ProphetX Raises $35M for Sports Prediction Market

Today, Axios broke the news: We have raised $35M to scale America's first federally regulated sports-native prediction market and accelerate the growth of our B2B platform. Prediction markets are now a permanent fixture of the American financial landscape, and ProphetX intends to lead them. Read the Axios exclusive by Ryan Lawler here: https://lnkd.in/eieKdE6Q Full press release here: https://lnkd.in/ei8V_mJu Parlay Capital Holdings LLC Data Point Capital FDJ UNITED Ventures Greenwave Ventures LLC Connexa Capital Impellent Ventures The Operating Group Sharp Alpha

Prediction market infrastructure for sports. Proud to announce our fundraise today to continue our development of our B2B sports-native predictions product. We are experts in building highly liquid, comprehensive and scalabe sports infrastructure. If you're a consumer application looking to bolt on predictions, we are the partner for you. Can't wait to continue rolling out new partnerships soon, into NFL season and beyond.

Delighted to share that White Swan Predicts has invested in ProphetX as part of their recent $35M funding round. This one was easy to get behind. As a predominant market maker across ProphetX and other prediction market platforms, we've spent a lot of time inside their tech stack - and it consistently impressed us. When your day job is stress-testing infrastructure across the market, you develop a pretty good nose for who's built things properly. Just as importantly, Dean Sisun, Jake Benzaquen and the team are exactly the kind of people you want to back. Excited to work with them. 🚀 https://lnkd.in/ei8V_mJu

ProphetX, a NYC-based provider of a federally regulated sports-native prediction market and B2B platform, has raised $35 million in a funding round led by Parlay Capital and Data Point Capital. The round also saw participation from FDJ UNITED Ventures, Greenwave Ventures, Connexa Capital, Impellent Ventures, the Operating Group, and Sharp Alpha Advisors, as well as Chicago Trading Company Ventures, Belvedere Trading, principals at White Swan Data, principals at Consolidated Trading, and Ematiq. Dean Sisun | Jake Benzaquen 🔗 Read full article link in comment #ProphetX #funding #startupnews #businessnews #businessupdate

A new chapter for BXNK. ✨ We're proud to share that BXNK has closed a $3 million funding round, led by Iona Star. Moments like this are worth pausing on. Building financial infrastructure is hard, often unglamorous work, and the team behind BXNK has shown up for it every single day. This milestone is theirs as much as anyone's. And we couldn't be prouder of the partner we're taking this step with. Iona Star don't invest from the sidelines; they back teams with conviction and get into the detail alongside them. Having investors of their calibre choose to stand behind BXNK means the world to us and it validates something we've believed since day one: that the rails beneath global finance can, and should, be rebuilt to be faster, smarter, and far more reliable. This raise gives us more than capital. It gives us the credibility to sit across the table from the institutions we want to serve, and the fuel to reach the next level - scaling the global intelligent financial infrastructure that connects fiat, payment and stablecoin rails through our proprietary AtomEngine and AtomAI, growing our team, and accelerating what comes next. To our team: thank you for believing before it was easy to. To Iona Star: thank you for seeing it. And to everyone who's been part of the journey so far, this is only the beginning. The road here was long. The road ahead is the one we've been building for. Iona Star is an early-stage venture capital firm - investing from pre-seed through Series A - backing the companies building the critical enabling layers of the AI era, from data pipelines and inference systems to payment rails and intelligence platforms. Sector-agnostic but thesis-driven, the firm partners actively with founders whose competitive moat is technological, data-driven, or structural. The full announcement is now live → bxnk.com #Fintech #Payments #DigitalAssets #Infrastructure #Investment #Stablecoins #BXNK #Innovation #Finance #ionastar #Ripple

Prediction markets become more valuable when the infrastructure becomes easier to build on. The exchange may ultimately matter more than the application. ProphetX raised $35M led by Parlay Capital and Data Point Capital, with participation from FDJ UNITED Ventures, Greenwave Ventures LLC, Connexa Capital, Impellent Ventures, The Operating Group, Sharp Alpha Advisors, and several market-structure investors. Dean Sisun and Jake Benzaquen are building federally regulated exchange infrastructure that allows partners to launch sports prediction products on shared liquidity. As prediction markets mature, the companies controlling exchange infrastructure, liquidity, and clearing may become more strategic than those competing for individual users. #PredictionMarkets #FinTech #CapitalMarkets #VentureCapital #SportsTech

🏟️ ProphetX Raises $35M to Scale Sports Prediction Markets Platform NYC-based ProphetX has closed a $35 million funding round led by Parlay Capital and Data Point Capital, with participation from FDJ UNITED Ventures, Greenwave Ventures, Connexa Capital, @Sharp Alpha Advisors, and other investors. The funding will help accelerate product development, increase market liquidity, and expand ProphetX’s B2B prediction market platform and partnerships. Founded in 2018, ProphetX operates a federally regulated, sports-native prediction market that enables users to trade event-based contracts through a peer-to-peer exchange with transparent pricing. The company’s proprietary Request for Quote (RFQ) Parlay Mechanism brings institutional-style trading capabilities to sports prediction markets, enabling users to create and price multi-event combinations. #StartupFunding #FinTech #PredictionMarkets #SportsTech #Trading #Innovation #Investment #TechNews #BusinessNews #GlobalStartupsInsights

ProphetX, a NYC-based provider of a federally regulated sports-native prediction market and B2B platform, has closed a $35 million funding round led by Parlay Capital and Data Point Capital, with participation from FDJ Ventures, Greenwave Ventures, Connexa Capital, Impellent Ventures, the Operating Group, Samara Sharp, Chicago Trading Company Ventures, Belvedere Trading, LLC, principals at White Swan Data, principals at Consolidated Trading LLC, and Ematiq. The company plans to use the new capital to accelerate product development, increase liquidity across its markets, and expand its B2B platform and partnership network. Founded in 2018, ProphetX operates a peer-to-peer exchange that allows users to set their own prices and trade directly with one another through a transparent commission model. The company is aiming to triple trading volume in 2026 through expanded B2B partnerships, broader institutional market coverage, and growth of its proprietary Request For Quote (RFQ) Parlay Mechanism. FOUNDERS: Dean Sisun & Jake Benzaquen INVESTORS: Parlay Capital, Data Point Capital, FDJ Ventures, Greenwave Ventures, Connexa Capital, Impellent Ventures, the Operating Group, Sharp Alpha Advisors, Chicago Trading Company Ventures, Belvedere Trading, White Swan Data, Consolidated Trading & Ematiq AMOUNT: $35,000,000 HQ: New York City, New York #VentureCapital #ProphetX #DeanSisun #JakeBenzaquen #TradedVC

Hey Seven today announced that Bettor Capital, a leading venture capital firm focused on the real-money online gaming sector, was the company’s seed investor and first institutional investor. Learn more at: https://lnkd.in/eTxDKNJY #HeySeven #AI #GamingIndustry #PlayerDevelopment

Today's #fintechdeal is for Faye. 🔥 Faye, a Richmond-based provider of an AI-powered travel protection platform, raised $50 million in a Series C funding round led by Madrona, with participation from BRM, Portage, F2 Venture Capital, Viola Ventures, and Lumir Growth Partners. Harvey Hudes Marcel van Oost Elad Schaffer, Daniel G., Motti Bebchuk, Matt McIlwain Karan M. Adam Felesky AJ Okereke., Stephanie Choo, Sahil Khatod Ajay C. Jonathan Saacks Barak Rabinowitz Shlomo Dovrat Omry Ben David Alex Dikman Subscribe to the FR for the latest on the top #fintech deals that matter. Sourced daily, in one convenient place: https://lnkd.in/gWknJFj6 #FintechDeals #FintechNews #Insurtech