Novig raised $75M at a $500M valuation, led by Pantera Capital. P2P model. No retail commissions. Institutions pay. They’re operating via sweepstakes while seeking approval from the U.S. Commodity Futures Trading Commission. If regulators approve it, betting starts looking like an exchange. But that's still an IF. And if it happens...the house always wins. Not a bad place to look.
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Prediction markets are coming for sportsbooks.
Novig raised $75M at a $500M valuation, led by Pantera Capital.
P2P model. No retail commissions. Institutions pay.
They’re operating via sweepstakes while seeking approval from the U.S. Commodity Futures Trading Commission.
If regulators approve it, betting starts looking like an exchange.
But that's still an IF.
And if it happens...the house always wins.
Not a bad place to look.