ParlayX Raises $1.3M Pre-Seed Led by Dreamcraft Ventures for Prediction Market Trading Infrastructure

ParlayX Closes $1.3M Pre-Seed Round

ParlayX, an institutional trading-infrastructure startup for prediction markets, has raised $1.3 million in pre-seed funding. The round was led by Dreamcraft Ventures and included participation from Pet Berisha, Jeffrey Haas, Jack Corddry, and Devin Ardalan. The funding was announced on September 3, 2026.

What ParlayX Does

ParlayX provides a platform that lets professional trading desks access prediction markets across multiple venues from a single interface. The company was co-founded by Andrew Gonzalez and Antonio Cosio.

At the core of the offering is a non-custodial layer that gives trading operations segregated capital pods with per-trader permissions. This structure is designed to let firms allocate capital to individual traders or strategies while maintaining control and oversight.

The platform also includes cross-venue order routing and deterministic market matching across exchanges such as Kalshi and Polymarket. This means users can route orders to different prediction market venues and have them matched in a deterministic manner, which is important for firms that need predictable execution.

Additional features include API access and consolidated portfolio and risk reporting. These tools are aimed at giving professional desks a unified view of their positions and risk exposure across venues.

Target Customers

ParlayX is built for market makers, hedge funds, and sportsbooks. These are firms that trade at scale and require infrastructure that can handle multiple venues, permissions, and reporting requirements. By offering a single platform for prediction market access, ParlayX aims to reduce the operational complexity of trading across fragmented venues.

Company Milestones

ParlayX launched in August 2026. The company also won the SBC Summit Americas First Pitch competition, a recognition that highlights its early traction and potential in the prediction market infrastructure space.

Use of Funds

The $1.3 million pre-seed round will be used to expand platform integrations and scale operations. This suggests the company is focused on adding more venue connections and building out its team and infrastructure to support growing demand.

Market Context

Prediction markets have seen increased interest from institutional participants, but trading across multiple venues remains operationally challenging. Firms often need separate connections, permissions, and reporting for each exchange. ParlayX addresses this by providing a unified, non-custodial layer that sits across venues, allowing desks to manage capital and risk centrally.

The involvement of Dreamcraft Ventures as lead investor, along with several angel investors, indicates early confidence in the team and the opportunity. The pre-seed round provides capital to further develop the platform and pursue integrations with additional prediction market venues.

Looking Ahead

With the fresh funding, ParlayX is positioned to expand its integrations and scale its operations. The company's focus on serving market makers, hedge funds, and sportsbooks suggests it is targeting professional users who need robust infrastructure rather than retail-facing tools. As prediction markets continue to evolve, ParlayX aims to be the infrastructure layer that enables institutional participation across venues.

For acquisition watchers, ParlayX represents an early-stage player in a niche but growing segment of trading infrastructure. Its non-custodial model and cross-venue capabilities could make it an attractive target for larger exchanges, brokerage platforms, or data providers looking to add prediction market access to their offerings.