Novig Secures CO License, Paving the Way for Fall Launch
Novig, a revolutionary new sports betting market, announced that it has secured a Colorado Internet Sports Betting Operator license from the Colorado Division of Gaming.
The license paves the way for Novig to launch next month in Colorado as its first state, where a partnership has been established for market access with Full House Resorts and its Bronco Billy’s Casino property in Cripple Creek CO.
Backed by prominent investors such as Y Combinator, Joe Montana, and Lux Capital, Novig is building the first commission-free, high-frequency sports betting exchange. However, until exchange wagering is approved by the CLGC, Novig will be operating as an Internet Sports Betting Operator and not an exchange.
“We’re thrilled to kick off our journey in the vibrant sports betting landscape of Colorado, and we’d like to thank the Division of Gaming for their help throughout the process. We’re committed to building an unparalleled, community-led betting experience, and we look forward to becoming the go-to destination for sports fanatics and sharp bettors alike,” Jacob Fortinsky, Co-Founder and CEO of Novig, said.
At launch, the Novig app will be accessible through both iOS and Android. Novig will initially offer NFL, NBA, MLB, NCAAF, and NCAAB markets before expanding to several other sports next year. Users will be able to place bets on the Moneyline, Point Spread, and Game Totals, both pre-game and in-game.
