The leveraged prediction trading platform OmenX announced the completion of a multi-million dollar seed round financing, with participation from Paramita VC and others

According to The Block, the leveraged prediction trading platform OmenX announced the completion of a multi-million dollar seed round financing, with participation from institutions such as Paramita VC, Penrose Ventures, M77 Ventures, and several founders of centralized exchanges.

It is reported that OmenX focuses on transforming real-world events into tradable markets and introduces a leveraged mechanism similar to perpetual contracts into the prediction market space, aiming to enhance capital efficiency and institutional-level risk hedging capabilities. OmenX founder James stated, "OmenX is not just a prediction market, but an infrastructure that can treat global events as a class of liquid tradable assets with institutional-level leverage."

Currently, the OmenX Public Testnet has officially opened to the global community, allowing users to participate in the OmenX points system, which is an incentive framework designed to encourage the community to stress test the platform's leverage mechanism and liquidity depth. OmenX is preparing for the subsequent full mainnet launch and plans to deploy on the Base network.