Prediction Market Startup OnyxOdds Secures $20 Million... Valued at $220 Million

Digitaltrends reporter Hwang Chigyu reports that prediction market app OnyxOdds raised $20 million in Series A funding led by Kraken parent company Payward. OnyxOdds was valued at $220 million in this round, with the company linking its platform to Payward Services' B2B infrastructure to support Payward's product suite. Crypto trading features will also be integrated into the OnyxOdds app. Prediction markets are being driven by Cali and Polymarket through aggressive marketing, with Cali recently securing $1 billion in funding and achieving a $22 billion valuation.