Onyx Odds Announces Series A Valuing Company at $220M

▤ Summary

Onyx Odds raised a $20 million Series A and reached a $220 million valuation less than a year after coming out of beta. The company positions itself as a social sports prediction platform that lets users trade on sports outcomes. The round was led by Payward, and the investment also ties Onyx Odds into Payward Services for prediction markets and crypto trading. The deal gives Onyx a regulated infrastructure stack while giving Payward a deeper foothold in emerging prediction markets.

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