Comparison · updated July 2026

Novig vs Kalshi

Novig and Kalshi are two of the most discussed prediction market platforms in the US. Here's a side-by-side look at how they compare on the factors that actually matter for traders.

Editorial disclosure. HunchMarkets may earn a commission when readers sign up via our links. Our rankings, ratings and methodology are decided independently of commercial relationships.

Novig

4.0/5

Peer-to-peer sports exchange with no vig.

Vig-free sports trading State-by-state (sweepstakes model)

Visit Novig

Kalshi

4.7/5

The first CFTC-regulated event contract exchange in the United States.

Regulated US event contracts CFTC-regulated

Visit Kalshi

Rating

Novig

4.0

Kalshi

4.7

Best for

Novig

Vig-free sports trading

Kalshi

Regulated US event contracts

Regulation

Novig

State-by-state (sweepstakes model)

Kalshi

CFTC-regulated

US availability

Novig

Available

Kalshi

Available

Fees

Novig

Zero vig, spread-based

Kalshi

Up to 2% per trade

Mobile

Novig

Good

Kalshi

Excellent

Markets

Novig

Sports

Kalshi

Politics, Economy, Sports, Weather, Culture, AI, Financial events

Payment

Novig

Kalshi

ACH, Debit card, Wire transfer

Founded

Novig

Kalshi

2018

Category	Novig	Kalshi
Rating	4.0	4.7
Best for	Vig-free sports trading	Regulated US event contracts
Regulation	State-by-state (sweepstakes model)	CFTC-regulated
US availability	Available	Available
Fees	Zero vig, spread-based	Up to 2% per trade
Mobile	Good	Excellent
Markets	Sports	Politics, Economy, Sports, Weather, Culture, AI, Financial events
Payment		ACH, Debit card, Wire transfer
Founded		2018

Verdicts

Who wins, category by category

Best overall

Kalshi

Higher composite rating across our methodology.

Visit Kalshi

Best for beginners

Kalshi

Cleaner onboarding and a more polished consumer experience.

Visit Kalshi

Best for regulation

Kalshi

Operates as a CFTC-designated contract market.

Visit Kalshi

Best for liquidity

Novig

Deepest order books on headline markets.

Visit Novig

Best for market variety

Kalshi

Wider catalogue of available event contracts.

Visit Kalshi

Final take

Should you choose Novig or Kalshi?

Kalshi comes out narrowly ahead in our methodology, but both platforms have a clear lane. Choose Novig for vig-free sports trading, and Kalshi for regulated us event contracts.

Visit Novig Visit Kalshi

Risk warning. Event contracts are financial instruments. You can lose your full premium. Trade only where legally permitted in your jurisdiction. This is not investment, legal or tax advice.