XO Market raises $6 million in seed funding for user-created prediction markets
XO Market raised $6 million in a seed round, the company said, with backing from Coinbase Ventures, 20VC, Picus Capital, Venture Together and angel investors. The company said its platform lets users create markets; it reported more than $150 million in trading volume, over 30,000 users and more than 600 user-created markets since its mainnet beta launch.
The funding supports a prediction-market platform whose user-created markets could broaden the events available to traders.