Pantera Leads $75M Round in Novig to Fuel Prediction Market Race

Major Funding: Novig closed a <strong class="body_output text-content_primary font-semibold" node="[object Object]">$75 million Series B funding round on February 18th.
Institutional Backing: The round was led by <strong class="body_output text-content_primary font-semibold" node="[object Object]">Pantera Capital , boosting Novig&#x27;s post-money valuation to <strong class="body_output text-content_primary font-semibold" node="[object Object]">$500 million .
Competitive Landscape: The investment positions Novig as a direct challenger to established prediction markets like <strong class="body_output text-content_primary font-semibold" node="[object Object]">Polymarket , signaling growth in the Web3 sports betting sector.

Novig Secures $75M Series B, Reaching $500M Valuation

Sports prediction platform Novig announced on February 18th the completion of a $75 million Series B funding round, bringing its post-money valuation to $500 million. The investment underscores growing venture capital interest in the convergence of decentralized finance and online betting.

Pantera's Investment Signals Major Push into Web3 Sports Betting

The round was led by crypto-focused investment firm Pantera Capital, a move that signals strong institutional confidence in the prediction market sector. This substantial capital injection is expected to accelerate Novig's product development and user acquisition efforts. The funding positions the platform to directly compete with established players like Polymarket, intensifying the race to dominate the Web3-powered sports betting and prediction market space.