OmenX Launches Mainnet with 5x Leverage on Base, Introduces Hedge-to-Earn

OmenX officially launched its mainnet on May 19, introducing what it describes as the first live leveraged prediction market platform. Built natively on Base, OmenX allows users to trade prediction market assets with up to 5x leverage at launch, with plans to expand to 10x leverage as market conditions mature. The platform also unveiled Hedge-to-Earn, a campaign targeting existing Polymarket users with incentives to hedge or extend their exposure using leveraged event trading. OmenX has closed a multi-million-dollar angel round from investors including Paramita Ventures, Penrose Ventures, and M77 Ventures.