OmenX Raises Seed Round, Launches Testnet for Leveraged Prediction Markets
OmenX closed a multi-million dollar seed round and launched a public testnet bringing leveraged, perpetual-style prediction markets to Base.
OmenXTL;DR:
- OmenX introduces leverage to prediction markets, letting traders adjust positions without locking funds until settlement.
- The seed round drew venture firms and exchange founders, though the exact amount and valuation weren't disclosed.
- The public testnet is live now, with mainnet on Base planned next.
- The platform includes a matching engine built for fast-moving, news-driven markets.
- AI forecasting agents are planned for after testnet to help with data verification.
OmenX Brings Leverage to Prediction Markets
OmenX, a decentralized platform for trading on real-world events, closed a multi-million dollar seed round on March 30, 2026. The funding comes as prediction markets look for ways to make better use of locked capital. OmenX's approach borrows from crypto futures: traders can use leverage and adjust positions instantly rather than waiting for events to settle.
The round includes venture firms and founders from centralized exchanges. OmenX launched its public testnet the same day, offering a points-based rewards system for users who test the leveraged trading features. The platform runs on Base, Coinbase's Ethereum Layer 2 network, with mainnet planned to follow.
Founder James, who previously ran futures at Binance and Bybit, said the goal is treating global events as liquid assets. The team plans to add AI-driven forecasting agents after testnet to help verify data. Prediction markets have passed $1 billion in volume thanks to platforms like Polymarket, but OmenX is betting that capital efficiency is the next problem to solve.
What's Next After the Testnet
With funding in hand, OmenX is building tools aimed at professional traders, including a matching engine designed for volatile, news-driven markets. Anyone can try the testnet now at beta.omenx.com.
The company hasn't said exactly how it will use the funds beyond testnet and mainnet preparation. No valuation was disclosed. Having centralized exchange founders involved could help OmenX navigate the operational challenges that come with scaling a leveraged trading platform.
| Fact | Details | |------|---------| | Project | OmenX | | Sector / Category | Decentralized Prediction Markets / DeFi | | Funding Round | Seed | | Amount Raised | Multi-million dollars (exact amount not disclosed) | | Valuation | Not disclosed | | Lead Investor(s) | Not specified | | Notable Participants | Paramita VC, Penrose Ventures, M77 Ventures, founders of several centralized exchanges | | Disclosure Gaps | Exact funding amount and lead investor not revealed |
- Paramita VC, Penrose Ventures, and M77 Ventures participated in the round.
- Several centralized exchange founders also invested, bringing operational experience with leverage mechanics.
- The testnet launched alongside the funding announcement.
- Mainnet will deploy on Base L2 for Ethereum compatibility.
- All sources report consistent details about the round.
This is one of the first leveraged prediction market platforms. If it works, it could attract professional traders who currently sit out static prediction markets. The investor lineup suggests there's real interest in event-based derivatives, even if the specifics remain vague. Updates on the AI integration are expected after testnet wraps up.
Bottom line: Investors are putting money into prediction market infrastructure that goes beyond simple betting.