ParlayX secures $1.25 million to boost institutional prediction markets

ParlayX, a developer of technology for prediction markets, has secured a pre-seed round of $1.25 million that will allow it to scale its infrastructure and strengthen its presence in the institutional segment. The round, led by the Danish fund Dreamcraft Ventures, enables ParlayX to expand integrations, optimize its proprietary algorithms, and add new institutional clients during a period of rapid expansion for these types of platforms.

ParlayX and its role in the infrastructure of institutional prediction markets

ParlayX's value proposition aims to be the 'institutional infrastructure layer' for prediction markets, managing order routing and capital control between platforms like Kalshi and Polymarket. This function, usually fragmented or aimed at retail users, seeks to provide institutional traders with execution tools, granular permissions, and non-custodial architecture.

Since its official launch in August, ParlayX has already been operating active integrations with Kalshi and Polymarket, and is adding new platforms: ProphetX, Limitless, and soon, Novig and Polymarket US coinciding with the kickoff of the NFL season. In addition, it has signed agreements with 10 institutional market makers and maintains a waiting list composed of quantitative desks and hedge funds.

Details of the funding round and support from key investors

The pre-seed round of $1.25 million was led by Dreamcraft Ventures, a venture capital fund based in Copenhagen, and included participation from angel investors such as Pet Berisha (Sporting Crypto), Jeffrey Haas (ID8, former evoke), and Devin Ardalan (president of Everest Global US). ParlayX highlights that these funds will enable:**

• Expand platform integrations
• Improve proprietary algorithms for management and execution
• Scale operations and client service for institutional clients

Andrew Gonzalez, co-founder and CEO of ParlayX, who previously worked at Flowdesk, emphasizes the validation of the business model:

“Achieving this round is massive validation of our vision and the pain points we solve for institutional traders,” Gonzalez stated. For his part, Nikolaj Nyholm, partner at Dreamcraft Ventures, noted: “ParlayX is building the critical infrastructure demanded by the institutionalization of this segment: secure architecture, detailed permissions, and unified execution.”

Operators and platforms connected: expansion in the US market

After its founding in January by Andrew Gonzalez and Antonio Cosio, both UCLA graduates, ParlayX began operations with Kalshi and Polymarket. The commercial strategy prioritizes adding licensed US platforms and adapting the technology to the requirements of institutional volume betting coinciding with key sporting events like the NFL.

The value offering includes:

• Institutional order routing
• Advanced capital control
• Integration with regulated platforms like Kalshi

The increase in the number of institutional market makers and the waiting list of specialized funds evidence the appetite of the professional financial segment for these structured prediction mechanisms.

Recent dynamics in investments for prediction markets

ParlayX's round is part of a remarkable wave of investments aimed at prediction market startups and derivatives. In 2026 alone, the following were registered:

• XO Market, $6 million in May
• SpeedLabs and TurboFlow, $6.5 million and $6 million respectively in June
• River Markets, $8.5 million in August
• Crypto.com achieved a valuation of $20 billion in July after receiving $400 million from Citadel Securities

Kalshi, one of ParlayX's main clients, could be valued at $40 billion according to recent reports, illustrating consolidation and maturity in this market.

Regulatory trends and opportunities for B2B providers

The advancement of technological platforms like ParlayX highlights the competition to define the benchmark infrastructure for institutional trading in regulated prediction markets. The demand for solutions with robust architecture, integration with regulated markets, and strong permission control sets the pace of the sector, opening opportunities for providers with technical adaptation and compliance capabilities. Each new integrated client reinforces ParlayX's position and demands attention from the B2B and investment community.

The evolution of investments, combined with the growth of US platforms and institutional interest, suggests a consolidation cycle with an emphasis on infrastructural providers capable of responding to both regulatory needs and operational efficiency.