Novig raises $75M as Pantera backs amid CFTC review

Key Takeaways:

• $75M Novig Series B reportedly led by Pantera remains unconfirmed.
• Treat the funding claim as provisional pending company or investor confirmation.
• If verified, funds could bolster product development, compliance, and market expansion.

The reported Novig Series B of $75 million led by Pantera Capital remains unconfirmed as of publication. Absent official company or investor disclosures, the claim should be treated as unverified and subject to update.

What is verified is Novig’s earlier funding and regulatory posture. As reported by PredictionNews, the company raised $18 million in a Series A in August 2025 with participation from established venture firms. Separately, Gaming Eminence reported that Novig filed an application in 2026 to the U.S. Commodity Futures Trading Commission (CFTC) to operate a regulated prediction market exchange rather than continue under a sweepstakes model.

If ultimately confirmed, a $75 million Series B would represent a step-up in capital relative to the prior round and could support product, compliance, and market expansion. Until then, the appropriate characterization of the $75 million figure and any lead investor remains provisional.

The circulating claim asserts a $75 million Novig Series B led by Pantera Capital and a step-change in valuation. It implies a larger runway and heightened investor alignment as the company pursues CFTC approval to list event contracts under federal oversight.

“Novig’s Series B values the startup at $500 million with backing from Pantera Capital, Multicoin, and Forerunner,” as reported by Fortune. Without primary confirmation from the company or named investors, the figure and investor lineup should be considered unverified.

From a regulatory standpoint, CFTC approval is the decisive gating factor for operating a federally supervised market in event contracts. This matters because revenue models, product design, and risk controls differ materially between sweepstakes-style offerings and Designated Contract Market-style trading venues.

Institutional scrutiny of sports-linked markets also affects execution risk. As reported by Next.io, the NCAA has voiced concerns about college-sports prediction markets, underscoring the need for clear standards and guardrails across jurisdictions.

At the time of this writing, broader gaming-sector sentiment is mixed. Based on data from NasdaqGS, DraftKings Inc. closed at 21.76 on 13 February, down 13.51% on the day, with pre-market indications at 21.84 (+0.37%).

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