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Head to head

Robinhood vs Novig.

A like-for-like comparison on the things that actually differ: how each is regulated, how funding works, what it costs, and where it is available. We compare, we do not crown a winner.

By Fredrik FilipssonFounder and editor · Two decades in advisory, hospitality and mediaEditorial review by Morten Andersen · Last reviewed 23 September 2025

Last reviewed 23 September 2025 · Facts as of September 2025 · Illustrative editorial examples

Robinhood
79/100
Novig
74/100
Side by side

The same questions, asked of both.

Robinhood
Novig
Prediction Market Index score
79/100
74/100
Regulatory status
Event contracts sourced from CFTC-regulated partner exchanges, offered in the Robinhood app.
Received a CFTC designation in June 2026; previously operated a sweepstakes model.
Custody of funds
Within the Robinhood brokerage framework; settles in US dollars.
Transitioning to the designated framework; confirm current custody.
Fees
Confirm any per-contract fee in-app.
Peer-to-peer pricing; confirm any fees.
Markets
A curated set across economics, sports and events.
Sports-leaning with growing event coverage.
Eligibility
Approved Robinhood derivatives account; some states restricted.
US users meeting verification; check state rules.
Best described as
Event contracts inside the Robinhood app, sourced from partner exchanges regulated in the US.
A peer-to-peer venue that received a federal designation in June 2026, after running a sweepstakes model.
A balanced verdict

Which one is right for you?

On our rubric Robinhood scores 79 and Novig scores 74, but a higher score is not a recommendation to you. Robinhood tends to suit readers who value the easiest on-ramp for existing users, while Novig leans toward newly regulated, sports-leaning. The right venue depends on where you live and what you are eligible to use, so read both profiles and check the legality page before deciding.

FAQ

Questions readers keep asking.

Is Robinhood or Novig better?

Neither is universally better. Robinhood scores 79 on our rubric and Novig scores 74, but the right choice depends on your region, what you want to trade, and your eligibility. We compare the facts and leave the decision to you.

How current are these facts?

This comparison was last reviewed 23 September 2025 with facts as of September 2025. Fees, regulation and availability change often, so treat the figures as indicative and confirm the current terms on each platform.

Do you earn a commission from either platform?

No. Prediction Market Index does not take payment for placement and no platform can buy a higher score. Where a platform is genuinely available to you, any referral appears after the information, never before it.

Where is each platform legal?

Availability is local and, in the United States, often varies by state. Check our legality hub and each platform profile for the current position before you act.

Read the full profiles
Platform profile
Robinhood, rated 79
Platform profile
Novig, rated 74