Sports Prediction Platform Novig Raises $75 Million, Valued at $500 Million

$75 Million Investment Boosts Novig's Growth

Recently, the sports prediction platform Novig announced a successful fundraising of $75 million, led by the renowned investment firm Pantera Capital. This funding round valued Novig at $500 million.

Novig's Market Focus

Novig currently focuses on sports prediction markets, differing from platforms like Kalshi and Polymarket, which also cover other types of prediction contracts. By concentrating on the sports sector, Novig aims to build a more professional and accurate prediction environment.

Regulatory Strategy for Long-Term Success

It is reported that Novig is actively pursuing operations under the regulatory framework of the U.S. Commodity Futures Trading Commission (CFTC). This approach will not only enhance platform compliance but also provide users with higher trust safeguards.

Outlook for the Future

With the rapid expansion of the sports prediction market, Novig's successful fundraising highlights growing investor interest in this sector. Looking ahead, Novig plans to use the new capital to further refine its platform technology, expand market influence, and deliver high-quality prediction services to users.