Novig Secures Federal Approval as Prediction Market Competition Intensifies
Novig has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM), marking a key regulatory milestone that allows the company to run a federally regulated prediction market across all 50 states. The designation places Novig within the CFTC’s exchange framework, enabling it to offer sports-focused event contracts under unified federal supervision. The approval also introduces compliance obligations more commonly associated with traditional financial markets, including market surveillance systems, anti-manipulation safeguards, and oversight […] The post Novig Secures Federal Approval as Prediction Market Competition Intensifies appeared first on World Casino News.
Novig has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate as a Designated Contract Market (DCM), marking a key regulatory milestone that allows the company to run a federally regulated prediction market across all 50 states. The designation places Novig within the CFTC’s exchange framework, enabling it to offer sports-focused event contracts under unified federal supervision. The approval also introduces compliance obligations more commonly associated with traditional financial markets, including market surveillance systems, anti-manipulation safeguards, and oversight […]
The post Novig Secures Federal Approval as Prediction Market Competition Intensifies appeared first on World Casino News.
