Novig plans move to CFTC-regulated market framework after $75m funding round
Novig CEO Jacob Fortinsky said the company plans to shift its full operation to a Commodity Futures Trading Commission-regulated designated contract market framework later this year, ending its interim sweepstakes model. He also said Novig had closed a $75 million funding round at a $500 million valuation. Betty said it had left sweepstakes, while Betr confirmed a partnership with Polymarket to add prediction markets to its app.
Operators and investors can track Novig’s planned regulatory shift, funding, and new prediction-market products.