Novig Secures $75 Million in Series B Funding, Applies for DCM License to Expand Nationwide

Novig, the fastest-growing sports trading platform in America, has successfully concluded a $75 million Series B funding round. The round was led by Pantera Capital and saw participation from Multicoin Capital, Makers Fund, Edge Equity, as well as existing investors Forerunner, Perceptive Ventures, and NFX. With this latest funding, Novig has raised over $105 million in total. The platform has experienced significant growth, reporting a tenfold increase in trading volume in 2025, with an annualized trading volume exceeding $4 billion.

Novig has submitted an application to the Commodity Futures Trading Commission (CFTC) for a Designated Contract Market (DCM) license, a crucial step towards becoming a federally regulated exchange available across all 50 states. Unlike traditional sportsbooks, Novig operates a commission-free, peer-to-peer exchange, fostering fair and transparent trading. Jacob Fortinsky, Co-Founder and CEO of Novig, expressed the company's commitment to democratizing and financializing sports markets. The platform aims to provide a more equitable and profitable sports prediction market, with users being ten times more likely to win compared to traditional sportsbooks.

The funding will be instrumental in advancing Novig's growth and innovation, including the introduction of unique functionalities that merge financial market innovation with live sports excitement. The company has expanded its team to over 50 personnel, focusing on enhancing the platform's prediction market infrastructure and transparency features. Novig is set to revolutionize the sports betting industry by reshaping the market structure and delivering better odds, ultimately prioritizing the bettors' interests.