XO Market bets on user-generated prediction markets to rival Polymarket and Kalshi
XO Market is launching a user-generated prediction market platform to compete with curated services like Polymarket and Kalshi, allowing users to create and profit from their own markets. The startup has raised $6 million in seed funding and reported over $150 million in trading volume since its mainnet beta launch in November 2025. XO plans to introduce 'XO Vaults' to democratize market making by enabling users to pool capital for liquidity provision across markets.
- ▪XO Market has raised $6 million in a seed round led by 20VC, Picus Capital, Coinbase Ventures, and others, including Australian cricket captain Pat Cummins.
- ▪The platform has facilitated over $150 million in trading volume, attracted more than 30,000 users, and hosted over 600 user-created markets since its mainnet beta launch in November 2025.
- ▪Unlike Polymarket and Kalshi, XO Market allows users to create their own prediction markets with custom parameters and fees, promoting a decentralized, community-driven model.
- ▪XO Market plans to launch XO Vaults, a product that will let users pool capital to provide liquidity across prediction markets, aiming to democratize market making.
- ▪Total prediction market industry volume grew to over $60 billion in 2025, up from $15 billion–$16 billion in 2024, driven largely by platforms like Polymarket.
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FinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailXO Market bets on user-generated prediction markets to rival Polymarket and KalshiBacked 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.By Will Canny, AI Boost|Edited by Sheldon RebackUpdated Apr 30, 2026, 11:42 a.m. Published Apr 30, 2026, 9:00 a.m. 4 min readMake preferred on Ali Habbabeh and Walid Al Habboul, co-founders of XO Market.
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