NoVig wants to change the future of gambling on sports. Which is exactly why some of the most prominent venture capital funds and angel investors in the world are deepening their bet on them.
What’s happening:
- Sports prediction market startup NoVig has raised $18M USD in a new Series A financing round
- The new funding round was led by Forerunner and included notable participation from Y Combinator
Why it matters:
- NoVig has built one of the first peer to peer sports betting platforms in the United States that enables users to bet directly against each other and eliminates the financial cut that goes to a bookmaker through traditional sports betting platforms
Going deeper:
- NoVig is widely considered to be the fastest growing sports prediction market in America and has already surpassed $2B USD in total betting volume since initially launching
- NoVig has previously landed multiple notable angel investors, including Y Combinator co-founder Paul Graham and NFL legend Joe Montana
