OmenX Secures Multi-Million Dollar Seed Funding to Launch Industry-First Leveraged Prediction Market; Public Testnet Now Live
OmenX, a prediction buying and selling platform that turns real-world occasions into tradable markets, in the present day introduced the profitable shut of its multi-million greenback angel funding spherical. The announcement marks the official launch of the OmenX Public Testnet, bringing in one of many world’s first leverage mechanics to the quickly increasing prediction market trade.
The funding spherical noticed participation from a strategic consortium of North American and international enterprise corporations, together with Paramita VC, Penrose Ventures, and M77 Ventures, alongside the founders of a number of centralized exchanges.
While platforms like Polymarket have high volumes, the sector stays hindered by capital inefficiency, typically requiring customers to lock up substantial liquidity in static positions till settlement. OmenX transforms this expertise by introducing a high-performance occasion primarily based buying and selling surroundings the place capital works more durable. By integrating the seamless, high velocity mechanics of crypto perpetuals, OmenX permits merchants to amplify their conviction via leverage whereas sustaining the pliability to enter and exit positions immediately. This shift from static betting to a fluid, capital environment friendly market considerably lowers the barrier to entry, enabling customers to handle international danger and seize market actions with the pace and seamless motion on the platform.
“The world has seen what prediction markets can do for value discovery. Now, OmenX is displaying what they will do for skilled merchants,” remarked James, Founder of OmenX and Former Head of Futures at Binance and Bybit. “We aren’t simply constructing a prediction market; we’re constructing the infrastructure to deal with international occasions as a liquid, tradeable asset class with institutional-grade leverage.
The OmenX group, composed of consultants within the scaling leverage ecosystem, has engineered an identical engine able to dealing with the volatility of world information cycles. Following the Testnet launch, OmenX will introduce AI-driven forecasting brokers, additional decentralizing the “fact layer” of the web.
The OmenX Public Testnet is now open to the worldwide group. Participants are invited to be part of the OmenX Points System, a rewards framework designed to incentivize the stress-testing of the platform’s leveraged mechanics and liquidity depth. OmenX is positioning itself for a complete Mainnet launch on Base, the Ethereum Layer 2 incubated by Coinbase. By constructing on the Base ecosystem, OmenX ensures institutional-grade safety and high-speed execution for each commerce. Further particulars shall be launched by way of official channels.
About OmenX
OmenX is the foundational infrastructure for the subsequent era of event-based derivatives. By merging the pace of top-tier change engines with the transparency of on-chain information, OmenX makes outcome-based buying and selling liquid, versatile, and accessible to a world viewers.
To study extra about OmenX, please go to: https://beta.omenx.com/
For media enquiries, please contact:
Amanda Tong
Press Representative on behalf of OmenX
EMERGE Group
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