Novig Fees Overview
- Fee Structure: Novig does not charge trading fees; instead, it earns revenue through the sale of virtual currency.
- Key Benefit: A no-fee, user-powered marketplace that can provide superior odds, with added support from market seeding during low liquidity periods.
Deposit & Withdrawal Methods
Payout Speed
Up to 48 hours
Novig Pricing & Fees
Novig’s pricing differs from traditional sportsbooks, as it lacks a built-in house edge or a fixed vig/juice.
Instead of a bookmaker setting the line, Novig’s odds come directly from what users are willing to “make” and “take” in a peer-to-peer order-driven market.
When liquidity is sufficient, this often results in noticeably better odds than those from FanDuel, BetMGM, and other mainstream sportsbooks.
Novig also doesn’t charge trading fees the way Kalshi, Polymarket, or Crypto.com do. Novig generates revenue through the sale of virtual currency.
Users create and accept bets by choosing to “make” or “take” odds, with pricing driven entirely by market participation.
Make means you post the price you want and wait for another user to take the other side of the bet at that number.
Take means you accept a price that is already available in the market, so you’re betting at odds another user has already posted.
During periods of lower liquidity, Novig can also “seed” the market by placing its own Make orders or taking on a bit of risk to keep trading active.
How Novig Fees Compare to Other Prediction Markets
Here’s how Novig's pricing structure compares with other prediction market platforms.
| Platform | Fee Model | Fees |
|---|---|---|
| Kalshi | Probability-based maker/taker fee | $0.0007 to $0.0175 per contract for taker orders and $0.000175 to $0.004375 per contract for maker orders |
| Polymarket | Formula-based trading fee | contracts × price × (1 − price). Taker fees range from about $0.0005 to $0.0125 per contract. Maker orders have no fees |
| OG | Flat per-contract fee | $0.02 per contract |
| Novig | No-fee model | No fees |
| Crypto.com | Contract-based fee | $1 contracts: $0.02 to open or close early, with no fee if held to a win. $10 contracts: $0.20 to open or close, reduced to $0.10 on a winning settlement |
| ProphetX | Commission on winnings | 2% commission on winning bets |
| Underdog | Flat per-contract fee | $0.02 per contract |
| Fanatics Markets | Per-contract fee | $0.0034 to $0.02 per contract, depending on contract price |
| Sporttrade | Profit-based commission | 2% on net profit |
| Robinhood | Per-contract fee | $0.02 per contract, with $0.01 paid to Robinhood and $0.01 paid to Kalshi |
| PrizePicks | Per-contract fee | $0.005 to $0.02 per contract |
| FanDuel Predict | Payout-based commission | 2% on potential payout |
| DraftKings Predictions | Flat per-contract fee | $0.02 per contract |
| PredictIt | Profit-based fee | 10% on profits from winning trades |
Our Other Novig Guides
