are notably fast — frequently clearing within minutes and, in our hands-on experience, consistently honored without friction. The December 2025 voided bets incident — in which Novig proactively acknowledged the issue and paid out affected players — was handled transparently and reflects well on the operator. The platform is not without criticism: limited payment options and the mobile-only orientation are recurring friction points.
Novig Sweeps LLC was founded by Harvard alumni Jacob Fortinsky and Kelechi Ukah, and backed through Y Combinator and a seed round from prominent investors. The company launched in 2024 after an earlier stint as a licensed real-money sportsbook in Colorado, which it exited after approximately four months to pivot to the sweepstakes model nationally. In December 2025, Novig proactively acknowledged a delayed voiding issue on certain bets and paid out affected players — a transparent accountability response that stands out positively in the sweepstakes space. In early 2026, the company raised $75 million in Series B funding, and in June 2026 it secured CFTC designation as a Designated Contract Market — clearing the path to transition from sweepstakes to a fully federally regulated exchange, with a nationwide rollout expected that summer. Novig's payout track record has been excellent in our experience: redemptions are consistently honored, frequently within minutes, and SweepsGuard has not received any complaints against the operator. Novig is the company's sole product and its sole operational focus.
This is one of the strongest options in the space and an easy recommendation. Novig is the leading sports prediction offering in the sweepstakes market — a genuinely innovative exchange model with no house edge, a very low redemption threshold, strong institutional backing, fast and reliable payouts, and responsive multi-channel support. Its June 2026 CFTC designation as a federally regulated Designated Contract Market is a major credibility milestone, and we do not anticipate any disruption to players as the platform transitions; we fully expect player balances and redemptions to be honored throughout. The absence of a Trustpilot profile is a minor gap worth watching as the platform scales, and players should note that Novig is sports-only, mobile-only, and restricted in more states than most competitors. Those with unresolved issues are welcome to submit a complaint to SweepsGuard.
Last updated: June 24, 2026
Player-tracked redemptions: 90 of 90 paid, typically within ~0 days.
SweepsGuard grades Novig B based on player complaints, operator conduct, and redemption reliability. That grade is our independent assessment, not a guarantee — always review the site's own terms and check its complaint history before depositing.
Novig's current SweepsGuard grade is B, as of June 24, 2026. SweepsGuard grades range from A (strong and reliable) to F (blacklisted).
You can file a free complaint against Novig using SweepsGuard's complaint form at sweepsguard.com/submit-complaint. Submit your dispute with documentation and SweepsGuard mediates it with the operator, then publishes the outcome to Novig's public record.