OmenX, a prediction trading platform, has raised a multi-million dollar seed funding round. The round saw participation from Paramita VC, Penrose Ventures, M77 Ventures, and founders of several centralized exchanges. OmenX is a prediction trading platform that turns real-world events into tradable markets.
OmenX has officially launched its public testnet along with the funding announcement, introducing one of the industry’s first leveraged prediction markets. The platform enables users to trade outcomes of major global events including politics, cryptocurrency prices, sports results, and breaking news. Unlike conventional prediction platforms where traders’ capital stays locked until the event concludes, OmenX brings perpetual-style leverage mechanics. This allows users to open, close, or adjust positions instantly with leverage, significantly improving capital efficiency and enabling faster hedging strategies.
Funding Overview
- Company: OmenX
- Round: Multi-million dollar seed (angel) funding
- Announcement date: March 30, 2026
- Amount: Multi-million dollars (exact figure undisclosed)
- Key investors: Paramita VC, Penrose Ventures, M77 Ventures, and founders of several centralized exchanges
- Use of funds / milestone: Launch of the OmenX Public Testnet with industry-first leveraged trading mechanics
About the Company
OmenX operates a prediction trading platform where users can trade outcomes of real-world events such as politics, crypto prices, sports, and global news. The platform introduces perpetual-style leverage, which allows traders to open and close positions instantly instead of locking capital until the event is settled.
This approach improves capital efficiency and enables faster hedging. The public testnet is now live, allowing users to test leveraged trading and participate in the OmenX Points System. OmenX plans to launch its mainnet on Base, Coinbase’s Ethereum Layer 2, and introduce AI-driven forecasting agents later.
James, Founder of OmenX and former Head of Futures at Binance and Bybit, leads the project.
Investors
- Paramita VC
- Penrose Ventures
- M77 Ventures
The round received backing from a strategic consortium of North American and global venture firms.
Market Context
The prediction market sector has grown significantly, crossing $1 billion in trading volume. Existing platforms such as Polymarket often require users to lock funds in positions until events resolve, leading to capital inefficiency.
OmenX aims to address this by applying perpetual-style leverage to event-based trading. This allows quicker position management and better risk handling in fast-moving markets.
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