CNBC
18 Aug 2026, 12:00 UTC · 1d ago
Prediction markets entrant Novig posts more than $125 million in trading volume during its first week
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
CNBC
18 Aug 2026, 12:00 UTC · 1d ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
3 claims · each scored for market impact
Novig is facing significant legal challenges, with a NY judge denying a restraining order and experts citing 'dim' chances of winning against multiple states regarding gambling laws. — Legal defeats and regulatory crackdowns create systemic risk for the business model and limit potential market expansion.
-0.60Prediction market platforms are introducing perpetual futures and hedging instruments to attract institutional Wall Street capital. — The transition from binary 'yes/no' bets to sophisticated financial instruments increases the potential for high-volume institutional adoption.
+0.40Novig reported over $125 million in notional volume during its first week of nationwide launch, surpassing the opening week volumes of Kalshi and Polymarket U.S. for sports contracts. — Strong initial adoption indicates high demand for sports-centric prediction markets and competitive pressure on existing platforms.
+0.30Continue reading
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The company's proprietary exchange, DKeX, was outperformed by Novig's opening week volume for sports contracts.
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