The institutional-grade prediction market platform for trading event risk.
The Lloyd's of London for Event Risk. Built on the Canton Network.
Parallax operates permissioned, parimutuel markets that let sophisticated investors express and hedge views on real-world events — with privacy, compliance, and settlement built for institutional mandates.
Institutional event risk has no home.
Every portfolio carries exposure to binary real-world events. None of it trades directly — only through proxy baskets, options structures, or bilateral OTC derivatives.
Information leakage
Public order books reveal direction, size, and strategy. A meaningful position on a retail venue moves the market against itself.
Regulatory fit
Pseudonymous, open-access venues conflict with KYC/AML obligations and internal compliance mandates at regulated firms.
Operational drag
OTC event derivatives are illiquid, bilateral, and carry counterparty credit risk that pool-based markets eliminate.
A new institutional asset class.
Parallax exists to make event risk a first-class asset class — standardized, liquid, and operationally indistinguishable from the instruments institutions trade today. As the participant base grows, the flywheel is well understood: deeper pools, tighter implied probabilities, richer event coverage.