Novig Raises $75M Series B to Build a Trader-First Sports Prediction Market

Novig lands $75m for sports prediction market

Novig Raises $75M Series B to Build a Trader-First Sports Prediction Market

/PRNewswire/ -- Fastest-growing sports trading platform applies for DCM license to be available in all 50 states Novig operates a commission-free, peer-to-peer...

Sports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket

Novig’s Series B values the startup at $500 million with backing from Pantera Capital, Multicoin, and Forerunner.

Novig Raises $75 Million Series B to Take on Kalshi and Polymarket in Sports Prediction Markets

The post Novig Raises $75 Million Series B to Take on Kalshi and Polymarket in Sports Prediction Markets appeared on BitcoinEthereumNews.com. TLDR: Pantera Capital led Novig’s $75 million Series B, placing the sports prediction platform at a $500 million valuation.  Novig charges zero fees for retail traders, collecting revenue instead from institutional participants on its platform.  Novig is pursuing a CFTC license, with co-founder Jacob Forti…

Novig announces $75m raise in Series B funding round

Novig has secured $75m via a Series B funding round led by US institutional asset manager Pantera Capital, with the funds to be used to inject “more institutional liquidity” into its prediction markets platform. The founder-led business raised more than $105m to date after the latest round, which also featured backing from Multicoin Capital, Makers Fund, and Edge Equity. Existing investors Forerunner, Perceptive Ventures, and NFX also participat…

Novig Raises at $500M Valuation With Help of Crypto’s Pivot

About a month ago, cryptocurrency investment firm Pantera Capital published a bold prediction about prediction markets. It said a betting exchange not named Kalshi or Polymarket would be bought for more than $1 billion this year. On Thursday, Pantera announced that it led a $75 million raise for Novig, a sports-focused prediction market betting app […]