Novig Adds Responsible Trading Framework, 21+ Age Requirement to Prediction Market Rulebook

Why This Prediction Market Banned Teens

Jacob Fortinsky, the CEO and cofounder of the new prediction market Novig, says his outfit isn’t like those other markets. You know the ones.

Novig Adds Responsible Trading Framework, 21+ Age Requirement to Prediction Market Rulebook

Novig is making responsible trading part of the operating rules for its federally regulated prediction market, adopting a broad framework that includes a uniform minimum age of 21, customer-set limits and requirements governing marketing, platform design and the monitoring of potentially harmful activity. The standards are contained in a new Chapter 14 that Ludlow Exchange, the Commodity Futures Trading Commission-designated contract market doin…