CFTC halts Novig and ProphetX micro contracts
Regulation · SectorWire deskSource published Updated
Summary
Reportedly, the Commodity Futures Trading Commission has paused micro contracts offered by Novig and ProphetX. The Novig products covered the first points scored in basketball games, while the ProphetX products were scorigami contracts.
Why it matters
The pause leaves operators and suppliers offering event-based micro contracts uncertain whether similar products can continue in the US market.
Cite as: SectorWire, “CFTC halts Novig and ProphetX micro contracts”, 22 October 2026, https://sectorwire.news/item/cftc-halts-novig-and-prophetx-micro-contracts/