Novig Raises $75m in Series B to Accelerate Sports Prediction Market Growth

Novig has lifted its total capital raised to more than $105m after closing a $75m Series B funding round.

The raise includes participation from Multicoin Capital, Makers Fund, Edge Equity and existing backer Forerunner. The investment comes as the prediction markets sector awaits the outcome of Novig’s application to the Commodity Futures Trading Commission to become a licensed Designated Contract Market (DCM).

Novig positions itself as being “built for sports fans”, in contrast to what it describes as “most prediction market platforms”, which it says are “not built with sports traders in mind”.

The company reported a tenfold increase in trading volume during 2025, with its annualised trading volume now exceeding $4bn.

Jacob Fortinsky, co-founder and CEO of Novig, said:

“Our mission is to democratise and financialise sports markets, and we’re proud of the fact that Novig users are 10 times more likely to win than on traditional sportsbooks.

“We chose to partner with the best crypto venture firms in the world to further accelerate our plans to make Novig the most efficient and liquid sports prediction market in the world.

“Others are using prediction market technology to financialise new markets with unproven demand. We leverage it to fix broken markets where demand already exists.”

Novig said the fresh capital will be used to drive continued product innovation and support its next phase of growth.