A neutral, dated guide to MLB and baseball event contracts on Novig, the sports focused exchange that received CFTC designation in June 2026, how its peer to peer model works, and how to check your eligibility. Information, not advice. As of December 2025.
Last reviewed 24 December 2025 · Facts as of December 2025 · Illustrative editorial examples
On Novig, a mlb and baseball 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.
Novig is a sports focused exchange that received federal designation in June 2026, so baseball event contracts fit its core focus. Because it is newly live, confirm the specific markets and your eligibility before relying on it. This is general information, not advice, as of December 2025.
It means you trade against other participants rather than against a house setting odds against you. The venue earns from fees rather than from your loss, and the price reads as the crowd implied probability of the outcome.
Novig designation is intended to let it operate across states under one federal framework, but sports contracts remain contested in some jurisdictions and coverage is still settling. Confirm the current state coverage and your own eligibility before acting. As of December 2025.
A price between one cent and ninety nine cents reads as the crowd implied probability. A team near seventy five cents means the crowd assigns roughly a seventy five percent chance, not a certainty. Favorites lose, and a confident looking price can still be wrong.
Cost usually comes from a trading fee that can scale with price and order size. On a new venue, also watch liquidity, since a thin market can cost more in the spread than the fee. Treat any figure as indicative and as of December 2025, and confirm the live schedule before acting.
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 December 2025. General information, not financial or betting advice.