Onyx Predictions Review 2026 (Is Onyx Predictions Legit & How Does It Work?)

What is Onyx Predictions?

Similar to the experience I detailed in my Adi Predictstreet review, Onyx Predictions is another trusted prediction market. As a prediction market site, registered traders can buy and sell event contracts based on real-life events. Just remember folks that Onyx Predictions will not be a sportsbook. Later on you will see how the site does not set its own market prices.

From my research, I learned that the platform will launch in the US soon. For now, you can use the banners on this page to sign up for early access. As soon as early access opens, you will receive an email to start prediction trading.

Is Onyx Predictions legit?

You should not worry about any scams when using the platform. Onyx Predictions is a legitimate prediction site. When I researched the site, I found that Onyx Predictions LLC is regulated by the Commodity Futures Trading Commission (CFTC). The site operates as a Futures Commission Merchant (FCM) and is a member of the National Futures Association (NFA).

As a CFTC-regulated FCM, Onyx Predictions is federally permitted in all US states. However, there may be some state restrictions. Once the site goes live, read the T&Cs to see if it is available in your state.

There are no confirmed details on which prediction exchanges Onyx Predictions has partnered with. As soon as more information is released, I will update my review with the latest details.

While investigating the legal background, I also critiqued the security features. Per the terms, Onyx Predictions will provide access to responsible prediction trading tools. There will also be an encrypted banking platform, KYC checks and password-protected accounts.

Explore diverse prediction markets on Onyx

Make social sports predictions on Onyx

How does Onyx Predictions work?

If you read my Gemini Predictions review, you would know the basics of prediction market sites. The same experience is expected on Onyx Predictions. You will be allowed to make prediction trades in binary (Yes or No).

Market prices will range between $0.01 to $0.99. Correct prediction positions will settle at $1, while incorrect outcomes will settle at $0. Depending on market volume, you may be allowed to close contracts early. Just remember that Onyx Predictions will not set any prices. Rather, market prices are determined by the number of prediction trades others make.

Possible Onyx prediction markets for event trading

The future event prediction categories will likely be similar to what I shared in my Plus500 review. When I first accessed the platform, I saw several images of prediction contracts. These images showed six main categories of future event predictions: sports, economics, crypto, climate, culture, and politics.

Each of these categories will have various types of prediction markets. I have detailed some examples of the different options you may find once the site goes live:

• Sports - Match winners, MVPs, championship winners
• Economics - Fed decisions, GDP, unemployment rates
• Crypto - Daily prices, Bitcoin projections
• Climate - Snow and rainfall, natural disasters
• Culture - Award show winners, celeb news, music charts
• Politics - Presidency news, local and foreign elections, court decisions

A guide on reading market prices as probabilities

When I compiled my Meta Arena review, I shared how to read market prices as probabilities. I want to do the same for my Onyx Predictions review. Here is an example of how to buy and sell a Pro Football prediction position:

A sports prediction contract has the Tampa Bay Buccaneers at $0.75 to beat the New York Giants. This means there is a 75% probability the Buccaneers will win the game. If you purchase $100 of Yes prediction contracts, you will receive 133.33 prediction contracts.

If the Buccaneers win the game, your prediction position settles at $1. You will get $133.33, minus any prediction trading fees. If the Giants beat the Buccaneers, your prediction position settles at $0. You will lose your $100 investment.

Since the site operates as an FCM, the prediction contracts will be provided by a CFTC-regulated Designated Contract Market (DCM). An exchange fee will be incurred for every executed prediction trade. This will be one type of prediction trade fee. An additional fee may include a service fee charged by Onyx Predictions.

Will there be any prediction trading bonuses and promos?

Whenever I go to Walmart I always hunt for some freebies or discounts. I also do the same when I use prediction platforms. I have been using prediction market sites for several months now. From my experiences, not many platforms have tailored bonuses and promos. At the time of writing, there are no confirmed details on any rewards for prediction traders on Onyx Predictions.

Should there be exclusive Onyx Predictions bonuses, you’ll see them on the banners on this page. Possible promos may range from sign up offers to referral bonuses and incentive programs.

Unpacking how the desktop and mobile experience could work

I have a soft spot for sites that let you make trades on your PC or mobile device. Currently, there are no confirmed details for any Onyx Predictions mobile apps. While it will be nice to have a dedicated app, it may not be available from the get-go. If there is no mobile app, I hope to see a mobile-optimized website. With a mobile site, you can make prediction trades on the go.

From my initial research, it looks like you can use the desktop website for prediction markets. When I first accessed the website, I liked what I found. There is a black background, which is easy on the eye. The different products are also neatly categorized. The prediction markets will have their own banner and hopefully a search tool as well.

After the platform launches, I will provide a first-hand look and ratings of the desktop and mobile platforms.

There will be an encrypted banking platform

One of the first things I critique at prediction sites is the banking platform. I do not want issues when funding my account or withdrawing my profits. As I touched on, there will be an encrypted banking platform.

No details have been released about accepted payment methods. However, based on my experience with other prediction sites, I expect to find fiat options. There may also be cryptocurrency. Common payment options could include Visa, Mastercard, and Bitcoin.

You will be allowed to withdraw only after you complete the KYC checks. Your proof of ID and address is required for KYC verification. The withdrawal methods should include the same options as when depositing. After I have tested the banking platform, I will share my findings. So check back for the processing times and possible withdrawal fees.

Ask the support team for assistance

With lots of unknowns, I made good use of the customer support on Onyx Predictions. I sent an email to the team and received a response after 24 hours. Not the fastest response times, but the agents were friendly. They answered all my questions and were knowledgeable.

You can also contact the team on social media. The official platforms are Discord, X, Instagram and Facebook. I sent a message on social media and got feedback within a few hours.

There are no signs of a live chat feature for now. However, this may be accessible once you create an account. Even though there are limited support options, I liked what I found. Once the platform goes live, I also expect to find a detailed Help Center with several FAQs.

Final thoughts - Onyx Predictions is about to enter the prediction scene!

The buzz around Onyx Predictions keeps on building. After reading this review, you should have a clearer understanding of what to expect. I am chomping at the bit to get started on the site. Once the prediction markets are live, I will revert with all my findings.

For now, the main takeaway is that Onyx Predictions is a legitimate prediction market site, and is one of the newest brands to enter the scene. You will have access to many markets, and depending on liquidity, you can close prediction positions early. You will also be allowed to make predictions for sports, climate, political, crypto, economic and cultural outcomes.

Don’t forget that even though the site isn’t live yet, you should complete the early access registration. By sharing your email, you will be notified immediately when early access opens. To fast-track things, use the banners on this page to register for early access to Onyx Predictions.

Onyx Predictions review FAQs