Novig, the American sports prediction market, has deployed the Eventus Validus platform to provide trade surveillance for its exchange. This partnership follows Novig’s recent approval by the US Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM). This regulatory designation allows the company to operate as a federally regulated prediction market and launch a nationwide expansion this summer.
Novig selected the Validus platform for its ability to customise surveillance scenarios, such as wash trading and spoofing, to suit its specific market mechanics. The system offers cross-account and cross-market analysis to detect coordinated manipulation, alongside real-time and post-trade monitoring for clean forensic auditability.
Additionally, the platform provides straightforward integration with Novig’s internal systems and includes built-in case management workflows to streamline investigations. Eventus was chosen to support Novig’s long-term growth, offering the necessary scalability to handle increasing trade volumes and an expanding regulatory surface area.
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