Whether Novig offers weather and climate markets. Novig is a CFTC designated contract market focused on peer to peer sports event contracts, and as of November 2025 it does not list weather. Information, not advice.
Last reviewed 23 November 2025 · Facts as of November 2025 · Illustrative editorial examples
On Novig, a weather and climate 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 November 2025. Novig is a CFTC designated contract market focused on peer to peer sports event contracts, such as moneylines, spreads, totals, and props. Its public product is sports rather than weather or climate. Confirm the current offering with the platform. This is general information, not advice.
Yes. Novig received approval from the Commodity Futures Trading Commission to operate as a designated contract market in June 2026, the federal framework for event contracts. Its focus is sports rather than weather. Availability can vary by state and eligibility, so verify before trading. As of November 2025.
Weather and climate event contracts are offered by other platforms rather than Novig. Use the weather and climate category guide to see how these markets work, and the platforms index to compare the venues that are genuinely legal and available where you live. As of November 2025.
Novig matches users against each other rather than against a house, so there is no built in bookmaker margin, or vig. It applies a small take rate on net winnings after settlement instead. This structure applies to its sports markets.
See the weather and climate category guide for how these markets work across platforms, and the legality hub for where each platform is available to you.
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 November 2025. General information, not financial or betting advice.