Novig vs Hedgehog Markets
A detailed head-to-head comparison of Novig and Hedgehog Markets — pricing, features, and which one wins for different use cases.
Novig
Zero-vig US peer-to-peer sports prediction exchange
Novig is a US peer-to-peer sports betting exchange whose pitch is right in its name: 'no vig' — it aims to eliminate the built-in margin (the vigorish) that traditional sportsbooks charge, by matching…
Full review →Hedgehog Markets
Solana-based prediction and no-loss competition markets
Hedgehog Markets is a Solana-based prediction-market platform known for pioneering 'no-loss' competition-style markets alongside conventional peer-to-peer prediction markets. Its distinctive no-loss f…
Full review →Feature Comparison
| Feature | Novig | Hedgehog Markets |
|---|---|---|
| Settlement Mechanism | P2P exchange (regulated) | Oracle-resolved |
| Trading Model | Peer-to-peer order book | P2P + no-loss pools |
| Collateral Token | USD | USDC |
| Min Trade | $1 | $1 |
| Api Access | ✗ | ✗ |
| Embeddable Odds | ✗ | ✗ |
| Geo Restrictions | US, varies by state | Some jurisdictions |
| Market Creation | Exchange-approved | Permissioned |
| Mobile App | ✓ | ✗ |
| Governance Token | ✗ | ✗ |
Novig Pricing
Novig
Free to trade
Free
- ✓Zero-vig peer-to-peer model
- ✓US sports exchange
- ✓Fairer P2P pricing
- ✓Modern mobile app
- ✓Real-money (varies by state)
Hedgehog Markets Pricing
Hedgehog Markets
Free to trade
Free
- ✓Solana-native
- ✓No-loss competition markets
- ✓Peer-to-peer prediction markets
- ✓Yield-funded prizes
- ✓Low fees + fast settlement
Verdict: Which Should You Choose?
Novig is the better pick if you need zero-vig model removes the sportsbook's built-in margin. Hedgehog Markets wins when innovative no-loss format protects staked principal. Both are production-ready — the right choice depends on your team's workflow and budget.