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

BlockBeats News, February 18th. According to Fortune magazine, Novig, a prediction market platform focusing on sports events, announced the completion of a $75 million Series B funding round led by Pantera Capital, with a post-money valuation of $5 billion.

Founded in 2021, Novig aims to build a consumer-friendly platform for modern sports bettors, with its core advantage being its peer-to-peer transaction model. Novig is currently applying for a license from the U.S. Commodity Futures Trading Commission, with an expected completion within six months. Unlike platforms like Kalshi and Polymarket, Novig's product design and brand positioning are all centered around sports events, making it more aligned with the habits of regular sports fans.