Novig’s $75M Series B Triumph: Sports Prediction Market Eyes CFTC Approval After Pantera Capital Funding

In a landmark development for regulated prediction markets, sports-focused platform Novig has secured a massive $75 million Series B investment led by Pantera Capital, propelling the company toward potential CFTC regulatory approval within months. This substantial funding round, which values Novig at $500 million, represents a significant shift in how institutional investors approach sports prediction markets while highlighting growing regulatory clarity in the United States. The investment comes at a pivotal moment when traditional sports betting markets intersect with blockchain-based prediction platforms, creating new opportunities for market efficiency and transparency. Novig’s...