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

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 Fortinsky expecting the process to wrap up within six months.  Fortinsky [...]

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