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Explained in plain English

Is Novig legal in the UK?

Novig is not currently regulated by the Gambling Commission, which oversees most betting in the UK. This means it operates in a legal grey area here, unlike traditional bookmakers. The Sydney Sweeney campaign's success highlights this regulatory gap, as Novig's prediction market model differs from standard sports betting.

Stories that explain this

Sydney Sweeney ad campaign lifts Novig trading volume by 94%

Questions this opens up

Who regulates UK gambling? Are prediction markets gambling? What are Novig's UK plans?

Related explainers

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