Novig rolls out commission-free sports betting app in Colorado

The first commission-free, high-frequency sports betting exchange, Novig, confirmed the debut of its innovative application for customers in Colorado. On Thursday, the company revealed that its revolutionary commission-free sports betting app launched in the state.

A statement released by Novig explains that until the company receives approval for exchange wagering by Colorado's five-member regulatory body appointed by the Governor, the Colorado Limited Gaming Commission (CLGC), it will operate as an online sports betting operator and not an exchange.

There's plenty of action available for customers in The Centennial State via the new application. Novig's revolutionary platform lacks the fees applicable for traditional sportsbooks, offering a money-saving, reliable and effective way of wagering on sports. Currently, the platform generates revenue from charging professional bettors as well as market makers. This allows the innovative platform to eliminate the fees applicable for everyday bettors.

Using Novig, Colorado customers can wager on sports, including NBA, NFL, NCAAF, NCAAB, as well as MLB. The company confirmed it plans to expand its sports markets with the addition of soccer and tennis in the months ahead. Additionally, Novig anticipates offering parlays, futures and player props for different competitions.

Jacob Fortinsky, Novig's CEO, was excited about the launch of the company's commission-free sports betting app in Colorado. "Novig is committed to delivering a seamless and cost-effective platform that enhances the enjoyment of sports betting," he explained. Finally, Fortinsky outlined: "Using Novig really should be a no-brainer for sports bettors: we're offering the same betting experience users are accustomed to, but better prices, faster in-game trading, more transparency, and a number of innovative features like liquidity screens, position tracking, and partial cash outs."

Founded in 2021, Novig seeks to offer the best odds and experience for sports bettors by eliminating the need for traditional sportsbooks and serving as a commission-free sports betting exchange. This is achieved by allowing the users to bet against other users or the market instead of betting against the house. According to Novig, this revolutionary method is not only profitable but fair, efficient and guarantees supreme wagering experiences.

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