Deals
ParlayX raises $1.25M pre-seed led by Dreamcraft for institutional push
ParlayX raised $1.25 million in a pre-seed round led by Dreamcraft Ventures to build institutional prediction market infrastructure. The company publicly launched in August. The capital will support its push into institutional prediction markets.
Why this matters?
ParlayX's $1.25 million round signals growing investor interest in institutional prediction market infrastructure. That matters for platforms like Polymarket and Kalshi, which must match this ecosystem-building or risk seeing third-party tooling become the default institutional stack.