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Novig’s weekly volume outpaces ProphetX as sports exchanges show contrasting fees

OddsShopper reports both venues are order-book exchanges in the sports-first wing of prediction markets, and Novig's record week remains October 20 to 26 at 854 million dollars. ProphetX charges 2 percent of wins while Novig charges nothing on pre-game straight bets.

According to OddsShopper, Novig recorded 839 million dollars in trading during October 24 to 30, compared with 68 million dollars at ProphetX. The reported 12-to-1 gap separates two CFTC-regulated exchanges serving the sports-first segment of prediction markets.

Weekly activity below Novig’s record

Novig’s October 24 to 30 total fell short of its record week, October 20 to 26, when trading reached 854 million dollars, according to OddsShopper. The two measurement periods overlap, so they are not consecutive, independent weekly comparisons.

The figures appeared in reporting published Nov 6, 2026, at 7:30 PM ET. They establish a substantial difference in reported trading volume for the comparison period, but do not explain what drove it.

Shared structure, different fees

Both Novig and ProphetX operate as order-book exchanges, according to OddsShopper. Their shared structure places the volume comparison within the same broad exchange model rather than across different types of sports-market platforms.

Their stated charges differ: ProphetX charges 2 percent of wins, while Novig charges nothing on pre-game straight bets. The Novig fee detail applies specifically to that bet category; the supplied reporting does not establish a fee comparison across every market.

What it means for prediction markets

  • Activity is uneven across the two venues: The 839 million dollars versus 68 million dollars comparison shows a sizable reported volume gap, not a measure of the entire prediction-market sector.
  • Record-week comparisons need care: Novig’s 854 million dollars record covers October 20 to 26, which overlaps with October 24 to 30.
  • Fees are a distinction, not an established explanation: The reported pricing differences may matter to participants, but the supplied figures do not demonstrate that fees caused the volume gap.
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Sources & attribution

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    OddsShopper
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