Novig

Novig is positioned to turn into the subsequent peer-to-peer sports activities buying and selling platform to maneuver from a sweepstakes mannequin right into a Commodity Futures Trading Commission (CFTC)-regulated prediction market framework, after the company authorized designated contract market (DCM) standing for Ludlow Exchange, an entity tied to the corporate. The approval got here the…

Sports prediction market platform Novig has raised $75 million in Series B funding led by crypto funding agency Pantera Capital, a transfer that comes as the corporate pushes towards federal regulatory approval that would permit nationwide operation below monetary market oversight slightly than state sportsbook licensing or sweepstakes-style working fashions. “Our mission is to democratize…