Novig has applied for approval to become a CFTC-regulated prediction market exchange

The founders of the sports prediction market company Novig have applied for approval to become a CFTC-regulated prediction market exchange through the entity Ludlow Exchange LLC.

The company has requested confidential treatment of its submitted exhibits and materials, with a number of them listed in a public document This includes exhibits/documents about ownership, board and governance, fitness standards, and more.

It was in September 2024 when Novig announced it had launched a...