Novig Fees Overview
- Fee Structure: Novig charges a taker fee capped at around $0.0075 per contract, while makers pay nothing and can earn a credit for adding liquidity. Those are the lowest trading fees of any prediction market.
Deposit & Withdrawal Methods
Payout Speed
Up to 3 days
Novig Pricing & Fees
Novig is a peer-to-peer prediction market, so pricing comes directly from what users are willing to “make” and “take” rather than from a bookmaker setting the line
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 there's enough liquidity, this often produces noticeably better prices than what you'd get from mainstream sportsbooks like FanDuel or BetMGM.
Since moving to a real-money model, Novig charges trading fees, but they're among the lowest around.
Takers pay a price-weighted fee that caps at around $0.0075 per contract, calculated as 0.03 × P × (1−P), where P is the contract's price.
Makers, meanwhile, pay nothing and can earn a credit equal to up to half the taker fee for adding liquidity to the market.
Because the fee is price-weighted, what you pay depends on how the contract is priced. It reaches its highest point on even-money markets, where the contract is priced around $0.50 and the outcome is most uncertain, then shrinks toward zero as the price moves toward either extreme.
In plain terms, the closer a contract gets to a near-certain or near-impossible outcome, the less you pay to trade it.
You'll trade using one of two actions: Make or Take.
Make means you post the price you want and wait for another user to take the other side at that number.
Take means you accept a price that's already available, so you're trading at a price another user has already posted.
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 | Probability-weighted taker fee | Up to $0.0175 per contract |
| Novig | Price-weighted taker fee | Up to $0.0075 per contract (0.03 × P × (1−P)). Maker orders earn a credit, not a fee. |
| Crypto.com | Probability-weighted taker fee | Taker fees range from $0.01 to $0.0175 per contract. Maker orders have no fees. |
| ProphetX | Commission on winnings | 2% commission on winning trades |
| Underdog | Flat per-contract fee | $0.02 per contract |
| Fanatics Markets | Price-weighted fee | $0.0034 to $0.0275 per contract. |
| 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 |
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