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Sports Prediction Market Novig Completes $75 Million Series B Funding Round, Led by Pantera Capital

2 hours ago

On February 18, Fortune reported that Novig—a sports-focused prediction market platform—has closed a $75 million Series B funding round led by Pantera Capital, valuing the company at $5 billion post-money. Founded in 2021, Novig targets modern sports bettors with a consumer-friendly platform, where its key differentiator is a peer-to-peer transaction model. The firm is currently seeking a license from the U.S. Commodity Futures Trading Commission (CFTC), with approval expected within six months. Unlike Kalshi and Polymarket, Novig’s product design and brand are solely focused on sports—aligning more closely with everyday sports fans’ usage habits.
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