Novig closes $18 million Series A funding round 

Novig, the peer-to-peer prediction market, declared a funding round that closed at $18 million.

The main contributors to this round of investment included Forerunner, Y Combinator, NFX, Perceptive Ventures, and Gaingels.

The prediction market in America is heating up with a list of suitors that allow bettors to stake on markets such as election results, weather patterns, and a host of novelty bets. We reported on the success that Kalshi and Polymarket have had across this year and their legal battles to operate across America.

Novig is a sportsbook exchange that is permitted to operate in forty US states and is gaining traction amongst prediction gamblers. The format is similar to British and EU sportsbook exchanges such as Betfair Exchange that offer events that pit players’ predictions against each other.

The platform, founded by Jacob Fortinsky and Kelechi Ukah, posted on social media about the landmark funding round.

@Novig just raised an $18M Series A round led by @forerunner.

Here’s how we became the fastest-growing sports prediction market in America