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Novig raises $75m Series B to pursue US sports prediction exchange

Funding

Novig reportedly raised $75m in a Series B led by Pantera Capital as it seeks to register with the Commodity Futures Trading Commission and shift from sweepstakes gaming to a sports exchange. The report says the company aims to operate across all 50 states; the fundraising brings its total capital raised since 2024 to more than $105m.

Novig’s fundraising supports its shift toward a CFTC-regulated sports exchange and its planned nationwide US reach.

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Deals & M&A

Betr acquires Ascent Capital to pursue US prediction markets

Betr acquired Ascent Capital Management Inc., gaining its National Futures Association and Commodity Futures Trading Commission registrations, the company said. Betr plans to introduce prediction-market event contracts powered by Polymarket in its app later this year, targeting more than 1 million paying users nationwide. The planned markets would cover sports, politics, culture and other categories.

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