Onyx Odds is a real US company platform run by Onyx Games LLC, with a sister company, Onyx Predictions LLC, registered with the CFTC as an introducing broker. Its disclosures say customer funds sit with NinjaTrader Clearing, not with Onyx. The catch is that event contracts are a financial product and you can lose everything you put in.
Onyx Odds keeps popping up in sports feeds, and it doesn't look like a normal betting app, which is probably why you're searching. I can't test it for you, and I won't pretend a quick read makes it risk free. What I can do is set out what the company's own disclosure says, what the press has reported, and the questions to answer before you put money in.
Who is behind Onyx Odds
Onyx Odds' site disclosure says Onyx Games LLC is a technology company that supports the Onyx Odds platform. It's affiliated with Onyx Predictions LLC, and both are under the common ownership of Tsos Technologies, Inc. So there's a named company structure behind the brand, which is a better starting point than an app with no company details at all.
On the money side, The Block reported that Onyx Odds raised 20 million dollars in a Series A round led by Payward, the parent company of the Kraken exchange, at a valuation of 220 million dollars. The Block describes it as a sports prediction markets app. Outside investors don't make a product safe, but they do tell you it isn't a one-person side project.
How Onyx Predictions fits in
The disclosure says Onyx Predictions LLC is an introducing broker registered with the Commodity Futures Trading Commission, and an NFA member. It gives the NFA ID as 0576468, so you can search the National Futures Association's public register yourself and check the entry matches.
That wording matters. It describes a futures-style structure, not a casino, and event contracts are traded rather than simply played. If you don't know what an event contract is, treat that as a reason to learn before you deposit, not after.
Where your money is held at Onyx Odds
The disclosure says Onyx Predictions neither accepts nor holds customer funds, and that customer accounts are carried by NinjaTrader Clearing, LLC. It describes that company as a CFTC-registered futures commission merchant. In plain terms, for the trading side, your funds are meant to sit with the clearing firm and not with Onyx.
The same page says NinjaTrader Clearing may clear event contracts through Kalshi Klear LLC, and it states that NinjaTrader is not affiliated with Kalshi. I mention that because people sometimes assume the names mean the companies are linked, and the disclosure says they aren't.
| What I checked | What Onyx Odds' own pages say |
|---|---|
| Who runs the platform | Onyx Games LLC, a technology company supporting the Onyx Odds platform |
| Who is registered with the CFTC | Onyx Predictions LLC, as an introducing broker |
| Who holds customer money | Onyx Predictions says it doesn't; accounts are carried by NinjaTrader Clearing, LLC |
| Common owner | Tsos Technologies, Inc. |
| Risk warning | An investor may lose all or more than the initial investment |
What regulators and the press say about prediction markets like Onyx Odds
The Block reported that the CFTC, led by Chair Michael Selig, claims exclusive jurisdiction over prediction markets, and that there's an ongoing debate over whether sports-focused prediction markets should be regulated at state or federal level. That debate affects you directly, because rules can differ depending on where you live and can change.
I couldn't confirm Onyx Odds' age rule, its list of excluded states or its withdrawal rules from its own pages, because the terms and help pages I tried to open wouldn't load. Please read those inside the app before you register. I'd treat any website that lists them from memory, especially one pushing a sign-up bonus, with caution.
The real risk with Onyx Odds
Onyx's disclosure is blunt: an investor may lose all or more than the initial investment, and trading should only use funds you can afford to lose. This is not a game where a bad run costs you a few points. If a contract goes against you, the stake can go to zero.
- Set a limit before you deposit and keep to it, even after a loss.
- Never chase losses by adding more money.
- Don't use rent, bills or business cash.
- Check which side of the app you're using, because the rules and risks differ.
I'm not giving financial advice or saying whether you should use it. If gambling or trading is causing you trouble, speak to a licensed adviser or your local support service.
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Fake Onyx Odds apps and support scams
Whenever a new finance-style app gets attention, copycats follow. Treat these as red flags:
- Someone messages you offering inside tips or sure wins.
- A person says they're Onyx support and asks for your password, a code or your card details.
- A link in an advert or direct message asks you to download an app from outside the official app stores.
- Anyone asks you to send money by bank transfer, gift card or crypto to a personal account to release a withdrawal.
Go to the official site by typing the address yourself, and contact support only through channels listed there. Because it's a trading product, also check the registration number against the public register. If you're new to the language, my guide on reading betting odds is a gentle start, and this look at Stake.us and the sweepstakes model shows how a different kind of app is built.
Is Onyx Odds legit?
On the evidence I could read, it's a real company structure with a named operator, a CFTC-registered introducing broker and a clearing firm that holds the accounts. That's different from being risk free. Read the terms in the app, confirm the registration, and only use money you can afford to lose.
Frequently asked questions
Is Onyx Odds legit?
Its disclosure names Onyx Games LLC as the platform's technology company and Onyx Predictions LLC as a CFTC-registered introducing broker. That's a real structure, but you can still lose money.
Who holds my money on Onyx Odds?
The disclosure says Onyx Predictions doesn't accept or hold customer funds and that accounts are carried by NinjaTrader Clearing, LLC.
Is Onyx Odds connected to Kalshi?
The disclosure says NinjaTrader Clearing may clear event contracts through Kalshi Klear LLC, and that NinjaTrader is not affiliated with Kalshi. It doesn't say Onyx is Kalshi.
Can I lose all my money on Onyx Odds?
Yes. Its disclosure warns an investor may lose all or more than the initial investment.
Who invests in Onyx Odds?
The Block reported a 20 million dollar Series A led by Payward, parent company of Kraken, at a 220 million dollar valuation.
Where can I check its registration?
The disclosure gives the NFA ID as 0576468. Search it on the National Futures Association's public register.
