Onyx Odds Raises $20 Million in Series A Led by Payward, Kraken's Parent Company

According to statements Wednesday, Onyx Odds, a prediction markets app for sports betting, raised $20 million in Series A funding led by Payward, the parent company of cryptocurrency exchange Kraken. The funding valued Onyx Odds at $220 million. The investment comes less than two years after launch and less than one year after the app exited beta. As part of the deal, Onyx Odds will integrate with Payward Services and offer crypto trading within the app.
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