US sports betting exchange start-up Novig has been backed by Y Combinator, marking a significant milestone in the company’s bold ambitions to disrupt the US sports betting industry.

Y Combinator is the most renowned startup accelerator in the world and has backed globally recognized companies such as Airbnb, Stripe, Dropbox, Coinbase, and Reddit.

Novig is a commission-free sports betting exchange that guarantees bettors the best lines and eliminates the need for traditional sportsbooks. It does this by enabling users to bet directly against friends or the market, rather than against the house, making the betting experience more efficient, fair, and, most importantly, profitable. As the United States regulatory landscape evolves, Novig is positioned to become a leading innovator in sports betting with its unique focus on quantitative research and high-frequency trading.

The company was co-founded by Jacob Fortinsky and Kelechi Ukah, recent Harvard University graduates who are highly experienced in quantitative trading, financial technology, and sports betting markets.

Commenting on the Y Combinator investment, Novig CEO Jacob Fortinsky said: “We’re thrilled to be joining this incredible community of founders, and we’d particularly like to thank our group partners Dalton Caldwell, Diana Hu, Nicolas Dessaigne, and Richard Aberman. Our platform will revolutionize the sports betting industry and experience as we know it, and it’s great to have YC’s support in realizing that vision.”

Featured Image:

Novig co-founders Kelechi Ukah and Jacob Fortinksy

Continue Reading

Malta Gaming Authority revokes Tipbet Limited’s licence

23 May 2024
by Helena Grech

Tipbet Limited is an online gaming company that provides a range of sports betting and casino gaming services

Eaton Gate Gaming appoints Garry McGibbon as director of acquisition

22 May 2024
by iGamingCapital.mt

As Director of Acquisition, McGibbon will lead the marketing services company based in Gibraltar, Spryme Limited

‘Cybersift strikes a fine balance between security and user experience’ – CEO Brian Zarb Adami

21 May 2024
by Ramona Depares

Brian believes that the best security measures are invisible and don’t interfere with the user flow

AceOdds acquired by Better Collective

20 May 2024
by iGamingCapital.mt

Established in 2008, AceOdds was founded with the aim of providing UK sports enthusiasts with an easy-to-use betting calculator

See more