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Novig valued at $2bn after Sydney Sweeney's sports ad drew criticism

Sports prediction platform Novig, in which actress Sydney Sweeney holds an equity stake, is reported to have risen in valuation from $500m to $2bn. Her nude-styled "Just Sports" ad drew criticism from athletes and columnists.

2 outlets · 0L · 0C · 2R First reported Account updated
Image: Fox News
Image: Daily Mail

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The story, neutrally told

Right · 1Novig, a sports prediction platform, has seen its valuation rise from $500 million to $2 billion, according to the Wall Street Journal as relayed by the Daily Mail. Right · 2Actress Sydney Sweeney holds an equity stake in the company, which she secured before appearing in its "Just Sports" ad campaign; how much she invested or owns is not known. Right · 1The Daily Mail said that even a 1% share would now be worth $20 million, and the Wall Street Journal reported that Novig could raise more capital soon at a higher valuation.

Right · 2In the ad, released in the middle of last month, Sweeney appears with sports equipment covering her body; the Daily Mail describes her as naked, while Fox News says the attire covered just enough to clear broadcast standards. Right · 1Novig is a prediction market app similar to Polymarket and Kalshi that only allows predictions on sports; in the ad Sweeney says there is "No betting on wars or deaths and no politics." Right · 2The ad was criticised by female athletes and columnists, including British sprinter Amy Hunt, Australian boxer Skye Nicolson and swimmer Ariarne Titmus, who reportedly called it a "kick in the face" to female athletes; Guardian and USA Today columnists also wrote critical pieces.

Right · 1The Daily Mail also reported that Sweeney lost more than 200,000 Instagram followers after the campaign launched. Right · 1Novig CEO Jacob Fortinsky said Sweeney drove much of the visuals and messaging, and Sweeney told Complex she wanted to be involved beyond being the face of the company. Right · 1Fox News's columnist argued that how much the ad contributed to the fourfold rise since February cannot be known, but suggested it added at least a few hundred million dollars, and noted American Eagle shares rose 10 percent in a day after Sweeney's July 2025 jeans campaign.

Every sentence links to the reporting it rests on. The pill in front of each says where its sources sit: Left, Centre or Right when one side supplies at least half of them, Mixed when they are evenly split. The number is how many outlets it cites.

Left0 outlets

No left outlet in our sources has covered this story yet.

Centre0 outlets

No centre outlet in our sources has covered this story yet.

Right2 outlets

Framing
Both outlets present the valuation rise as vindication for Sweeney against her critics. Fox News is an opinion column attacking 'jealous' media; the Daily Mail is a showbiz report saying she is 'having the last laugh'.
Emphasis
Sweeney's business success, the size of the valuation jump, and the backlash against the ad. The Daily Mail adds the Wall Street Journal valuation report, quotes from Novig's CEO and Sweeney, and her Instagram follower loss.
Leaves out or plays down
Neither outlet includes a Novig statement on how much the ad drove growth; no left or centre outlets are in the coverage, and neither article explores regulatory or ethical concerns about prediction markets.
Charged language
“Jealous media”“ultimate boss”“naked ad campaign”“publicly crucified”“smoke show”“raunchy”
For example
“The contempt critics have for her isn't rooted in principle. It's rooted in jealousy.” — Fox News
“it looks like the actress is having the last laugh.” — Daily Mail