Novig deploys Eventus surveillance tech ahead of exchange launch
Novig has deployed the Eventus Validus platform as its trade surveillance solution for its new prediction market exchange, with the company selecting Eventus Systems' platform ahead of a planned national rollout. The deployment covers trade monitoring infrastructure as Novig prepares to expand its exchange footprint nationwide under a single regulatory framework and operate as a federally regulated prediction market.
Novig's Validus deployment signals it is building regulatory-grade compliance infrastructure before going live, a prerequisite that the CFTC will scrutinize during its exchange authorization process. The surveillance stack must demonstrate real-time manipulation detection and audit trails that satisfy designated contract market standards, not just sportsbook-era odds monitoring.
Novig is racing against the same compressed launch window it faced when ProphetX opened five days after approval: any delay in standing up compliant trade surveillance pushes its go-live date deeper into DKeX and Robinhood's head-start period. For competitors still assembling their compliance layers, Novig's vendor choice offers a benchmark for the surveillance sophistication the CFTC now expects from new prediction market entrants.