Novig hires former Kalshi and CFTC official Mishory as regulatory chief
Novig has hired Elie Mishory as chief regulatory and legal affairs officer, the company announced. Mishory previously served as an executive at Kalshi and held leadership roles at the Commodity Futures Trading Commission (CFTC). The appointment comes days after Novig secured CFTC Designated Contract Market approval on June 16, clearing the platform to proceed with its planned summer 2026 rollout. Novig said Mishory will oversee the company's regulatory and compliance functions as it builds a federally regulated sports prediction market platform nationwide. Sources described Mishory as having more than a decade of experience shaping U.S. prediction market policy.
Mishory's dual experience at a CFTC-regulated exchange and the agency itself gives Novig inside regulatory fluency as it races DraftKings' DKeX and ProphetX to capture first-mover liquidity. His CFTC relationships could shave weeks off contract approvals that competitors must negotiate from scratch.
Novig's back-to-back CFTC approval and Mishory hire join ProphetX's five-day launch and DraftKings' DKeX debut as the four newest regulated entrants racing to capture prediction-market liquidity this quarter.