Updated
Updated · Sports Business Journal · Jul 30
Mets Sign Novig in MLB-First Prediction Market Deal After $75 Million Raise
Updated
Updated · Sports Business Journal · Jul 30

Mets Sign Novig in MLB-First Prediction Market Deal After $75 Million Raise

3 articles · Updated · Sports Business Journal · Jul 30

Summary

  • Novig became the Mets’ exclusive prediction market partner in MLB’s first team sponsorship in the category, with ballpark, broadcast, digital and social activations set to begin soon.
  • CFTC approval last month and MLB authorization this week cleared Novig to use official league data and operate within baseball’s integrity framework, helping the Mets justify the new category.
  • The partners said the deal is aimed at fan education and future interactive gaming experiences, while giving Novig a brand-awareness boost against better-known rivals Kalshi and Polymarket.
  • Only three pro team prediction-market sponsorships are now known — the Mets deal following NHL agreements linking Polymarket with the Rangers and Kalshi with the Blackhawks.
  • Novig, a New York-based sports-only platform, has raised $99.4 million across seed, Series A and a $75 million Series B as prediction markets draw wider attention and regulatory scrutiny.

Insights

Why did the Mets choose Novig for MLB’s first team prediction-market deal, and what does it reveal about sports trading’s next phase?
Can Novig’s federally regulated, zero-vig model win over fans and regulators as prediction markets move deeper into mainstream baseball?