Novig Surpasses $125 Million in First-Week Trading Volume
Novig, a sports prediction market company, reported more than $125 million in notional trading volume during its debut week, according to information provided to CNBC. This launch-week performance surpassed the first-week figures of competitors Kalshi, Polymarket U.S., Underdog, and DraftKings' exchange DKeX, based on data compiled by Novig. The comparison underscores a strong market entry amid intensifying competition among prediction platforms.
Key facts
- Novig exceeded $125 million in notional trading volume in its debut week.
- The figure was reported to CNBC by Novig.
- Novig's first-week volume topped that of Kalshi, Polymarket U.S., Underdog, and DraftKings' exchange DKeX.
- The comparisons were based on figures compiled by Novig itself.
- Novig is a sports prediction market company.
- The debut week outperformed the initial weekly volumes of its rivals.
Entities
Institutions
- Novig
- CNBC
- Kalshi
- Polymarket
- Underdog
- DraftKings
- DKeX
Locations
- United States
Sources
- Quartz —