Novig Raises $75 Million, Targets CFTC License in Sports Prediction Market

Multiple independent sources consistently indicate that Novig is actively seeking approval from the U.S. Commodity Futures Trading Commission to operate in the sports prediction market. Industry reviews of prediction market apps and promotional material from trusted betting review platforms explicitly mention Novig's licensing pursuit with the CFTC and its current operation under a sweepstakes model pending approval. In particular, several well-regarded outlets in the sports betting and prediction market space affirm the licensing detail, and none contradict it. On the funding side, while there is less direct confirmation than for licensing, information from industry coverage and startup tracking suggests Novig has secured substantial funding; the $75 million figure is specifically mentioned in promotional and review contexts. Although primary sources do not provide a breakdown or independent verification of the exact funding amount, the number is treated as factual in multiple articles without dispute. The combination of consistent licensing status reporting and unchallenged funding claims supports a high probability that the statement is accurate, with residual uncertainty mainly linked to the precise funding figure rather than the licensing pursuit.