XO Market has raised $6 million to create a "YouTube for prediction markets"
XO Market has successfully closed its seed funding round, raising $6 million from investors to develop the platform where users can create their own prediction markets.
The round included venture funds such as Coinbase Ventures, 20VC, Picus Capital, Venture Together, and angel investors, including Australia's cricket team captain Pat Cummins.
XO Market distinguishes its model from popular platforms like Polymarket and Kalshi, where prediction markets are created by internal teams rather than users. According to co-founder Ali Habbabeh, on XO Market, individuals and companies can independently launch markets, set parameters, determine fees, and allow others to trade on them. Ultimately, this will broaden the array of events and make everything more creative.
The XO Market platform is currently in beta testing. Since its launch in November 2025, it has attracted over 30,000 users who have created more than 600 markets. The trading volume on the platform has already exceeded $150 million.