Novig
Sports prediction exchange running its own CFTC-approved DCM
Counted from Novig's own trade tape — every executed trade, not a reported total. This is the only venue on the site whose volume is measured rather than claimed. Notional and open interest are $1-payout contracts, so they are already USD. Handle is cash actually staked. Trades are counted from TAKER rows, one per trade. Fees are not included in either figure. Average price across the window is 34.8¢, which is why notional and handle differ by roughly 3x.
Baseball and parlays are 80% of the venue. NFL is 2.6% here and will not stay there — this window is one August. Parlay economics, and how they compare with Kalshi's combos, are on /combos.
Open interest swings up to 9x on consecutive days ($1.07M to $9.96M) while volume barely moves. Almost certainly an artefact of daily-settling baseball markets reporting zero on settlement day rather than a real position series. Shown for completeness, not yet trusted.
Novig began publishing 2026-08-03; nothing earlier exists (older dates 403). Fifteen days of one August is too short for seasonality, and baseball is 45% of it — so no annualised figure is published here. Source: https://data.novig.com/reporting/trade-data — the venue's own daily trade tape.
| Date | Round | Amount | Valuation | Investors | |
|---|---|---|---|---|---|
| Feb 2026 | Series B | $75.0M | — | Pantera Capital | Reported |
| Aug 2025 | Series A | $18.0M | — | — | Reported |
| Aug 2023 | Seed | $6.4M | — | — | Reported |
| Sep 2022 | Seed | $6.0M | — | — | Reported |