PredictIt vs Novig
A detailed head-to-head comparison of PredictIt and Novig — pricing, features, and which one wins for different use cases.
PredictIt
Long-running US political prediction market run for academic research
PredictIt is one of the longest-running prediction markets in the US, operated as a research project (historically in partnership with Victoria University of Wellington) and focused primarily on polit…
Full review →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 →Feature Comparison
| Feature | PredictIt | Novig |
|---|---|---|
| Settlement Mechanism | Platform resolution | P2P exchange (regulated) |
| Trading Model | Order book (capped) | Peer-to-peer order book |
| Collateral Token | USD | USD |
| Min Trade | $1 | $1 |
| Api Access | ✓ | ✗ |
| Embeddable Odds | ✓ | ✗ |
| Geo Restrictions | US-focused | US, varies by state |
| Market Creation | Platform-approved | Exchange-approved |
| Mobile App | ✓ | ✓ |
| Governance Token | ✗ | ✗ |
PredictIt Pricing
PredictIt
Free to trade (fees apply)
Free
- ✓Real USD markets
- ✓US political focus
- ✓5% profit fee + 5% withdrawal fee
- ✓Per-market position caps
- ✓Long historical record
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)
Verdict: Which Should You Choose?
PredictIt is the better pick if you need long-running, widely-cited us political market. Novig wins when zero-vig model removes the sportsbook's built-in margin. Both are production-ready — the right choice depends on your team's workflow and budget.