Novig hires ex-Kalshi and CFTC official Elie Mishory as regulatory chief
Novig has appointed Elie Mishory as chief regulatory and legal affairs officer, tapping a former Kalshi and Commodity Futures Trading Commission (CFTC) figure to steer its compliance and expansion. Mishory brings more than a decade of experience in U.S. prediction market policy, including time at Kalshi and the CFTC, as well as a recent stint at the Department of Government Efficiency (DOGE), the Trump-era cost-cutting initiative. The hire comes as Novig holds Designated Contract Market (DCM) status and pursues nationwide scale for its federally regulated sports prediction market platform. Mishory will oversee regulatory and compliance functions as Novig builds its distribution.
Novig's DCM approval is only days old, and Mishory's CFTC relationships give Novig a regulatory interpreter who can accelerate contract filings before DraftKings' DKeX and Robinhood's Rothera scale theirs. Speed to market now determines which platform captures sticky liquidity.