ProphetX vs Novig
ProphetX is a sports-only exchange where traders take positions against each other on game outcomes and parlays rather than against a house. Novig is a CFTC-designated, sports-only exchange where traders buy and sell contracts from each other on a peer-to-peer order book. Here is how the two compare on regulation, markets, fees and states, using what each venue publishes.
| Feature | ProphetX | Novig |
|---|---|---|
| What it is | Sports exchange, traders against each other | Sports exchange, peer-to-peer order book |
| Regulation | CFTC-designated contract market since June 2026 | CFTC-designated contract market since August 2026 |
| Markets | Sports only: game outcomes and parlays | Sports only: game lines, futures and multi-leg contracts |
| Fees | 2% of net gains per market on straight trades; parlays on their own fee schedule (read 2026-10-29) | No fee pregame; live fills and NFL/NCAAF/MLB/NBA/WNBA/NHL futures pay a taker fee of c Γ price Γ (1 β price) |
| States | Not verified by us (see below) | Every state except Arizona, Nevada and Michigan |
Fees, side by side
ProphetX charges a 2% trading fee on net gains per market on straight trades, so a market that nets you nothing costs nothing in fees; parlays are charged on a separate parlay fee schedule (ProphetX Trading Fees, v1.3, Oct. 12, 2026).
Novig charges no fee on pregame game trades. Taker fills placed while a game is live pay a small fee (it peaks at 50Β’ prices), and NFL, college football, MLB, NBA, WNBA and NHL futures carry a taker fee at all times. Makers β orders that rest on the book β never pay, and earn a credit when they get filled.
States
ProphetX confirms eligibility from your location at sign-up. We have not verified its state list yet, and third-party lists disagree, so this page does not print one. Novig: Every state except Arizona, Nevada and Michigan.
More: Novig review Β· Kalshi vs Novig Β· Kalshi fee calculator Β· Novig fee calculator
Frequently Asked Questions
What is the difference between ProphetX and Novig?
ProphetX is a sports-only exchange where traders take positions against each other on game outcomes and parlays rather than against a house. Novig is a CFTC-designated, sports-only exchange where traders buy and sell contracts from each other on a peer-to-peer order book.
Which is cheaper, ProphetX or Novig?
They charge in different ways. ProphetX charges a 2% trading fee on net gains per market on straight trades, so a market that nets you nothing costs nothing in fees; parlays are charged on a separate parlay fee schedule (ProphetX Trading Fees, v1.3, Oct. 12, 2026). Novig charges no fee on pregame game trades. Taker fills placed while a game is live pay a small fee (it peaks at 50Β’ prices), and NFL, college football, MLB, NBA, WNBA and NHL futures carry a taker fee at all times. Makers β orders that rest on the book β never pay, and earn a credit when they get filled. Which costs less depends on the trade: the price you fill at, whether the market nets you a gain, and (on Novig) when you trade.
Is ProphetX legal, and which states can use it?
ProphetX is a CFTC-designated contract market since June 2026. ProphetX confirms eligibility from your location at sign-up. We have not verified its state list yet, and third-party lists disagree, so this page does not print one.
Is ProphetX like Novig?
Both are CFTC-designated, sports-only venues where traders take positions against each other. They differ on fees: ProphetX charges on net gains per market, Novig charges nothing on pregame game trades.