Venture
fromReadWrite
6 hours agoNovig pulls in $75M Series B funding, as it seeks federal approval
Novig raised $75 million to expand its commission-free sports trading exchange and pursue CFTC approval to operate as a Designated Contract Market.
Robinhood is betting that its customers want to trade on absolutely everything. On Tuesday, the popular stock-trading app unveiled a slate of updates to its prediction markets business, aggressively expanding into sports. Now, Robinhood users can trade contracts tied to specific professional football players' performances, as well as pre-packaged combos for individual games. Early next year, customers will be able to combine up to ten outcomes - such as winners, spreads, and totals - into a single, custom-built contract.