ParlayX and ProphetX Partner to Improve Institutional Trading on Regulated Event Contracts
Integration will let trading teams access ProphetX's regulated exchange through ParlayX, with shared permissions, streaming positions, and unified risk across venues.
ParlayX, the infrastructure platform for institutional prediction market trading, and ProphetX, a CFTC-regulated exchange for sports event contracts, today announced a strategic partnership that will make ProphetX markets available through the ParlayX platform.
ParlayX gives trading desks what a single venue account cannot: separate logins for traders and admins, capital segregated by desk or strategy, and permissions that decide who can trade what. Orders, positions, and fills stream through one API in the same shape for every venue, so ProphetX sits in the same view as everything else the firm trades.
"ProphetX has been building since 2018 and they have done it the right way with a real emphasis on doing right by their customers. They have been great partners to us and a smart team to work with," said ParlayX CEO Andrew Gonzalez. "Our job now is to help improve the market making experience on ProphetX. The firms providing liquidity there should have the best tooling we can give them and that is what we intend to provide."
"Partnering with ParlayX makes it substantially easier for institutional traders to connect to our federally regulated sports-focused markets," said ProphetX CEO and Co-Founder Dean Sisun. "We look forward to working with their team to continue improving liquidity and the overall trading experience across our platform
About ParlayX
ParlayX is prediction market infrastructure built for institutions. ParlayX connects trading firms to prediction market venues through a single interface, with permissioned trading identities, capital segregated by desk or strategy, and unified position, order, and risk data across every venue a firm trades. ParlayX is non-custodial and never trades on its own account. For more information, visit www.parlayx.com.
About ProphetX
Founded in 2018, ProphetX is America's first sports-native prediction market. The company is a CFTC-regulated U.S. exchange for event-driven contracts, built on a sports-focused foundation and designed to expand across a broad range of event markets. Its mission is to create the world's most trusted and innovative marketplace where anyone can participate in event outcomes. For more information, visit www.prophetx.com.
