Novig, a sports prediction market platform, has raised $75 million in a Series B funding round led by Pantera Capital, bringing its valuation to $500 million. Founded in 2021, Novig aims to offer a consumer-friendly platform for sports bettors, leveraging a peer-to-peer trading model. The company is in the process of obtaining a license from the U.S. Commodity Futures Trading Commission, expected within six months. Co-founder Jacob Fortinsky highlighted Novig's focus on sports events, differentiating it from competitors like Kalshi and Polymarket.