Onyx Odds has raised $20 million in a funding round, with Payward, the parent company of Kraken, leading the investment.
This funding will support Onyx Odds as it aims to establish itself in the prediction markets sector, which includes established players like Kalshi and Polymarket.
The entry of Onyx Odds into this competitive market highlights the growing interest in sports-based prediction platforms and the potential for innovation in this space.