Where is Onyx Odds Legal? Onyx Prediction Market, Social Sweeps & DFS States
By Drew Ellis
Updated:
Verified by: Kevin Wolff
Onyx Odds is an all-encompassing online platform that offers everything from social trading, sweepstakes casino games, and daily fantasy. If you’re wondering if Onyx odds is legal in your state, this page will clear that right up for you.
This page lets you know if Onyx Odds is available to you, what it has to offer, and how you can take advantage of our Onyx Odds promo code offer DIME.
Can You Use Onyx Odds in the United States?
Yes, Onyx Odds is available in over 30 states across the US in its variety of products. If available in your state, you know it is legal and available through US sweepstakes and promotional contest law, not standard gambling laws you would find in legal online sports betting states or legal online casino states. Onyx Odds also is able to operate its social trading platform through the Commodity Futures Trading Commission (CFTC).
With it’s wide range of gaming options, the Onyx Odds promo code of DIME makes for a great offer for new customers. If in an available state, you can receive $111 in bonus picks when you spend $10 on a new Onyx Odds account. You must be at least 18 years old and in an Onyx Odds legal state to take advantage of this offer.
States Where Onyx Odds Is Legal
Since Onyx Odds offer multiple gaming options, its availability depends on which type of product you are looking to use. Overall, here’s a look at the Onyx Odds legal states.
Altogether, Onyx offers a social sports predictions platform, social sweepstakes, and daily fantasy. Here’s a breakdown of where each product is available in the US.
States Where Onyx Odds Is Restricted
Though Onyx Odds has been certified by the CFTC and is a legal sweepstakes gaming platform as well, not all states allow Onyx Odds to operate as they look to prohibit any form of gambling that isn’t regulated under state law.
The list of states where Onyx Odds isn’t available include:
- Alabama
- Colorado
- Connecticut
- Idaho
- Illinois
- Louisiana
- Maine
- Maryland
- Michigan
- Montana
- Nevada
- New Jersey
- New York
- Tennessee
- Washington
- West Virginia
Be sure to check eligibility of Onyx Odds in your state before claiming the Onyx Odds promo code and signing up for an account.
What is Onyx Odds?
Onyx Odds is an online gaming platform that offers a variety of products depending on your state’s availability.
It is among the top prediction market options due to its approval through the CFTC. It offers a social predictions platform that customers can use free of charge using virtual currency, while also compiling Onyx Cash that can be redeemed for cash prizes. Along with being able to trade on all major sporting events and athletes, you can also trade on Culture and Politics using Onyx Odds.
Among the sport trading options, Onyx Odds offers NFL prediction markets, NBA prediction markets, MLB prediction markets, and more.
Onyx Odds is also a social sweepstakes casino and sportsbook where you can play casino games or make sports betting wagers using its virtual Onyx Coins currency. Like the social prediction market, you can also earn Onyx Cash that can be redeemed for cash prizes.
In California, Onyx Odds is an available daily fantasy app. Customers can make daily fantasy wagers based on individuals in all of the major sports.
How Onyx Odds Works Compared to Online Sportsbooks/Casinos
Onyx Odds differs from the other two major online gambling categories of sports betting and iGaming, as Onyx works in a largely social/sweeps setting.
Onyx Odds is unique as it is one of the few apps that offers social trading, a free-to-play option for those looking to get into prediction markets. It also offers a social casino and sportsbook for those looking to participate in online gaming without a big financial commitment.
Prediction market trading relies on peer-to-peer trading to set the markets and the prices of each contract as opposed to having the sportsbook or casino set the odds slightly in their favor.
With contract trading, you can still “gamble” on games or players in top sporting events, while even being able to build up a prediction market combo, which acts similar to a parlay at an online sportsbook.
Contract trading also allows for more freedom with a user’s “wager.” Sportsbooks limit what you can do once placing a bet, while market traders can opt to buy and sell contracts throughout the duration of an even to capitalize on highs and lows of the market.
How to Start Using Onyx Odds
If you’re in a legal state for Onyx Odds and want to get started using one of its available products, getting signed up is a quick and easy process. Plus, you can use our Onyx Odds referral code DIME to get $111 in bonus picks when you spend $10 on the app.
Create an Onyx Odds Account
The first step is to create your account with Onyx Odds. Be sure to use one of our available Onyx Odds links to register the promo code DIME for your bonus offer. If you haven’t downloaded the Onyx Odds app, you will need to do so, or go directly to the website.
Provide an email address, username, and password of your choosing to establish your account. Also make sure “DIME” is in the promo code box before you hit “Create Account.”
Verify Your Identity
Onyx Odds will utilize the Know Your Customer (KYC) process that requires you to verify your identity by submitting your legal name, address, and phone number. You may also be asked to provide a government photo ID if further verification is needed.
Make A Deposit
In order to spend the required $10 to receive your bonus funds, you will need to make a deposit of at least $10 using one of the available banking methods at Onyx Odds. Options include credit cards, debit cards, virtual wallets (PayPal, Apple Pay, Skrill), ACH bank transfers, online banking, and more.
Spend $10 on Onyx Odds
With your deposit completed, spend $10 on the app purchasing one of the available packages at Onyx Odds for virtual currency of Onyx Coins and Onyx Cash. This will unlock your bonus offer of $111 in bonus picks.
Begin Using Onyx Odds
With your bonus code offer claimed and received, begin using Onyx Odds. You can begin making social prediction market trades on sports, culture, and politics. Or, you can elect to begin playing casino games or making sports wagers on its sweepstakes casino and sportsbook platform.
Tips for Using Onyx Odds Promo Code DIME
Before you decide to dive into Onyx Odds and take advantage of our promo code DIME, there’s a few things to consider.
Contract trading and sports betting are different. Prediction markets use a Yes/No option where the prices of each outcome are determined by the peer-to-peer market. The price represents the probability of it happening. You won’t be using sportsbook-set odds, but purchasing a contract ranging from $0.01 to $0.99. Each winning contract then pays out $1 in the currency used, so the lower probability results obviously pay out more.
When it comes to social casino gaming and social sportsbook use, these mimic the real money apps you see in the US, but use a virtual currency instead of real money. While you can build up Onyx Cash to claim real prizes, the majority of the gaming is done with virtual currency.
If the social trading platform is available in a state that also allows for social casino gaming, you can utilize your bonus funds across each option, so feel free to explore all that Onyx Odds offers with your promo code offer.
Onyx Odds Legal States FAQs
Onyx Odds offers one or more of its online gaming platforms in over 30 US states.
Onyx odds is able to provide its social predictions market and social gaming and sports betting through US sweepstakes and promotional contest law, as well as approval from the Commodity Futures Trading Commission.
The Onyx Odds promo code in legal states is DIME, which gets you $111 in bonus picks when you spend $10 on a new account.
Yes, Onyx Odds is a legal prediction market that uses social trading. This means it utilizes a virtual currency that can be free-to-play, while also allowing for customers to build up Onyx Cash for real cash prizes.
Yes. Onyx Odds is available on iOS and Android devices?
Yes. Onyx Odds is among the legal and available California prediction markets.
Yes. Onyx Odds is among the legal and available Texas prediction markets.
No. Onyx Odds is not among the available New York prediction markets at this time.
Drew Ellis has decades of experience in media covering sports, gambling and general news. He has provided news coverage for online and retail casino developments across the US and around the globe.
