Onyx Odds review: Is this prediction market legit?
Chris Jonat
Onyx Odds runs a free-to-play social sportsbook alongside a newer, CFTC-regulated market for trading sports-event contracts. New users get bonus picks with a $10 minimum purchase. Here's what you need to know about the prediction market app.
Quick facts: Onyx Odds review
| Founded | 2025, by CEO Leul Dadi |
| Parent company | Tsos Technologies, Inc. (Onyx Games LLC and Onyx Predictions LLC are affiliated entities) |
| Headquarters | New York, NY |
| Regulator / licensing | Onyx Predictions LLC is a guaranteed introducing broker and NFA member (NFA ID 0576468), cleared through NinjaTrader Clearing LLC, a CFTC-registered futures commission merchant and NFA member (NFA ID 0309379) |
| Platform type | Sweepstakes-style social sportsbook + CFTC-regulated sports-event contract trading; broader prediction markets in early access |
| Welcome bonus | Spend $10, get 200 in Bonus Picks |
| Promo code | None needed |
| Minimum first purchase | $10 |
| Redemption/payout speed | Up to 30 days (may take longer for redemptions over $500) |
| Trading fees | No stated fee on Virtual Coin purchases; possible handling fee on redemptions; sports-event contract fee schedule not publicly published |
| Deposit methods | Cards reported (Visa, Mastercard); ACH and digital wallets such as PayPal reported by third parties; Onyx has not published a complete list |
| Mobile apps | iOS (“Onyx - Sports Picks,” 4.8/5 from 13,000+ ratings); Android (open beta on Google Play) |
| Live/in-event markets | Yes |
| Legal age | 18+ (or the age of majority in your state) |
| Customer support | Email (contact@onyxodds.com), 24/7 Discord community; typical response within 12 hours |
My take on Onyx Odds
Chris Jonat, Content Manager
"I've reviewed several prediction markets, and Onyx Odds is an interesting option. It pairs real institutional backing and a low-effort bonus with a prediction market lineup that isn't fully open yet. It's still early in its development, but its growth in recent months is impressive. In my experience, that means that the operator could become a top option in the coming months and years. It already has a good base that users can enjoy right now."
Pros
- Sports-event contracts clear through a CFTC-regulated futures commission merchant that segregates customer funds
- Backed by a $20M Series A from Payward, Kraken's parent company, at a $220M valuation
- One account covers sports picks and event contract trading, with crypto trading coming fall 2026
- The iOS app holds a 4.8-star average across more than 13,000 App Store ratings
Cons
- Broader prediction-market categories (politics, culture, economics) remain early-access sign-up only
- Onyx hasn't published a fee schedule for sports-event contract trading yet
What is Onyx Odds?
Onyx Odds is a New York-based social sports platform. Its free-to-play side lets you build pick'em-style entries, including team picks, player picks, spreads, and parlays, using Virtual Coins that carry no cash value. Layered on top is Onyx Predictions, a CFTC-regulated venue where eligible users trade sports-event contracts instead of placing traditional bets.The two run on different structures. Onyx Games LLC operates the sweepstakes side directly. Onyx Predictions LLC doesn't hold trading funds itself. It's a guaranteed introducing broker that routes trades to NinjaTrader Clearing LLC, a regulated futures commission merchant that actually clears and custodies the positions. That setup differs from an exchange that holds its own designated contract market license directly.Founded in 2025 by CEO Leul Dadi, Onyx says it has grown to more than 900,000 users. In June 2026, it closed a $20 million Series A led by Payward (the parent company of crypto exchange Kraken), alongside Xfund and Breyer Capital, at a $220 million valuation and bringing total funding to $30 million. Payward's own Q2 2026 disclosures confirm Onyx Predictions is being built on Payward Services' licensed US derivatives infrastructure, which is part of why the “Is Onyx Odds legit?” question tends to resolve in its favor, provided you're clear on which side of the platform you're using.
Onyx Odds welcome bonus
New users who spend $10 get 200 in Bonus Picks. No promo code is required. It's a promotional credit for the free-to-play side, not cash, and typical eligibility rules apply: you'll need to be new to Onyx, located in one of its eligible states, and old enough to meet the platform's age requirement.For the full eligibility rules and how the credit is applied, see our Onyx Odds promo code page.
Is Onyx Odds legal in the US?
Onyx's free-to-play sportsbook is a sweepstakes-style game, not real-money gambling, which is why it can legally operate in 34 US jurisdictions without state-by-state sports betting licenses:
Legal states and availability
It's restricted in Washington, Idaho, Michigan, Montana, Alabama, Colorado, Connecticut, Illinois, Louisiana, Maryland, New Jersey, New York, Tennessee, West Virginia, and Nevada.The sports-event contract side works differently. Because Onyx Predictions is registered with the National Futures Association and clears through a CFTC-regulated futures commission merchant, it sits under federal commodities oversight rather than any single state's gambling law. That's the same regulatory lane used by other CFTC-regulated prediction market exchanges, and a different legal basis than traditional sports betting, which is licensed state by state.
Timeline:
Regulatory details are often changing in the prediction market space. We'll keep you updated whenever something changes.
Ongoing
Broader market category growth
- Broader prediction-market categories (politics, culture, economics) remain early-access, and crypto trading is slated for fall 2026
August 2026
New disclosure
- Payward's Q2 2026 disclosures confirm Onyx Predictions is building on its licensed US derivatives stack
June 2026
New Series A valuation
- Onyx closes a $20M Series A at a $220M valuation, led by Payward
2025
Onyx Odds launch
- Onyx Games LLC launches the free-to-play sweepstakes sportsbook, and Onyx Predictions LLC registers with the NFA as a guaranteed introducing broker
Onyx Odds key features
The standout feature is the clearing setup behind Onyx Predictions: sports-event contracts are cleared through NinjaTrader Clearing LLC, a CFTC-registered futures commission merchant that segregates customer funds and publishes daily segregation statements. That's a more transparent custody model than most sweepstakes apps offer, even if the broader market lineup is still filling in.
Markets offered
- Sports picks (live today): Team and player picks across major leagues, combinable into single entries, plus live in-game markets.
- Sports-event contracts (live today, via NinjaTrader): Trade on sports outcomes as regulated contracts rather than fixed-odds bets.
- Politics, culture, and economics markets (early access): Sign up only as of the writing of this review.
- Crypto trading (coming fall 2026): Onyx claims that it plans to roll out crypto event contracts for its users in the coming months.
Fees and trading costs
Buying Virtual Coins carries no stated purchase fee, though Onyx may apply a handling or payment-processing fee when you redeem an eligible prize. Onyx has not published a specific per-contract fee schedule for sports-event trading through NinjaTrader. Confirm current costs in the app before funding an account, since this is exactly the kind of detail that can change without much notice.How Onyx Odds compares
Onyx isn't the only place to trade event contracts. Here's a snapshot of how it stacks up against a few other prediction market platforms:
| Platform | Promo code | Welcome offer | Min deposit | Availability snapshot |
|---|---|---|---|---|
| Onyx Odds | None needed | Spend $10, get 200 in Bonus Picks | $10 | 34 states + DC; NY, NV, NJ, and 13 others excluded |
| Polymarket | CORG | $20 trading bonus | $10 | 48 states + DC; MI and NV excluded |
| ProphetX | CORG | $20 trading bonus | $10 | Most states + DC; AZ, CT, ID, LA, MI, MT, NV, NJ, NY, TN, and WA excluded |
| OG.com | Sign up with exclusive link | Trade $10, get $10 welcome bonus | $10 | 49 states + DC; NY excluded |
Onyx Odds deposits and withdrawals
Buying Virtual Coins starts at a $10 minimum, which also qualifies for the welcome bonus. Onyx hasn't published a complete list of accepted payment methods, but cards (Visa, Mastercard) are confirmed, and ACH transfers and digital wallets such as PayPal are commonly reported. Redemptions can take up to 30 days, potentially longer for amounts over $500.Funding a NinjaTrader-cleared account for sports-event contracts is a separate process with its own identity verification, handled through NinjaTrader rather than Onyx directly.
Onyx Odds mobile app
Onyx's mobile experience splits sharply by platform: iOS is mature and well-reviewed, while Android is still finding its footing in open beta.
iOS app
The app, listed as “Onyx - Sports Picks,” holds a 4.8-star average from more than 13,000 App Store ratings and sits at #55 on Apple's Sports chart. Reviewers frequently point to competitive lines and smooth payouts; others have flagged slower redemption times, echoing the 30-day window noted above.Android app
Onyx's Android app is live on Google Play but remains in open beta, with a far smaller review base than its iOS counterpart. Expect a rougher, less mature experience than the iOS version until it exits beta.App design
The app leans on a familiar sportsbook layout: a coin-balance display up top, tabbed navigation across All, Live, Futures, and featured events like the 2026 World Cup, and a search bar for finding specific games, teams, or players. Odds and live markets update inline as you browse.Recent app improvements
Onyx shipped iOS version 1.7 on August 13, 2026, with stability and input-handling fixes. The app is updated regularly with these types of fixes.Onyx Odds security and licensing
Onyx Predictions LLC is a guaranteed introducing broker and NFA member (NFA ID 0576468), clearing sports-event contracts through NinjaTrader Clearing LLC, a CFTC-registered futures commission merchant and NFA member (NFA ID 0309379). NinjaTrader maintains segregated customer funds and publishes daily segregation statements. Neither Onyx nor Onyx Predictions holds those funds directly.On the sweepstakes side, Onyx's privacy policy discloses identity-verification checks that can include biometric faceprint data, retained for up to three years through a third-party vendor. Onyx doesn't publish specific encryption standards on its site. We found no publicly reported security incidents involving Onyx as of August 2026.
Onyx Odds customer service
Support runs through email (contact@onyxodds.com) and a 24/7 Discord community, with responses typically arriving within 12 hours per Onyx's own terms. There's no publicly listed phone line or live chat, so anything urgent will likely route through Discord first. Trustpilot reviewers give Onyx a “Great” TrustScore in the high 3s out of 5 across around 175 reviews, with recurring praise for support responsiveness alongside some complaints about payout speed, consistent with the redemption timelines Onyx states itself.
Our verdict
Onyx Odds is a legitimate, well-funded platform with a different custody model for its sports-event contracts than most sweepstakes apps offer, but the full prediction-market vision, spanning politics, culture, and economics, is still rolling out rather than fully live. Try it for the free-to-play picks and the regulated sports-event contracts available now, and expect to wait for everything else.
Overall rating: 4.0/5 ⭐️⭐️⭐️⭐️
Onyx Odds FAQs
Is Onyx Odds legit?
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Is Onyx Odds a real prediction market or just a sweepstakes app?
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Does Onyx Odds have an Android app?
Content Manager
Chris has been working in iGaming for 15 years. He has previously worked on online casinos, sportsbooks, iPoker, and the crypto industry, all of which help inform his expert coverage of the emerging prediction markets scene. We may earn a small commission from some links, but Chris's trustworthy insights are always impartial, helping you make the best decision.
Chief Gaming Officer at Casino.org
As a fact-checker, and our Chief Gaming Officer, Alex Korsager verifies all prediction market details on this page. He manually compares our pages with the prediction app, and if anything is unclear, he contacts the operator. In short, Alex ensures you can make an informed and accurate decision.
