ProphetX has completed a $35m funding round in the US market to expand its sports prediction platform. The capital injection will accelerate product development and strengthen trading liquidity across the service.
Investment Structure and Capital Allocation
The financing round was co-led by Parlay Capital and Data Point Capital. Additional backing came from FDJ Ventures, Greenwave Ventures, Connexa Capital, and Impellent Ventures. The allocated funds will support infrastructure scaling and market depth enhancement.ProphetX introduced a peer-to-peer exchange for sports event contracts last month. The new trading mechanism allows users to buy and sell prediction contracts directly with one another. This launch precedes the funding announcement and aligns with the company's strategy to improve platform efficiency.