The leading sports prediction market, Novig, announced the launch of its federally regulated sports prediction market across the United States.
Growing access to its sports-native prediction market, the company offers a range of enhanced trading capabilities, while continuing its growth and expansion.
The launch of Novig’s sports prediction market follows its designation from the U.S. Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM).
Currently, the company is recognized as the fastest-growing sports prediction market in America, considering it has surpassed $6bn in trading volume.
Ahead of its nationwide launch, Novig announced an agreement with Eventus, tapping into the company’s surveillance solution.
This milestone alliance helps protect against manipulation and inside activity, while ensuring the protection of the consumers.
Not only does Novig operate within the established regulations as a platform under federal oversight, but it also features enhanced safeguards that promote responsible participation and protect market integrity.
Jacob Fortinsky, Novig’s co-founder and CEO, spoke with excitement about the latest sports prediction market launch across the United States, Casino Guru News learned from a press release.
"For too long, sports fans have had limited ways to engage with the markets they know best," he said.
Moreover, Fortinsky pointed out: "They are among the most passionate and informed communities in the world, yet they've never had a platform truly built around how they think, engage, and trade."
He added that Novig’s goal not only addresses such challenges but offers sports fans a best trading platform for sports, setting a new standard for how a "modern sports prediction market should be."
According to Fortinsky, key aspects of Novig’s leadership include a transparent, trustworthy, and compliance platform that safeguards the participants and protects the integrity of the market.
He outlined that the Novig has a 21+ age requirement and continuously invests in market surveillance and other safeguards that are incredibly important.
Finally, Fortinsky recognized that the nationwide launch marks a major step forward in the expansion of Novig, which will be able to reach more users than ever before.
Image credit: Pixabay.com
