# Novig vs Sporttrade > Independent. Not affiliated with, endorsed by or sponsored by Novig. Canonical: https://novigapi.com/compare/novig-vs-sporttrade Facts checked: 2026-11-12 Novig is trading today; Sporttrade is not. Checked 12 Nov 2026, Sporttrade's site says it is re-entering the market soon and runs a waitlist, after Sporttrade DCM LLC received its CFTC designation on 30 Oct 2026. Novig charges takers 0.06 x P x (1 - P), only in-game on game markets. (Source: [Sporttrade: home page](https://new.getsporttrade.com/)) Sporttrade was one of the first US sports exchanges, and it is rebuilding as a federally regulated prediction market. On 12 Nov 2026 its home page showed a waitlist, a form for institutions, and a box for traders interested in API access once it goes live. Novig, by contrast, is open in every US state except three. ## Fees Fees, checked 12 Nov 2026 | Fees (checked 12 Nov 2026) | Novig | Sporttrade | | --- | --- | --- | | Taker formula | Taker pays 0.06 x P x (1 - P) per $1 of payout; makers pay nothing | Not published for the new exchange | | 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 | Not published | | Maker side | No fee; credit of 25% of the taker fee on game markets, 50% on futures | 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 published | Reviews of Sporttrade's earlier exchange describe a 2% commission on net winnings. That was the old product; the new DCM has not published a schedule on its site, so treat any number you see as unconfirmed until Sporttrade posts one. ## Coverage Coverage, checked 12 Nov 2026 | Coverage (checked 12 Nov 2026) | Novig | Sporttrade | | --- | --- | --- | | 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; the site shows an NFL moneyline example | | Markets | Game lines, player props, futures, series winners; parlays priced through RFQ | Not published while on waitlist | | States and regions | All US states except Nevada, Arizona and Michigan, judged by physical location; 21+ | Not trading; waitlist only | | Regulator | Ludlow Exchange, LLC (doing business as Novig), CFTC-designated contract market since 16 Jun 2026 | Sporttrade DCM LLC, CFTC-designated contract market since 30 Oct 2026 | ## Data access Data access, checked 12 Nov 2026 | Data access (checked 12 Nov 2026) | Novig | Sporttrade | | --- | --- | --- | | Official API | Yes: signed trading API at docs.novig.com; needs an account, KYC and a location check in production | Planned: the waitlist asks if you want trading API access once live | | Public data | Free daily CSVs at data.novig.com (trades and markets), no names, around 5 a.m. ET | None while not trading | | History | Trades from 3 Aug 2026, market snapshots from 4 Aug 2026, daily only | None while not trading | | 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 | If you need sports exchange data now, Novig has it: a signed API for traders, free daily CSVs from August 2026 and read-only access through [novigapi.com](https://novigapi.com/novig-api) with names and intraday line history. Sporttrade data will need a fresh look once it launches. ## What changes when Sporttrade launches A CFTC designation lets Sporttrade DCM list event contracts under federal rules, the same category as Novig's Ludlow Exchange, ProphetX and Kalshi. Its site already speaks to FCMs, market makers and trading firms, which suggests brokers may route orders to it, as they do to other exchanges. None of that tells you its fees, state list or data access yet. - Fees: watch for a published schedule; compare it with Novig's 0.06 x P x (1 - P) per $1 of payout. - States: Novig blocks only Nevada, Arizona and Michigan; check Sporttrade's list once published. - Data: the waitlist mentions trading API access; Novig already publishes daily trade files from 3 Aug 2026. ## Who should use which - **Anyone who wants to trade this week**: Novig, since Sporttrade is waitlist only. - **Institutions and market makers planning ahead**: Sporttrade invites FCMs, market makers and trading firms to talk to its team. - **Developers**: build on Novig now; add Sporttrade once its API is live and documented. Until then, the useful comparison for Sporttrade fans is with the venues already trading. ProphetX, also designated in June 2026, charges 2% of net gains per market on most straight contracts; Novig charges per fill, only in-game on game markets; Kalshi charges on every taker fill. Each of those schedules is dated on the venue's own site, which is the standard to hold Sporttrade to when it returns. ## Verdict Today this is not a close call: Novig is live with published fees and data, while Sporttrade has a fresh CFTC designation and no public schedule yet. Revisit once Sporttrade publishes fees and states. ## Questions ### Is Sporttrade legit? Sporttrade DCM LLC appears on the CFTC's designated contract market list with a designation date of 30 Oct 2026 (checked 12 Nov 2026). Its site says it is re-entering the market soon. ### How does Sporttrade make money? Reviews of its earlier exchange describe a 2% commission on net winnings. The new exchange had not published a fee schedule on its site on 12 Nov 2026. ### What does Sporttrade do? It is building a sports prediction market. On 12 Nov 2026 its site offered a waitlist for traders and a contact form for FCMs, market makers and trading firms. ## Sources - [Sporttrade: home page](https://new.getsporttrade.com/) - [CFTC: Designated Contract Markets list](https://www.cftc.gov/IndustryOversight/IndustryFilings/TradingOrganizations?col=Status&dir=DESC&page=1) - [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.