By The Weekly Edge desk ·
Novig reported $128m in trading volume during its first week offering prediction markets, according to EGR North America. The startup claimed this was almost 20 times Kalshi’s volume when it introduced sports event contracts in early 2025.
Novig’s reported $128m opening-week trading volume gives investors a launch benchmark against its claimed comparison with Kalshi.
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The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
The agreements give Kalshi advertising exposure and fan engagement opportunities across five MLB teams.
The partnerships create commercial opportunities for tribal operators while legal disputes over sports event contracts remain unresolved.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.