Novig announced that Elie Mishory has joined the company as Chief Regulatory and Legal Affairs Officer.
Mishory brings more than a decade of experience in legal and regulatory work related to prediction markets in the United States.
The appointment comes after Novig’s recent designation by the U.S. Commodity Futures Trading Commission as a Designated Contract Market.
In his new role, Mishory will oversee Novig’s regulatory, compliance, and public policy functions as the company prepares to expand its federally regulated sports prediction market platform nationwide.
Mishory previously served as Chief Regulatory Officer and General Counsel at Kalshi, where he led the company’s legal and regulatory strategy and helped advance the broader acceptance of prediction markets as a regulated asset class.
Before Kalshi, Mishory served at the CFTC, including leadership roles within the Division of Market Oversight and as counsel to Commissioner Brian Quintenz.
During his time at the CFTC, he worked closely with Commissioner Quintenz on “Any Given Sunday,” a widely cited statement on sports event contracts that helped shape the regulatory discussion around sports-related event markets.
Most recently, Mishory returned to public service, working with DOGE and supporting initiatives at the U.S. Securities and Exchange Commission focused on government modernization and operational efficiency.
Novig is building a sports prediction market designed as an open exchange with pricing driven by real-time supply and demand.
The company said its platform is focused on creating better pricing, full transparency, and a more efficient market structure for users.
Novig is positioning its marketplace-driven model around trust, fairness, and integrity, with the goal of rewarding skill and providing a regulated alternative to traditional sports betting structures.
KEY QUOTES:
“Elie has been at the center of the most consequential regulatory developments in prediction markets — he helped bring them from a fringe idea to the center of the national conversation. Elie jokes that if you hate legal prediction markets, he’s happy to take the blame. That conviction is exactly why we wanted him at Novig: he believes, as we do, that transparent, compliant markets should reward skill. As we build the regulated exchange for sports and the financial contracts that follow, Elie will be central to getting the hardest part right.”
Jacob Fortinsky, Co-Founder and CEO of Novig
“I joined Novig because this is the team best positioned to build the future of regulated sports trading. Jacob and Kelechi have built a world-class team of sports traders who are also world-class market builders, engineers, lawyers, and operators. This team understands sports trading from the inside, and it is building a platform for sports traders, by sports traders. I have enormous respect for the CFTC’s staff and leadership, who bring extraordinary dedication, seriousness, and professionalism to hard questions of market structure and look forward to working constructively with them as Novig leads in protecting its community, innovates in responsible market design, and provides a safe, fair, and best-in-class experience as a good citizen in the federally regulated marketplace.”
“I didn’t join Novig to play defense. Sports traders deserve transparent markets, fair rules, strong compliance, and an excellent trading experience — and they deserve a team that will advocate for them. I am joining Novig ready to help bring the fight for legal, regulated, trader-first markets to sports trading.”
Elie Mishory, Chief Regulatory and Legal Affairs Officer at Novig
