# Novig vs FanDuel > Independent. Not affiliated with, endorsed by or sponsored by Novig. Canonical: https://novigapi.com/compare/novig-vs-fanduel Facts checked: 2026-11-12 Novig is an exchange that publishes its fee; FanDuel's sportsbook builds its margin into the odds. Checked 12 Nov 2026, Novig charges takers 0.06 x P x (1 - P) per $1 of payout, only in-game on game markets. FanDuel also runs FanDuel Predicts, whose contracts are listed by CME Group exchanges and regulated by the CFTC. (Source: [FanDuel Predicts](https://www.fanduel.com/predicts)) This comparison mixes two kinds of product. FanDuel Sportsbook is a bookmaker: it sets the line and keeps a margin inside the price. Novig is an exchange: other traders set the price and Novig charges a published fee. FanDuel Predicts sits between them, offering CME-listed event contracts through FanDuel as the futures commission merchant. ## Fees Fees, checked 12 Nov 2026 | Fees (checked 12 Nov 2026) | Novig | FanDuel Sportsbook | FanDuel Predicts | | --- | --- | --- | --- | | How you pay | Taker pays 0.06 x P x (1 - P) per $1 of payout; makers pay nothing | Margin built into the odds; not published as a number | Not published on the pages we read | | When it applies | Game markets: only while the event is live. NFL, NCAAF, NCAAB, NCAAWB, MLB, NBA, WNBA and NHL futures: always. Golf, tennis, UFC, F1 and NASCAR futures and series winners: never | On every bet, inside the price | Not published | | $100 of payout at 50% | $1.50 if live; $0 pregame on game markets; $1.50 any time on major US league futures | Not comparable: priced as odds | Not published | Because a sportsbook margin is not printed, the honest way to compare is to remove it. Take both sides of a FanDuel market, strip the margin with the [no-vig calculator](https://novigapi.com/no-vig-calculator), and set that fair price beside Novig's best bids on the same outcome. ## Coverage Coverage, checked 12 Nov 2026 | Coverage (checked 12 Nov 2026) | Novig | FanDuel Predicts | | --- | --- | --- | | Sports | Sports only: NFL, NCAAF, NCAAB, NCAAWB, MLB, NBA, WNBA, NHL, PGA, ATP, WTA, UFC, F1, NASCAR among the leagues its fee docs list | Sports event contracts plus financial benchmarks, per FanDuel and CME | | Markets | Game lines, player props, futures, series winners; parlays priced through RFQ | Contracts priced from $0.01 to $0.99 | | States and regions | All US states except Nevada, Arizona and Michigan, judged by physical location; 21+ | All 50 states, per FanDuel's own news release | | Regulator | Ludlow Exchange, LLC (doing business as Novig), CFTC-designated contract market since 16 Jun 2026 | Contracts listed by CME Group exchanges, regulated by the CFTC; FanDuel acts as FCM | FanDuel Sportsbook itself is licensed state by state, so its availability follows each state's sports betting law rather than federal rules. ## Data access Data access, checked 12 Nov 2026 | Data access (checked 12 Nov 2026) | Novig | FanDuel | | --- | --- | --- | | Official API | Yes: signed trading API at docs.novig.com; needs an account, KYC and a location check in production | No public odds API found on the pages we read | | Public data | Free daily CSVs at data.novig.com (trades and markets), no names, around 5 a.m. ET | Odds shown in the app and site only | | History | Trades from 3 Aug 2026, market snapshots from 4 Aug 2026, daily only | Not published | | What novigapi.com adds | No Novig account, player and team names joined, intraday line history, fair prices, line moves, MCP | Nothing: novigapi.com covers Novig only | Several third-party feeds carry both books, which is the usual way to compare them programmatically. For Novig on its own, the daily CSVs and [novigapi.com](https://novigapi.com/novig-api) give you depth and history a sportsbook feed does not. ## Pricing one market on both Novig's own worked examples, per $100 of payout at the 0.06 coefficient: $1.50 at 50%, $1.26 at 30% or 70%, and $0.54 at 10%. The fee is charged to five decimal places with no cent floor, and a pregame fill on a game market owes nothing. A sportsbook line has no printed fee to compare with these numbers. Convert both sides of the FanDuel market to implied probabilities, note how far their sum runs above 100%, and that excess is the margin you pay. Then compare the devigged FanDuel price with the Novig price for the same outcome and take whichever is better after Novig's fee. ## Who should use which - **Bettors who want promotions, parlays and the widest menu**: FanDuel Sportsbook. - **Bettors who want a visible cost**: Novig, where the fee is a formula and pregame game-market fills are free. - **People in states without legal sportsbooks**: FanDuel Predicts or Novig, both federally regulated products. - **Price shoppers**: check Novig's no-vig price before taking a FanDuel line. ## Verdict On price transparency Novig wins: its cost is published and often zero pregame. FanDuel wins on product breadth and familiarity. Use both, and let the fair price decide each bet. ## Questions ### Is FanDuel considered a sharp sportsbook? FanDuel is a retail sportsbook that builds its margin into the odds. An exchange such as Novig shows a price set by traders and charges a published fee instead, which is why bettors use exchange prices as a fair-value check. ### What is the difference between a sportsbook and an exchange? A sportsbook sets the odds and takes the other side of your bet, keeping a margin in the price. An exchange matches you with another trader and charges a fee; on Novig that fee is 0.06 x P x (1 - P) on in-game fills of game markets (checked 12 Nov 2026). ### Where is FanDuel Predicts available? FanDuel's own news release says FanDuel Predicts is available in all 50 states, with contracts listed by CME Group exchanges (checked 12 Nov 2026). ## Sources - [FanDuel Predicts](https://www.fanduel.com/predicts) - [FanDuel news: Predicts expands event contracts](https://www.fanduel.com/about/news/fanduel-predicts-to-expand-event-contract-offering-through-partnership-with-crypto-com-and-og-prediction-markets) - [Novig docs: Trading Fees](https://docs.novig.com/fees.md) - [Novig docs: Trading fees (game and futures schedules)](https://docs.novig.com/api/concepts/fees.md) - [Novig Help Center: Eligibility & Legality](https://support.novig.com/en/articles/16194031-eligibility-legality) - [Novig docs: Exchange Data](https://docs.novig.com/public-data/overview.md) --- Get a free API key: https://novigapi.com/sign-up . Docs: https://novigapi.com/docs . MCP: https://novigapi.com/api/mcp . Operated by Stunning Couches LLC. Independent. Not affiliated with, endorsed by or sponsored by Novig.