ParlayX Raises $1.25M Pre-seed

ParlayX, a startup building an institutional infrastructure layer for prediction markets, has raised $1.25 million in a pre-seed funding round. The company provides a non-custodial platform featuring institutional order routing, custody, and capital control solutions tailored for trading desks, market makers, and quantitative funds.

Investors

The round was led by Dreamcraft Ventures, with participation from angel investors including Pet Berisha of Sporting Crypto, Jeffrey Haas of ID8, Jack Corddry, formerly of Frax Finance, and Devin Ardalan, President of US at EVG.

ParlayX Use of Funds

The company plans to use the new capital to support additional venue integrations, enhance its proprietary smart order routing algorithms, and scale its global go-to-market operations.

About ParlayX

ParlayX was established to bridge the gap between institutional capital and the fragmented prediction markets ecosystem. The company offers a comprehensive infrastructure layer that includes an order execution management system (OEMS), custody tools, and capital control permissions, allowing market makers and quant funds to deploy algorithmic strategies across multiple venues.

Funding Details

Company Website: https://parlayx.com

Company: ParlayX
Raised: $1.25M
Round: Pre-seed
Funding Date: September 4, 2026
Lead Investor: Dreamcraft Ventures
Additional Investors: Pet Berisha, Jeffrey Haas, Jack Corddry, Devin Ardalan
Software Category: Financial Technology
Source: https://cryptorank.io/insights/deals/parlay-x-pre-seed-2026-09-03