A neutral, dated guide to economics and Federal Reserve markets and Novig, a CFTC regulated exchange that is sports focused and does not currently list economic contracts. How these markets work and where they are offered. Information, not advice. As of October 2025.
Last reviewed 8 October 2025 · Facts as of October 2025 · Illustrative editorial examples
On Novig, a economics and the fed market is a contract on a clearly defined question that settles against a written rule, the named source and date set before trading. A correct side pays one dollar and the other pays nothing, so the price between 1 and 99 cents reads as the implied probability.
Received a CFTC designation in June 2026; earlier ran a sweepstakes model, so standing has just stepped up.
Always read the specific market's resolution rule, not the headline. Fees and spreads reduce real returns, and availability can change.
Not as of October 2025. Novig is a federally regulated exchange whose menu is focused on sports, and it does not list economics or Federal Reserve contracts. The company has signalled plans to broaden its menu, but an expansion into economic markets is not confirmed. This is general information, not advice.
Yes. Novig received approval as a designated contract market registered with the Commodity Futures Trading Commission in June 2026, after moving away from an earlier sweepstakes model. Availability can depend on your state, so confirm your own eligibility before acting.
Several federally regulated exchanges list economics and Federal Reserve contracts. Use the platforms index and the legality pages to find venues that are genuinely available to you, and confirm your own eligibility before acting.
Because the resolving source is typically a scheduled, public, official figure, such as a central bank announcement or an agency data release. That leaves little room to dispute whether the event happened, though you should still check exactly which release and revision a market keys off.
No. A price is the market's implied probability based on current information, not a forecast that will come true. It can move sharply around a release and can be wrong. Read it as a probability estimate, never as a verdict.
These contracts trade on a regulated venue and settle against a written rule. Read the primary source and the specific market rule before you act.
Facts as of October 2025. General information, not financial or betting advice.