-7%

est. 2Y upside i

FinTechSeries B

America's #1 Sports Prediction Market

Rank

#2474

Sector

Fintech

Est. Liquidity

~2Y

Data Quality

Data: Low

Novig presents a high-risk, high-uncertainty equity opportunity due to missing revenue data and critical competition from DraftKings.

Last updated: July 3, 2026

Bull (10%)+180%

Novig capitalizes on CFTC DCM license to dominate U.S. sports prediction market, achieving IPO within 2 years at a $1.5B+ valuation (+200% from entry, net of ~20% dilution).

Base (50%)+30%

Novig grows steadily, gaining market share but facing competition from DraftKings and Kalshi. Valuation rises to ~$650M (+30% net of dilution) as revenue scales moderately.

Bear (40%)-100%

DraftKings' entry with Railbird erodes Novig's user base; a weak fundraising environment forces a down round or below-$108M exit, rendering common stock worthless (-100% net of dilution).

Est. time to liquidity~2.0 years

Preference Stack Risk

high

Funding Intensity

2160%

Total preferred stock of $108M represents 21.6% of the $500M valuation, meaning common stock faces significant overhang if exit value declines.

Dilution Risk

moderate

Given $108M raised in Series B (Feb 2026), a further raise within 2 years is plausible, potentially diluting common stockholders by ~20%.

Secondary Liquidity

none

No secondary market activity detected; employee shares likely illiquid until liquidity event.

Tech — 5 roles

Marketing — 3 roles

Legal — 1 role

  • Counsel · 85 5th Avenue, New York, NY, 10003

Operations — 1 role

Regulatory & Compliance — 1 role

Research & Trading — 1 role

View all 12 open roles at Novig →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Novig's data — designed to show you've done your homework.

  • 1

    “How do you plan to differentiate from DraftKings' Railbird given their existing user base and brand?”

  • 2

    “What are the key unit economics for your peer-to-peer model (e.g., take rate, customer acquisition cost)?”

  • 3

    “What is your timeline for an IPO or secondary sale, and how do you view equity illiquidity risk for early employees?”

Community

Valuation Sentiment

Our model estimates -7% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.