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Chronicles

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Sports-focused prediction market Novig raised a $75M Series B led by Pantera Capital at a $500M valuation; Novig is commission-free for retail traders

As the prediction markets Kalshi and Polymarket dominate the attention of investors and regulators, a sports-focused challenger called Novig

Fortune Leo Schwartz

Discussion

  • @novig @novig on x
    We are building the sports prediction market that Vegas fears. The sports betting system is broken, and today we're another step closer to fixing it. We just closed a $75M Series B led by @PanteraCapital. As we grow, we remain committed to our mission of building the most [image]
  • @franklinbi Franklin Bi on x
    A New Deal for Sports Markets Sports betting is a broken $2T market. The house bans winners, hides fees, & sets odds to guarantee it never loses. 98% of users lose by design. That's why we led @Novig's $75m Series B at @PanteraCapital, with @masonnystrom & @veradittakit [image]
  • @masonnystrom Mason Nystrom on x
    Prediction markets offer a better market structure for sports betting. Read more about why we're investing in Novig👇