Sports prediction market Novig completes $75M Series B financing, led by Pantera Capital

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Release Time: 02/18/2026 13:17:37

Summary

Sports prediction market Novig has secured $75 million in Series B funding led by Pantera Capital, raising its valuation to $500 million. Founded by Jacob Fortinsky and Kelechi Ukah, the platform uses a peer-to-peer model to compete with traditional sports betting. Novig currently operates on a lottery system and is seeking approval from the U.S. CFTC. Retail users pay no fees, while institutional traders generate revenue. The new funds will expand its sports prediction market. This development comes amid growing interest in price prediction tools, including Bitcoin price forecasting models.

Odaily Planet Daily reports that sports prediction market Novig has announced the completion of a $75 million Series B round led by Pantera Capital. This funding round values Novig at $500 million.

Novig is a prediction market platform focused on sports. Founded by Jacob Fortinsky and Kelechi Ukah, the company aims to challenge traditional sports betting markets through a peer-to-peer (P2P) trading model. The platform currently operates on a lottery-based system and is seeking regulatory approval from the U.S. Commodity Futures Trading Commission. Novig charges no commissions to retail users and generates revenue by charging institutional participants. The proceeds from this funding round will be used to expand its operations in the sports prediction market. (Fortune Magazine)

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