Sports betting app Onyx Odds raises $20 million in round led by Kraken parent Payward
The Block·
60-second summary
Onyx Odds, a sports betting app, raises $20 million in a funding round led by Payward, the parent company of Kraken. The app will enter a crowded prediction markets space, competing with established leaders Kalshi and Polymarket.
The app will face stiff competition in the prediction markets space, competing with dominant market leaders Kalshi and Polymarket.