OmenX, a prediction trading platform that transforms real-world events into tradable markets, today announced the successful close of a multi-million dollar angel funding round and the official launch of its Public Testnet — one of the first leveraged prediction market mechanics in the industry.
Funding and Team Background
The round saw participation from a strategic consortium of North American and global venture firms including Paramita VC, Penrose Ventures, and M77 Ventures, along with founders of several centralized exchanges. OmenX was founded by James, former Head of Futures at Binance and Bybit, who brings deep expertise in scaling leveraged ecosystems. The team comprises veterans in exchange engine development and risk management.
Leveraged Prediction Market Mechanics
While high-volume platforms like Polymarket exist, the sector suffers from capital inefficiency — users often lock significant liquidity in static positions until settlement. OmenX changes this by integrating seamless, high-speed crypto perpetual mechanics. Traders can amplify convictions through leverage while maintaining the flexibility to open and close positions instantly. This shift from static betting to a liquid, capital-efficient market significantly lowers the barrier to entry, enabling users to manage global risk and capture market movements with speed and precision.
The OmenX matching engine is engineered to handle volatility from global news cycles. Post-testnet, the team plans to introduce AI-powered prediction agents to further decentralize the internet's "truth layer."
Testnet and Mainnet Plan
The Public Testnet is now open to the global community, featuring a Points System designed to stress-test leveraged mechanics and liquidity depth. The full Mainnet launch will take place on Base, Coinbase’s Ethereum Layer 2, ensuring institutional-grade security and high-speed execution for all trades. Further details will be released via official channels.
OmenX positions itself as essential infrastructure for the next generation of event-based derivatives, blending exchange-grade engine speed with on-chain data transparency to make outcome-based trading liquid, flexible, and accessible to a global audience. Visit https://beta.omenx.com/ for more information.
Disclaimer: This article is based on a press release and does not constitute investment advice.