XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi
Backed by 20VC, Picus Capital and Coinbase Ventures; XO lets users create and profit from their own prediction markets, and plans to rollout a new vault product to democratize market making.
AI Summary
XO Market has raised $6 million in seed funding from investors including 20VC, Picus Capital, and Coinbase Ventures to build a platform where users can create and operate their own prediction markets rather than trading only on centrally curated markets. Unlike competitors like Polymarket and Kalshi that decide which markets to offer, XO positions itself as a decentralized alternative where individuals and companies can launch custom markets with their own parameters and fees. The platform currently has over 600 active listings and plans to introduce XO Vaults, a product allowing users to pool capital to provide liquidity across prediction markets.