Overview
- XO Market closed a $6 million seed round led by 20VC, Picus Capital, Coinbase Ventures and Venture Together, with angels including Australian cricket captain Pat Cummins.
- Unlike curated rivals such as Polymarket and Kalshi, XO lets anyone spin up a market where people trade on real‑world outcomes and set their own fees.
- Since its mainnet beta in mid-November, the company reports more than $150 million in trading volume, over 30,000 users and 600-plus user-created markets.
- XO says its upcoming XO Vaults will let users pool funds to provide liquidity across many markets, with targeted annual yields of about 8% to 10% and a launch expected within weeks.
- The team is also developing XO Stories, a parlays-like tool that links multiple outcomes with dynamic pricing, as prediction markets scale and face tighter U.S. scrutiny.