Newssos
Sports-based prediction markets app Onyx Odds has secured $20 million in a funding round led by Payward, the corporate parent of cryptocurrency exchange Kraken.
The raise puts the startup on a direct path toward Kalshi and Polymarket, the two companies the prediction markets space already recognizes as dominant.
Payward's Role and What It Signals Payward's decision to lead the round links Onyx Odds to one of the more established names in crypto infrastructure.
Kraken, operated by Payward, has run a digital asset exchange through multiple market cycles.
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