---
title: "Sports-based prediction markets app Onyx Odds raises $20 million in round led by Kraken parent Payward"
url: https://thecoingazette.com/sports-based-prediction-markets-app-onyx-odds-raises-20-million-in-round-led-by-kraken-parent-payward/
date: 2026-06-24
modified: 2026-06-24
author: "Coin Gazette Editorial"
description: "The app will face stiff competition in the prediction markets space, competing with dominant market leaders Kalshi and Polymarket."
categories:
  - "Crypto News"
tags:
  - "Deals"
  - "Kalshi"
  - "kraken"
  - "Market"
  - "Markets"
  - "payward"
  - "polymarket"
  - "prediction markets"
  - "Sports"
  - "The Block"
word_count: 19
---

# Sports-based prediction markets app Onyx Odds raises $20 million in round led by Kraken parent Payward

The app will face stiff competition in the prediction markets space, competing with dominant market leaders Kalshi and Polymarket.