Is Novig Available in Florida?

We’ve been asked numerous times over the past few weeks whether Novig is legal in Florida, and we can finally confirm that the sports prediction market app is available to eligible residents of the Sunshine State.

Novig sports prediction market lets you trade yes/no event contracts with other registered users instead of the house. Contracts are priced between $0.01 and $0.99, depending on the trading volumes on either side. So, if you live in the state of Florida and are over the age of 21, you can sign up and trade on Novig.

How the Novig Prediction Market Works in Florida

The Novig prediction market app allows Florida users to buy and sell yes, or no contracts tied to real sports outcomes. Novig prediction markets are regulated at the federal level by the CFTC, which makes them widely available.

Event contracts are available for a variety of sports like pro football, basketball, baseball and tennis. You’ll start trading by either placing a Take order or a Make order. A Take order simply lets you buy and sell contracts at the available market prices, while a Make order allows you to set a price, and wait for another trader to match it. All contracts are priced at $1.00 total, with the split reflecting the volume of trades on either side.

Here’s an example to illustrate how the Novig sports prediction market works.

If you buy 100 contracts for the Florida Gators to win for $60, Novig settles your prediction at $100 if they win.

Who Can Trade on the Novig Prediction Market in Florida?

The list of requirements to sign up and trade on Novig prediction market is pretty straightforward. First, you must be at least 21 years old to create an account on the app. To prove you meet this requirement, you’ll be asked to provide your date of birth, and upload a valid government-issued ID.

You must also be physically present in Florida at the time of registration. You can still access the platform from other US states, except Arizona, Massachusetts, Maryland, Michigan, Nevada, New York, and Ohio.

Lastly, you’ll have to confirm your legal identity through the KYC verification process. This involves providing details like your full name, home address, mobile number, SSN, and photos of your ID.

Novig's sportsbook covers major leagues and events

Novig's mobile app with sports betting and rewards

Does Novig Have Other Prediction Markets?

No, at the moment, Novig is a sports-only prediction market. You can only trade event contracts for sports outcomes. This isn’t unusual, as some brands prefer to specialize in a single market instead of including a wide range of topics. If you’d like to see what else is available in Florida, you can start by exploring our list of politics prediction markets to trade on local and international political events.

Steps to Start Trading on Novig Prediction Market

To start trading Novig sports contracts, you must create a new account and make a deposit. Here’s how to do that.

1. Tap on any of the banners on this page to open the official Novig site

2. Choose the “Join” option and provide a valid email

3. Provide your mobile number and enter the verification code sent to you on sms

4. Fill in personal account details such as your legal name, date of birth, and address

5. Input the last four digits of your SSN for validation

6. Review the T&Cs and if you agree, check the boxes

7. Complete the KYC verification process by uploading clear copies of your ID

8. Click the “Deposit” option to fund your account and start exploring event contracts on the prediction market

Pros and Cons of Novig Prediction Market in Florida

Pros and Cons

• Covers major US sports leagues
• Available on a mobile app
• Minimal trading fees

• Novig is only a sports prediction market

Conclusion - Novig Prediction Market Is Available in Florida

If you live in Florida and are at least 21 years old, you can trade sports event contracts on the Novig prediction market. You’ll first need to create an account on the site or the mobile app and pass the KYC verification process. You can accomplish those by tapping the banners we have on this page. Then you can deposit money into the account and start trading contracts for real sports events across categories like pro football, pro basketball, college football, MMA, baseball, tennis, and US soccer.

FAQs on Novig Prediction Market in Florida