[Sports Prediction Market Novig Completes $75 Million Series B Financing, Led by Pantera Capital] According to *Fortune* magazine, the sports-focused prediction market platform Novig has announced the completion of a $75 million Series B financing round, led by Pantera Capital. Following this round, the company’s valuation has reached $500 million. Novig co-founder Jacob Fortinsky stated that the company was founded in 2021 with the goal of creating a consumer-friendly platform tailored for modern sports bettors, with its core advantage being its peer-to-peer trading model. Novig is currently applying for a license from the U.S. Commodity Futures Trading Commission, which is expected to be completed within six months. Fortinsky emphasized that, unlike platforms such as Kalshi and Polymarket, Novig’s product design and brand positioning are entirely centered around sports events, making it more aligned with the habits of regular sports fans.