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About OmenX
OmenX is a leveraged prediction market built natively on Base, positioning itself as a derivatives platform for event outcomes. Unlike traditional prediction markets like Polymarket where users buy YES/NO shares with full collateral and wait for settlement, OmenX allows users to open leveraged positions with margin, trade the volatility of outcome probabilities, and go long or short, close, or hedge at any time before the event ends. Its core narrative is transforming prediction markets from a 'spot' experience into a 'derivative' one, enabling higher capital efficiency and active risk management.
The main pain point it addresses is the inefficiency of traditional prediction markets: capital is locked up, users can only passively wait for results, and there is no way to hedge or adjust exposure dynamically. OmenX solves this by introducing leverage, shorting, and hedging tools, making event trading more like professional derivatives trading.
In the past six months (2026-03-04 to 2026-09-04), OmenX launched its mainnet and reported strong early traction: in the first week, it gained over 3,200 new users, with trading volume exceeding $43 million and daily active traders around 2,000. Its testnet phase accumulated about 140,000 interactive addresses over three months. The platform also introduced a 'Hedge-to-Earn' campaign targeting existing Polymarket users, allowing them to claim hedging positions based on their current holdings. Additionally, OmenX has been focusing on sports events, particularly in-play prediction during the World Cup, to lower user education costs and drive adoption.
However, the project faces significant risks inherent to leveraged prediction markets: event-driven price jumps can cause liquidation and bad debt, thin liquidity on niche events can lead to extreme slippage, and black swan events near settlement can amplify losses non-linearly. These challenges remain core hurdles for the platform's long-term stability.
In the past six months (2026-03-07 to 2026-09-07), OmenX's key progress:
In March 2026, OmenX completed a multi-million dollar seed round and launched the industry's first leveraged prediction market public testnet, built on Base, with plans to introduce AI-driven forecasting agents. In May, the mainnet officially launched, becoming the first live leveraged prediction market, supporting up to 5x leverage, with plans to increase to 10x. Simultaneously, the Hedge-to-Earn campaign was launched for Polymarket position holders, offering hedging rewards. In the first week after mainnet launch, trading volume exceeded $43 million, and the testnet accumulated 140,000 addresses. OmenX focuses on real-time sports predictions, especially World Cup-related markets.
Future development focus and roadmap:
- Expand leverage cap to 10x to improve capital efficiency.
- Launch API and professional trading features to attract professional traders.
- Explore lending, wealth management products, and build event-asset infrastructure.
- Continuously optimize sports prediction markets and plan to introduce AI agents.
James Chang, Founder & CEO of OmenX. Previously held senior roles at Binance Futures, Bybit (Head of Global Product Marketing; Head of Futures), and HTX (Director). He has over 12 years of experience in trading products and derivatives. He holds an MSx from Stanford GSB and co-founded Mtedu.com. OmenX is an event-based perpetual trading platform that turns real-world events into leveraged, tradeable markets with long/short and hedging capabilities. Public information only confirms James as the sole co-founder; no other executives are disclosed.