Onyx Predictions Bonus Review - Claim The Latest Offer

Event contract traders are anticipating this brand’s upcoming launch, and they’re wondering if an Onyx Predictions welcome bonus will be available. It’s all speculation now, but we can provide a little insight into what new traders can expect. What we do know is that this industry is competitive and there are new prediction market platforms coming on the scene fairly regularly, so it’s very likely that this brand will offer a welcome bonus to attract new traders. Read on to find out what we think this bonus will look like, and how to make the most of it.

What is Onyx Predictions?

While you may be familiar with this brand’s other products, Onyx Predictions is completely separate from that. This upcoming prediction market platform is regulated by the CFTC (Commodity and Futures Trading Commission), and we expect that it will let users trade event contracts across popular categories such as sports, crypto, pop culture and more. The brand is backed by NT Predicts, which is part of NinjaTrades, so we can get a sense of what types of markets will be available. You can learn more about how this works inside our Onyx Predictions review.

What is the Onyx Predictions sign-up bonus?

As mentioned, this prediction market platform hasn’t fully launched yet, so there is no sign up bonus available for new traders…yet. We can’t say for sure whether a bonus will be available, but this brand does offer bonuses for its other services, so we’re optimistic for the potential of a welcome bonus. In addition, many other prediction market platforms offer bonuses, so it would make sense for this brand to offer one as well in order to stay competitive.

What types of bonuses do other platforms offer?

In order to help us figure out what type of bonus this brand may offer when it launches, we can take a look at what similar platforms currently offer. Here’s an overview based on what we’ve noticed in a prediction markets review.

Trade $x, get $y

This is the most common type of bonus you see on these platforms, where you deposit and trade a certain amount of money such as $10, and then get $20 as a bonus. Some platforms let you take the bonus to make trades and keep any profits from those trades, but the bonus funds themselves aren’t withdrawable. In other cases, the bonus hits the trader’s account as cash, which can then be withdrawn or used to make additional trades. If this type of bonus appears, be sure to read the rules carefully about what types of event contracts you can purchase to trigger the bonus, and whether the bonus is credited as cash or bonus funds.

Multi-day bonus

Another type of bonus you see is one in which traders need to make trades every day for a certain length of time, such as seven days or ten days, in order to maximize the bonus. For example, instead of depositing, trading, and then getting the full bonus upfront, these platforms unlock a part of the bonus every day (e.g., $5 per day for ten days that the trader is active). Sometimes these types of bonuses escalate if the trader doesn’t break their trading streak during the bonus period. For instance, day #1 might be worth $5 in trades, while day #10 might be worth $20.

Bonus match

Some platforms offer matching bonuses on deposits. For example, if you deposit $20 with a 100% match, you can get $20 in bonus trades on the platform. Here again, the terms vary by platform, with some allowing you to withdraw the bonus funds (perhaps after using them at least one time), while others let you use the bonus to fund trades, but the bonus funds aren’t withdrawable. These are just a few examples of the types of bonuses other platforms offer, so we’ll need to wait and see if the Onyx Predictions welcome bonus is something similar.

What other bonuses are available?

The overall brand (Onyx) does offer other types of bonuses, but they are not tied to event contracts. For example, the referral reward on the site is tied to the social sportsbook, as users can get free picks for qualified referrals. Here again, we’ll need to wait and see as to whether this brand will offer rewards for prediction market referrals.

How to claim and use the Onyx Predictions welcome bonus

Although the platform hasn’t fully launched their prediction markets yet, we do have some information about how to get signed up – and if a bonus becomes available, this information will help you with claiming it. We’ll break this process down into two separate components, especially since there may be a delay between completing the first part of the process and the second part of the process. Take a look:

Steps for getting registered and verified

Regardless of whether you decide to claim the bonus or not, you’ll need to complete these initial steps:

1. Tap any of the Onyx Predictions banners on this page.
2. Tap the Join Now button on the brand’s website.
3. Fill out the initial registration form.
4. Navigate to your account, and go to the “Verification” tab.
5. Complete the verification process by uploading your ID and a selfie.

Note that so far, these steps are required in order for you to participate in prediction markets on this site, which was confirmed by customer service. The reason you need to provide sensitive information upfront and get your identity verified before you do anything else is a result of this brand’s regulatory compliance. This process is the same no matter what type of CFTC-regulated prediction market platform you join.

Steps for collecting your Onyx Predictions sign-up bonus

Once you’ve passed the identity checks, and assuming the brand offers a welcome bonus, then here’s the second part of the process:

1. Locate any of the banner links on the brand’s site and tap it.
2. Read the bonus rules thoroughly.
3. Make a qualifying deposit.
4. Conduct your qualifying trade.

On other similar types of platforms, the bonus will then be added to your account automatically once you’ve completed these steps, so we can expect something similar with Onyx’s bonus.

5 tips for making the most of your Onyx Predictions welcome bonus

No matter what type of bonus this brand eventually offers, the following tips will help you optimize it:

Check the deposit rules

Most bonuses require that you fund your account in order to trigger the bonus, and in some cases a brand may even require you to use a certain deposit method (such as a debit card). Be sure to read the rules carefully before you make your first deposit, as many times the bonus is only available on that first deposit. For example, if you deposit $10 and then later try to collect a bonus that requires a $20 deposit, it’s unlikely that you’ll be able to get the bonus since your first deposit didn’t trigger it.

Conduct your trades

Here you need to read the bonus rules again, as most of these types of bonuses will require you to make a specific number of trades and/or spend a certain amount of money on a trade. For example, some of these similar platforms simply ask you to make one trade, others ask you to make multiple trades, and still others ask you to place one order that’s worth at least $x (such as $20). You’ll also want to check the fine print to see if there are any restrictions or requirements in place about what types of trades you can conduct to trigger the bonus. For example, you may be restricted from trading in certain categories (such as crypto event contracts), or alternatively you might be required to trade event contracts in a specific market (such as sports, as an example).

Watch for deadlines

Here you need to pay attention to a few different potential deadlines:

• How soon do you need to claim the bonus? Some brands don’t offer ongoing welcome bonuses. Instead, they offer bonuses from time to time, and these offers expire in a few days, a few weeks, or perhaps a few months. If you see a bonus offer, the first thing to do is to check when the offer as a whole expires.
• How soon do you need to make your qualifying trades? After you claim a bonus, you may be required to make your trades within a certain timeframe, such as one week.
• How soon do you need to use the bonus funds? If your bonus is dropped into your account as bonus funds rather than withdrawable cash, then you usually need to use those funds within a certain period of time, such as three days, one week, or something similar.

Here again, we can’t yet know for sure what an Onyx Predictions bonus will look like or if there will even be any deadlines attached, so it’s a good idea to read the fine print on the bonus rules.

Trade what you know

While it’s tempting to trade in event contracts on a wide variety of topics, it’s best if you stick with what you know best (such as sports, politics, or wherever your expertise lies). In addition, when you’re conducting trades to trigger or qualify for the bonus, seek out contracts where the outcome is fairly certain (e.g., contracts priced at $0.90). You’re not aiming to make a huge profit here. Rather, the goal is to cycle your capital conservatively so you can trigger the bonus.

Download the app

We found that using the app is slightly better than using the browser-based site. In particular, the bonus announcements were more prominent and better organized in the app, so it increases the likelihood of you spotting them if you use the app.

Final thoughts on a potential Onyx Predictions registration bonus

It seems like there are prediction market platforms springing up on a regular basis, and this brand is about ready to launch as well. In order for Onyx Predictions to be competitive in the industry, it’s very likely that they’ll offer a welcome bonus to new traders, and perhaps they’ll occasionally offer ongoing bonuses as well. Based on what similar platforms offer new users, we can speculate that any welcome bonus will likely be a “trade $X and get $Y,” or something very similar. If you’d like to be among the first to join this prediction market platform, then you can get started right now by tapping the Onyx Predictions banner on this page!

Onyx Predictions welcome bonus FAQ

1. How old do you need to be to join the site?

You need to be at least 18 years old to trade event contracts and to accept any potential Onyx Predictions registration bonus.

2. What type of event contracts will be available?

The sports review we did potentially showed that sports event contracts will be the main category, but we also think you’ll see politics, pop culture, economics, commodities, financials, and crypto predictions.

3. When will the platform fully launch?

The site hasn’t announced a launch date, nor did customer service offer one when we asked. We’ll conduct our editorial process review and update this page as needed after the prediction markets have launched.