ParlayX Raises $1.25M Pre-Seed Round Led by Dreamcraft Ventures
ParlayX Raises $1.25M Pre-Seed Round Led by Dreamcraft Ventures to Scale Institutional Infrastructure for Prediction Markets.
ParlayX, the first institutional order routing, custody, and capital control layer for prediction markets, today announced the successful closing of a $1.25M USD pre-seed funding round. The round was led by Copenhagen-based Dreamcraft Ventures, signaling strong institutional conviction in the rapid professionalization and structural evolution of the prediction market asset class.
The financing also saw participation from prominent early-stage investors with deep expertise in financial technology, regulated sports betting, and capital markets, including Pet Berisha of Sporting Crypto, Jeffrey Haas of ID8, Jack Corddry, formerly of Frax Finance, and Devin Ardalan, President of US at EVG.
Accelerating Traction and Venue Expansion
Following its public launch, ParlayX has experienced rapid adoption among institutional trading desks seeking unified execution and rigorous governance. The platform has successfully onboarded four major prediction market venues: Kalshi, Polymarket, Limitless and ProphetX. Two additional integrations (Novig and Polymarket US) are expected to launch early in the NFL season.
Demand from liquidity providers has been equally robust. ParlayX has successfully onboarded its first 10 market makers, equipping them with the API and SDK tools necessary to deploy algorithmic strategies and manage complex portfolios seamlessly across disparate protocols. The company is actively onboarding a growing waitlist of quantitative desks, hedge funds, and market makers.
Investor & Leadership Perspectives
The infusion of capital will accelerate ParlayX's product roadmap, allowing the team to expand venue integrations, enhance its proprietary smart order routing algorithms, and scale its global go-to-market operations.
"Prediction markets are rapidly maturing into a multi-billion-dollar asset class, but the underlying infrastructure has remained heavily fragmented and retail-focused. ParlayX is building the critical plumbing that institutions demand—secure non-custodial architecture, granular permissioning, and unified execution. We are thrilled to lead this round and back Andrew and the team as they define the standard for institutional trading in this space."
- Nikolaj Nyholm, General Partner at Dreamcraft Ventures
"We are incredibly excited to announce the successful close of our pre-seed funding round and to welcome Dreamcraft Ventures, along with our outstanding group of angel investors, to the ParlayX cap table. Successfully raising this round is a massive validation of our vision and the immediate pain points we are solving for institutional traders. With this capital, we are fully equipped to scale our infrastructure and support the ongoing explosion of trading volume in the prediction market ecosystem."
- Andrew Gonzalez, Co-Founder & CEO of ParlayX
Meet ParlayX on the Global Stage
As the premier infrastructure provider in the space, ParlayX's leadership will be highly active across the upcoming global conference circuit. CEO Andrew Gonzalez is slated to speak at several premier industry events this fall:
| Event | Location | Date |
|---|---|---|
| Global Prediction Markets Forum at SBC | Lisbon, Portugal | October 1, 2026 |
| PREDICT Conference | New York, NY | October 6-7, 2026 |
| NEXT PREDICT | New York, NY | October 22-23, 2026 |
Andrew and the ParlayX executive team will be on the ground and available to meet with prediction market venues, market makers, and quantitative trading desks at all three events to discuss platform integration, smart routing, and onboarding.
About ParlayX
ParlayX is the leading institutional infrastructure layer for prediction markets, delivering non-custodial key management, fund-grade capital segregation, granular trader permissions, unified portfolio visibility, and a full Order and Execution Management System (OEMS) across the industry's leading venues. By supplying the governance layer the venues themselves lack, ParlayX provides the seamless infrastructure required to trade event-driven markets at scale.
Media Contact
- Name: Andrew Gonzalez
- Title: Co-Founder & CEO
- Email: contact [@] parlayx.com
- Website: https://parlayx.com/
- Twitter/X: https://x.com/andrewparlayx
