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XO Market raises $6M seed round to expand user-generated prediction markets
XO Market closed a $6 million seed round to expand a user-generated prediction market platform where users create markets and set fees. Since its mainnet beta began in mid-November, XO said the platform has generated more than $150 million in trading volume and hosted more than 600 user-created markets. XO expects to launch XO Vaults within weeks to let users pool capital into market-making strategies.