Currencies39028
Market Cap$ 2.81T+3.99%
24h Spot Volume$ 48.04B+8.75%
DominanceBTC57.79%+0.35%ETH10.92%+1.19%
ETH Gas0.12 Gwei
ParlayX, an institutional order routing, custody and capital control layer for prediction markets, raised a $1.25M pre-seed round led by Dreamcraft Ventures. The capital will support venue integrations, smart order routing development and GTM as it onboards market makers and additional venues.
FundraisingSep 4, 2026
2min read
byCryptoRank
- Prediction markets infrastructure startup ParlayX raised a $1.25 million pre-seed round led by Dreamcraft Ventures, with participation from several fintech and betting-focused angels.
- The capital will fund additional venue integrations, smart order routing improvements and GTM as ParlayX targets institutional traders across prediction markets.
ParlayX has raised a $1.25 million pre-seed round to build out its institutional infrastructure layer for prediction markets. The round was led by Copenhagen-based Dreamcraft Ventures, according to the company.
Angel investors in the round include Pet Berisha of Sporting Crypto, Jeffrey Haas of ID8, Jack Corddry, formerly of Frax Finance, and Devin Ardalan, President of US at EVG. Valuation for the pre-seed round was not disclosed.
ParlayX provides institutional order routing, custody and capital control infrastructure for prediction markets, positioning itself as a non-custodial, fund-grade layer with granular permissions and unified portfolio visibility. The platform offers an OEMS across supported venues aimed at trading desks, market makers and quant funds.
The company said it has onboarded four venues so far — Kalshi, Polymarket, Limitless and ProphetX — with Novig and Polymarket US expected to be added early in the NFL season. ParlayX has also onboarded its first 10 market makers, who use its API and SDK to deploy algorithmic strategies across venues, and is working through a waitlist of additional quantitative desks and hedge funds.
The new capital will go toward expanding venue integrations, enhancing ParlayX’s proprietary smart order routing algorithms and scaling global GTM operations. “Prediction markets are rapidly maturing into a multi-billion-dollar asset class, but the underlying infrastructure has remained heavily fragmented and retail-focused,” said Dreamcraft Ventures general partner Nikolaj Nyholm in the announcement.
ParlayX plans to increase its industry visibility through a series of conference appearances, with CEO and co-founder Andrew Gonzalez scheduled to speak at the Global Prediction Markets Forum at SBC in Lisbon and multiple prediction market-focused events in New York later this year.
View Deal DetailsDisclaimer:This post was independently created by the author(s) for general informational purposes and does not necessarily reflect the views of Algona Business Ltd. The author(s) may hold cryptocurrencies mentioned in this report. This post is not investment advice. Conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions. The information here does not constitute an offer or solicitation to buy or sell any financial instrument or participate in any trading strategy. Past performance is no guarantee of future results.
Without the prior written consent of CryptoRank, no part of this report may be copied, photocopied, reproduced or redistributed in any form or by any means.
