Different starting points
Novig’s current documentation is sports focused, separating games, futures and series winners. Kalshi’s event-contract catalogue is broader. A reader concentrating on sports may value a focused workflow; one researching economic and other events needs the relevant venue and contract definitions.
The public Novig trading documents do not establish a complete current consumer-state/funding matrix. Kalshi’s fee PDF likewise does not establish every account’s market permissions. Do not turn those specific access limits into claims that the documented fee rules are unknown.
Source provenance and retrieval dates
Different starting points
Novig straight and futures fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-10-22
Novig trading fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Novig event lifecycle and settlement ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Kalshi fee schedule ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07
Published source scope only. Numerical examples labelled hypothetical are our calculations; private-account performance is not established.
Put both on a $100 winning-payoff basis
For 100 $1-equivalent contracts at $0.50, stake is $50. Kalshi general taker M=1 produces $1.75. Novig v3 expresses quantity in one-cent payout units, so the same payoff is 10,000 units; its coefficient 0.06 produces $1.50 when that market’s fee is charged.
Winning outcomes would net $48.25 or $48.50 before other costs; losing outcomes lose $51.75 or $51.50. Novig’s game WHEN_LIVE schedule is not charged pregame, but specified futures use ALWAYS. RFQ combinations have separate treatment. This is not a universal “Novig is free” comparison.
Source provenance and retrieval dates
Put both on a $100 winning-payoff basis
Novig straight and futures fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-10-22
Novig trading fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Novig event lifecycle and settlement ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Kalshi fee schedule ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07
Published source scope only. Numerical examples labelled hypothetical are our calculations; private-account performance is not established.
Execution and maker differences
Kalshi’s default maker multiplier is zero but listed series can charge maker fees. Novig v3 states makers never pay execution fees and describes credits based on the fee collected on the opposite side; from October 22 the listed game/futures shares are 25%/50%.
Novig’s transition to live play voids resting orders and can happen again after suspension. Kalshi series rules and its own execution disclosures need separate evaluation. An unfilled order is not a completed low-cost trade.
Source provenance and retrieval dates
Execution and maker differences
Novig straight and futures fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-10-22
Novig trading fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Novig event lifecycle and settlement ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Kalshi fee schedule ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07
Published source scope only. Numerical examples labelled hypothetical are our calculations; private-account performance is not established.
Read exceptional outcomes
Novig documents win/loss, push and fair-market-value outcomes and a remediation path that can reverse a grade. Kalshi settlement depends on the exact contract rules; its reviewed PDF states no settlement fee. Identical sport names do not prove identical cancellation or grading outcomes.
Compare the observation source, deadlines, total funding/withdrawal cost and executable size. No venue account or support benchmark was tested for this guide.
Source provenance and retrieval dates
Read exceptional outcomes
Novig straight and futures fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-10-22
Novig trading fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Novig event lifecycle and settlement ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Kalshi fee schedule ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07
Published source scope only. Numerical examples labelled hypothetical are our calculations; private-account performance is not established.
Game phase and grading can override a headline comparison
Novig’s game schedule is WHEN_LIVE while specified futures charge ALWAYS. A trade before a game and a futures trade before an event therefore need different fee checks. Event-lifecycle rules govern voids, postponements and final grading; a hypothetical score alone cannot establish a payable result without the contract rule.
| Compare | Novig | Kalshi |
|---|---|---|
| Units | $0.01 winning payoff units | Standard $1 contracts in these examples |
| Phase | WHEN_LIVE games / ALWAYS specified futures | Market-specific fee and lifecycle |
| Exceptional outcome | Event lifecycle and grading rules | Exact market determination source |
Source provenance and retrieval dates
Game phase and grading can override a headline comparison
Novig straight and futures fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-10-22
Novig event lifecycle and settlement ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
Kalshi fee schedule ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07
Published source scope only. Numerical examples labelled hypothetical are our calculations; private-account performance is not established.
Product reference and official destinations
Novig
- Costs
- v3 coefficient 0.06; $1.50 on $100 winning payoff at 0.50 when charged.
Source provenance and retrieval dates
Novig: Costs
Novig straight and futures fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-10-22Novig trading fees ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedPublished documents, not account quote or complete eligibility audit.
- Funding / billing
- Public trading docs establish mechanics; consumer banking schedule remains unverified.
No specific primary support for this summary field is established; do not infer eligibility or a zero fee.
- Access / product scope
- Consumer state/funding matrix not established by retrieved trading docs.
No specific primary support for this summary field is established; do not infer eligibility or a zero fee.
Kalshi event contracts
- Costs
- General M=1 taker: $1.75 for 100 at $0.50; market exceptions apply.
Source provenance and retrieval dates
Kalshi event contracts: Costs
Kalshi fee schedule ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07Kalshi fee rounding ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedPublished documents, not account quote or complete eligibility audit.
- Funding / billing
- ACH has no Kalshi deposit/withdrawal fee in the reviewed schedule; card/processor costs differ.
Source provenance and retrieval dates
Kalshi event contracts: Funding / billing
Kalshi fee schedule ↗
Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07Published documents, not account quote or complete eligibility audit.
- Access / product scope
- US-focused event-contract product; market and account restrictions apply.
No specific primary support for this summary field is established; do not infer eligibility or a zero fee.
Sources
- Kalshi fee schedule →Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-07-07
- Novig trading fees →Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
- Novig event lifecycle and settlement →Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verified
- Novig straight and futures fees →Last successful source check: 2026-10-24Evidence origin: direct public-document read · Current evidence status: verifiedDocument effective date: 2026-10-22
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