Novig Revolutionizes Sports Betting with National Launch
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Novig Launches First National Sports Prediction Market
Novig has introduced an innovative platform that takes sports prediction to a nationwide audience. This groundbreaking application is now available in 42 states, providing users with a unique opportunity to engage in sports betting under a sweepstakes regulatory framework.
Two Modes of Play Offered
Novig features two primary modes for users: Novig Coins and Novig Cash. Novig Coins allow users to participate in the platform for entertainment and to experiment with various trading strategies risk-free. On the other hand, Novig Cash is designed for those looking to win real cash prizes, enhancing the gaming experience for serious players.
Accessible to Users Across the Nation
The platform is accessible to sports fans in 42 states, including notable locations like California, Texas, Florida, and Illinois, along with Washington D.C. Participants must be 21 years or older to register and engage in real-money games.
Player-Centric Features
Jacob Fortinsky, the Co-Founder and CEO of Novig, emphasizes the platform's commitment to fairness: "Players are fed up with having to play on apps where the house always wins and the odds are stacked against them. On Novig, 43% of users are profitable — compared to an industry average of just 3%." This commitment to transparency and user success is at the core of Novig's mission.
Funding and Development
Last year, Novig successfully secured $6.4 million in seed funding from distinguished investors including Lux Capital, Y Combinator, and renowned figures such as Joe Montana and Paul Graham. This financial backing is expected to drive Novig's ongoing development and expansion in the sports prediction market.
Plans for Future Offerings
In addition to its current offerings in NFL, NBA, and MLB, Novig aims to broaden its scope. Upcoming features will include parlays, single-game parlays (SGPs), and futures across more sports, along with a web-based interface for trading.
About Novig
Founded by Jacob Fortinsky and Kelechi Ukah, Novig stands as a leader in the emerging field of sports prediction markets. The app is not just limited to iOS users, with an Android version on the horizon. With a skilled team comprised of individuals from prestigious Silicon Valley and Wall Street backgrounds, Novig is poised for impactful growth.
Users can expect a reliable, user-friendly platform as Novig garners attention from both sports enthusiasts and casual players alike.
Frequently Asked Questions
What is Novig and how does it operate?
Novig is a sports prediction market app that allows users to bet on sports outcomes using virtual coins or real cash, available in 42 states.
Do users need to be in a specific location to participate?
No, the platform is accessible in various states across the country, but participants must be 21 years or older.
What modes does Novig offer for betting?
Users can choose between Novig Coins for fun betting or Novig Cash for real cash rewards.
How does Novig compare to traditional betting platforms?
Novig claims a much higher user profitability rate compared to traditional betting apps, where the house typically has the advantage.
What are the future expansions planned by Novig?
Future developments include additional betting options like parlays and a web-based interface, broadening the scope of available sports and features.
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