Kraken parent Payward leads $20 million Series A in sports prediction app Onyx Odds

Sports betting app Onyx Odds raises $20 million in round led by Kraken parent Payward

Onyx Odds raised $20M from Payward (Kraken's parent) at $220M valuation, entering a crowded prediction markets space where Kalshi and Polymarket dominate. CFTC regulatory clarity and endorsement by major exchanges (Kraken, Coinbase, Meta) validates prediction markets as a legitimate fintech/derivatives vertical.