Novig requires traders to be 21, three years above the 18-and-up floor Polymarket and Kalshi use. Sweeney approached Novig about an equity partnership and is now on its cap table, chief executive Jacob Fortinsky said. The ad launched four days after LeBron James first teased … Read more
LOS ANGELES – Kalshi announced exclusive, multi-year partnerships with 5 MLB teams; the Atlanta Braves, Boston Red Sox, Los Angeles Dodgers, San Diego Padres, and San Francisco Giants. The partnership includes in-stadium branding, signage, digital promotions, and Kalshi-specific prediction market offers with on-site activations at … Read more
Novig filed Aug. 14 in the Western District of Wisconsin, its fifth suit against a state in 10 days. The complaint asks that Wisconsin’s commercial gambling statute, a Class I felony, be declared preempted as applied. A federal judge in Wisconsin denied the CFTC that … Read more
NEW YORK – In the midst of a heated debate over the legality of prediction markets, particularly pertaining to sports, a new platform was just approved by the US Commodity Futures Trading Commission (CFTC) with the intention of becoming the biggest sports prediction market available. … Read more
Novig, the fastest growing sports trading platform, raised $75 million for their next phase of growth. The Netherlands cracked down on Polymarket offering “unlicensed gambling” for Dutch residents. Polymarket is now pushing for more presence in China, despite their strict online gambling ban. NEW YORK … Read more