{"id":3255,"date":"2026-07-04T17:58:44","date_gmt":"2026-07-04T17:58:44","guid":{"rendered":"https:\/\/www.bettingjobs.com\/?p=3255"},"modified":"2026-07-04T17:58:44","modified_gmt":"2026-07-04T17:58:44","slug":"prediction-market-funding-rolls-on-with-onyx-odds-20m-series-a","status":"publish","type":"post","link":"https:\/\/www.bettingjobs.com\/bettingstartups-bettingjobs-partnerships\/prediction-market-funding-rolls-on-with-onyx-odds-20m-series-a\/","title":{"rendered":"Prediction market funding rolls on with Onyx Odds&#8217; $20M Series A"},"content":{"rendered":"<div><\/div>\n<p><b>The news:<\/b><span style=\"font-weight: 400;\"> Onyx Odds, a social sports prediction platform, <\/span><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260617562600\/en\/Onyx-Odds-Announces-Series-A-Valuing-Company-at-%24220M?utm_source=news.bettingstartups.com&amp;utm_medium=referral&amp;utm_campaign=this-week-prediction-market-funding-rolls-on-with-onyx-odds-20m-series-a\"><i><span style=\"font-weight: 400;\">raised a $20M Series A<\/span><\/i><\/a><span style=\"font-weight: 400;\"> led by Payward (the parent company behind Kraken) at a $220M valuation, less than a year after coming out of beta. The platform enables users to engage with sports outcomes through exchange-traded instruments, offering a market-driven alternative to traditional sports participation.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Zoom in:<\/b><span style=\"font-weight: 400;\"> As part of the deal, Onyx Odds will integrate with Payward Services to run its prediction markets offering on Payward&#8217;s licensed US derivatives stack and embed crypto trading inside the Onyx app. &#8220;This investment marks a major milestone for Onyx Odds and validates the strength of both our platform and our vision,&#8221; said founder and CEO Leul Dadi.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Why it matters:<\/b><span style=\"font-weight: 400;\"> Investor appetite for prediction markets shows no signs of slowing. Just in the last six months: Novig <\/span><a href=\"https:\/\/news.bettingstartups.com\/p\/novig-raises-75m-for-sports-prediction-market\"><i><span style=\"font-weight: 400;\">raised a $75M Series B<\/span><\/i><\/a><span style=\"font-weight: 400;\">; Pumpcade <\/span><a href=\"https:\/\/news.bettingstartups.com\/p\/pumpcade-courts-5m-after-pre-seed-round\"><i><span style=\"font-weight: 400;\">closed a $5M seed<\/span><\/i><\/a><span style=\"font-weight: 400;\"> just weeks after <\/span><a href=\"https:\/\/news.bettingstartups.com\/p\/packz-raises-10-7m-for-trading-card-platform-draftkings#pumpcade\"><i><span style=\"font-weight: 400;\">its pre-seed<\/span><\/i><\/a><span style=\"font-weight: 400;\">; XO Market <\/span><a href=\"https:\/\/news.bettingstartups.com\/p\/xo-market-raises-6m-youtube-of-prediction-markets#elastic\"><i><span style=\"font-weight: 400;\">raised $6M<\/span><\/i><\/a><span style=\"font-weight: 400;\"> to build the \u201cYouTube of prediction markets\u201d; Elastics <\/span><a href=\"https:\/\/news.bettingstartups.com\/p\/xo-market-raises-6m-youtube-of-prediction-markets#elastic\"><i><span style=\"font-weight: 400;\">snared a $2M pre-seed<\/span><\/i><\/a><span style=\"font-weight: 400;\"> for its AI agents, and much more. Onyx Odds landing a $220M valuation on less than $8M in prior funding is further confirmation that early-stage capital is chasing outsized returns in the category.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/news.bettingstartups.com\/p\/prediction-market-funding-onyx-odds-20m-series-a?utm_source=news.bettingstartups.com&amp;utm_medium=newsletter&amp;utm_campaign=this-week-prediction-market-funding-rolls-on-with-onyx-odds-20m-series-a&amp;_bhlid=39bcda5fc90080f1545c91d5e88947a03fea9173\">Like what you see? SUBSCRIBE to BettingStartups to access the full article!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news: Onyx Odds, a social sports prediction platform, raised a $20M Series A led by Payward (the parent company behind Kraken) at a $220M valuation, less than a year after coming out of beta. The platform enables users to engage with sports outcomes through exchange-traded instruments, offering a market-driven alternative to traditional sports participation.&hellip;<\/p>\n","protected":false},"author":13,"featured_media":3253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[23],"tags":[],"class_list":["post-3255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bettingstartups-bettingjobs-partnerships"],"acf":[],"post_author_name":"","post_authors_type":"","post_authors_from_team_members":false,"_links":{"self":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/comments?post=3255"}],"version-history":[{"count":3,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3255\/revisions"}],"predecessor-version":[{"id":3260,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3255\/revisions\/3260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/media\/3253"}],"wp:attachment":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/media?parent=3255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/categories?post=3255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/tags?post=3255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}