Novig, a prediction market platform focused on sports, is offering new users $50 in Novig coins upon signing up and spending $5 with the promo code NYPOST. The platform operates in over 30 U.S. locations, including states like California, Texas, and Florida.
To claim the bonus, new users must create an account on the Novig platform, input the promo code "NYPOST" during signup, and verify their account details, including date of birth and phone number. Novig coins can be used for free play but are not redeemable for cash, distinguishing them from Novig cash, which can be cashed out.
Novig is regulated by the CFTC and operates as a peer-to-peer trading market. Users can trade on various sports markets, including the NFL, NBA, MLB, NHL, WNBA, UFC, college sports, tennis, golf, and soccer. The platform offers standard markets such as moneylines, spreads, and totals, as well as more specific options like player props and futures.
Platform Features and Availability
One of Novig's advertised features is the absence of a 'vig' on trades, which are typically present in traditional sportsbooks. The platform allows for live, in-game trading and offers early payouts if users hedge their bets by securing value on both sides of a trade.
Novig has been in operation since June of the current year. It is available to users in Alaska, Arkansas, California, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Minnesota, Missouri, Nebraska, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Texas, Vermont, Virginia, Washington D.C., Wisconsin, and Wyoming. Players must be 21 years or older and U.S. residents.
Deposits, Withdrawals, and User Experience
Users can deposit funds using credit/debit cards, Apple Pay, Google Pay, Aeropay, Trustly, or stablecoins via Coinflow. Standard payment methods may incur fees, while discount methods do not. To withdraw funds, users must redeem Novig cash, not Novig coins, and ensure all trades are settled and playthrough requirements are met.
Withdrawals can take up to 24-48 hours if manual review is required, but can be processed within minutes otherwise. Daily withdrawal limits are generally $10,000, with Florida having a $5,000 limit. Multiple withdrawals are permitted as long as they do not exceed the daily limit.
Existing User Promotions
For existing users, Novig offers parlay boost tokens on various sports, allowing profit boosts for eligible three-leg parlays with odds of +300 or longer. The platform also has a refer-a-friend program where both the referrer and the referred friend can receive $25 in Novig cash, provided the new user verifies their account and makes a purchase of at least $25.
According to the Apple App Store, Novig has a 4.7-star rating from nearly 3,000 reviews, while the Google Play Store shows a 3.4-star rating from 776 reviews. Some user feedback points to issues such as a lack of injury protection for players during games and account flagging for maintenance.