Leverage prediction trading platform OmenX announces completion of several million dollars in seed funding, with participation from Paramita VC and others.

Mars Finance reports that, according to The Block, the leveraged prediction trading platform OmenX has announced the completion of a seed round worth several million dollars. This round was backed by investors including Paramita VC, Penrose Ventures, M77 Ventures, and several other organizations, as well as the founders of multiple centralized exchanges participating. It is understood that OmenX focuses on turning real-world events into tradable markets, and introducing leverage mechanisms similar to perpetual contracts into the prediction market space, aiming to improve capital efficiency and provide institutional-grade risk hedging capabilities. OmenX founder James said, “OmenX is not just a prediction market; it’s an infrastructure that treats global events as a liquidity and tradable asset class with institutional-grade leverage.” Currently, the OmenX Public Testnet has officially been opened to the global community. Users can participate in the OmenX points system; this incentive framework is designed to encourage the community to stress-test the platform’s leverage mechanisms and liquidity depth. OmenX is preparing for a subsequent full mainnet launch and plans to deploy on the Base network.