An independent, neutral breakdown of Novig fees and costs as of February 2026, covering the no vig exchange spread, sweepstakes redemption, and the new federal structure. Information, not advice.
Last reviewed 11 February 2026 · Facts as of February 2026 · Illustrative editorial examples
An independent, neutral breakdown of Novig fees and costs as of February 2026, covering the no vig exchange spread, sweepstakes redemption, and the new federal structure. Information, not advice.
Figures are indicative and dated. Confirm the current terms on the platform before acting.
No. Because you trade against other users on an exchange rather than against a house, there is no traditional bookmaker vig on a matched trade. The cost that exists is a spread in thinner markets.
The spread, reported at roughly one to four percent in markets where Novig provides liquidity. You pay it by crossing from the buy price to the sell price, so a position can be slightly underwater the moment you open it.
Under the sweepstakes model no deposit fee is reported, and redemption of Novig Cash you win has been reported at one to one with a low minimum of about twenty. A processor or bank may add its own charge, which is separate from Novig.
Not necessarily. The federally designated structure announced in June 2026 is a separate, more heavily regulated product that may carry a per contract trading fee. We do not quote a figure we cannot confirm, so check the live schedule directly.
No. They are indicative and dated to June 2026, and Novig can change them, especially as the structure shifts. Always confirm the current terms on the platform before you fund or trade.
This page describes Novig as we assess it. Platform mechanics, fees, and terms change, so verify the current detail before you rely on it.
Facts as of February 2026. General information, not financial advice.