Onyx Odds, based in New York, a social sports prediction platform, has raised $20 million in a Series A funding round. This latest investment brings the company to a valuation of $220 million, less than one year after the company emerged from beta.

The funding round was led by Payward, the parent company behind Kraken, NinjaTrader, and Bitnomial.

Onyx Odds plans to integrate its platform with Payward Services to power its prediction markets on Payward’s US derivatives stack. The capital will also be used to embed crypto trading capabilities directly into the Onyx application and scale operations by leveraging Payward’s existing infrastructure, licenses, and vendor relationships.

Founded in 2025, Onyx Odds is headquartered in New York City. The company operates a social sports prediction platform that allows users to engage with sports outcomes through exchange-traded instruments, providing a market-driven approach to sports betting and prediction.