01 / 32
Social Parlay · Investor Deck

Golf wagering has always been a sizeable market,
now it has a modern clubhouse.

The social prediction market for golf. Social-first since 2020.

Raising $2.5M · SAFE · $11.0M Post-Money
September 2026
02 / 32
Social Parlay · Investor Deck
Important Notice

Disclaimer

Confidentiality
This presentation is confidential and is provided for discussion purposes only. It may not be reproduced, distributed, or disclosed to any third party without the prior written consent of Social Parlay.
No Offer of Securities
This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. Any offer or sale of securities will be made only pursuant to definitive transaction documents and in compliance with applicable securities laws.
Forward-Looking Statements
This presentation contains forward-looking statements, including projections of market size, trading volume, revenue, users, and profitability. These statements are estimates based on assumptions that are inherently uncertain and are not guarantees of future performance. Actual results may differ materially.
Third-Party Data
Market data and industry statistics cited herein are drawn from third-party sources believed to be reliable. Social Parlay has not independently verified this information and makes no representation as to its accuracy or completeness.
Regulatory Considerations
Prediction markets and event contracts are subject to evolving regulation. Availability of the platform and its products may vary by jurisdiction, and there is no assurance that required approvals or exemptions will be obtained or maintained.
Risk of Loss
An investment in an early-stage company involves a high degree of risk, including the possible loss of the entire investment. Prospective investors should conduct their own due diligence and consult their own legal, tax, and financial advisors.

All dollar figures are expressed in U.S. dollars (USD) unless otherwise noted. By reviewing this presentation, you acknowledge and agree to the foregoing. © 2026 Social Parlay. All rights reserved.

03 / 32
Social Parlay · Investor Deck
The Founding Thesis · Est. 2020

The 19th Hole

Golfers don’t need to be taught to bet. Every weekend group already has a skins game, a nassau, somebody pressing on 14. The 19th hole is where it all gets settled — over drinks, with the scorecards out. Nobody has ever built software for that room. That’s what we’ve done.

Imagine your golf group chat, with peer-to-peer wagering functionality built in.
04 / 32
Social Parlay · Investor Deck
The Insight

Golfers already bet. Just not on anyone's platform.

Observe a Saturday four-ball. Games get priced on the first tee, tracked in someone's head, settled in the parking lot or the group text. It works. None of it happens in an app, because no app has ever replicated the group dynamic.

01
Priced on the tee
02
Tracked in heads and scorecards
03
Settled at the 19th hole
05 / 32
Social Parlay · Investor Deck
Golf Deep Dive

One Golf Tournament Drove $545M in Prediction Market Volume.

The 2026 Masters generated $545M on Kalshi — the largest pure-sports handle in the platform's history.

“Kalshi recorded $545 million in volume on the Masters, beating the most recent Super Bowl.”
Bill King, Sports Business Journal, April 17, 2026sportsbusinessjournal.com/Articles/2026/04/17

And it happened on a trading floor: solitary, anonymous, one market at a time. Most golfers don't bet because they love markets. They bet because their friends are in.

06 / 32
Social Parlay · Investor Deck
Golf Deep Dive

Demand is proven. The gap is social — and depth.

Golf already clears hundreds of millions on a generalist exchange — $460M in one outright at the 2026 Masters. What's missing is a product that speaks golf: deep books, live data, and clubhouses, follow, copy-trading and leaderboards.

What a generalist exchange is
●~85% of golf volume sits in one outright book; dozens of other golf markets trade thin
●Generic event-contract shell shared with politics and weather; American odds bolted on
●No golfer-grade player or round data in the trade ticket
●Its social feature (Apr '26) follows posts, not positions — no automatic copy-trading, nothing golf-native
What Social Parlay Builds
●Follow traders and see their positions
●Copy-trading
●Live trading leaderboards
●Comments and trollbox
●4–6 deep market types: outright, top-5 / top-10, make-cut, featured H2H, 3-ball
●DataGolf-fed player and round data in the ticket, auto-resolution
●Golf-native UX, not a general prediction app

The leading generalist exchange generated ~$1.3B in estimated annualized sports revenue (FT, Feb 2026). A golf-native layer on the books that already trade is the gap.

Sources: SBJ (King, Apr 17, 2026) · DeFi Rate (Apr 13, 2026) · FT (Feb 2026) · Covers (Apr 13, 2026) · Kalshi Help Center

07 / 32
Social Parlay · Investor Deck
Why I'm building Social Parlay · Colin Masters, Co-Founder & CEO

I took up golf in my thirties and got hooked. My co-founders showed me the course was a market.

Before golf
Seven years on trading floors at JPMorgan, Deutsche Bank and Barclays, building the market data systems that turn a dozen feeds into one price an application can trust. Eight years after that building products people hold in their hands, including Blockstream Green, an open-source Bitcoin wallet — where I learned what it means to hold other people's money in software.
The first try
In 2020 we built a wagering app for golf friend groups. About 200 people used it and it failed: an app inside one friend group can't reach the depth that makes a market work. We shut it down, kept what people loved about it, and in 2024 rebuilt from the market up.
What golf is
A deep book with no data is a slot machine. Data with no one to trade against is a stats site. And a market with no one to argue with isn't golf.

Full story at investors.socialparlay.com/founder-story

08 / 32
Social Parlay · Investor Deck
The Product

Imagine your golf group chat, with peer-to-peer event-contract trading built in.

That's the clubhouse. Anyone can create one for their own group, and every clubhouse gets all six rooms.

The Clubhouse
Start one for your own group: a private space with chat, live positions and leaderboards. Consolidates the trash talk and the bet tracking scattered across iMessage.
The First Tee
A friend sends an invite. Accept, add a payment method, join in under a minute. No wallet, no seed phrase.
The Challenge Board
Peer-to-peer head-to-heads between friends, visible to the whole group.
The Money Game
Pooled group positions tracked as a single slip: skins, nassaus, presses, on a live tournament.
The Gallery
Live tournament feed during play: position swings and hole-by-hole markets.
The Range
Free tier: trick-shot uploads and skill challenges, no money at stake.

The social product is planned, not yet built; sequencing is on The Build. Feature roadmap is directional and subject to regulatory review by jurisdiction.

09 / 32
Social Parlay · Investor Deck
The Money Game, in person

Every game your club already plays. Settled on Arcline.

The clubhouse isn't only for tournament week. The games golfers actually play — at their own club, against people they know — get a slip, a leaderboard and a settlement, the same as a Masters market.

Club championships
Flights, matchups and the outright, priced by the members
Wednesday four-balls
The standing game, tracked week to week
Men's night
Skins and side games, settled before the first round at the bar
In-person events
Course activations and member days, live on the board

Same engine, same escrow, same instant settlement. The clubhouse goes wherever the golf is.

Club-event formats are directional and subject to regulatory review by jurisdiction.

10 / 32
Social Parlay · Investor Deck

Everyone else stops at the Tour.

We cover golf all the way down to Saturday's four-ball.

The Majors
The Tour
Club championships
Men's night
Saturday's four-ball
Everyone else
General prediction markets & sportsbooks
Social Parlay
11 / 32
Social Parlay · Investor Deck
The First Clubhouse

The Elks Golf & Country Club

The inaugural clubhouse on the platform. Members-only, invite-only, capped membership. Members get early feature access and take part in live course activations.

Clubhouse · Flagship
The Elks Golf & Country Club
INVITE-ONLY
ACCESS
Members-only
MEMBERSHIP
Capped
Joining: By invitationRole: Inaugural clubhouseStatus: Concept
Member benefits
01
Invitation from a member
02
Live course activations
03
Early feature access
12 / 32
Social Parlay · Investor Deck
Why It Compounds

Members bring members

01Play
Members trade tournament markets inside their clubhouse
02Share
Winning slips get screenshotted into the group chat
04Challenge
Existing members take on new ones; retention rises
03Invite
Friends tap in with live positions through one-minute onboarding

Acquisition cost falls as the network grows. This is the CAC model.

13 / 32
Social Parlay · Investor Deck
The Build

How we sequence it

Phase I
Course activations
Profiles, The Elks clubhouse, head-to-head challenges launched at live golf events
Phase II
The invite loop
Shareable slips, one-tap funded invites, group money games — member-driven growth
Phase III
Leagues and the Gallery
Live tournament features, season-long leagues, community play

Feature roadmap is directional and subject to regulatory review by jurisdiction.

14 / 32
Social Parlay · Investor Deck
Product Readiness

What's built

Two years on the market underneath. The social product goes on top.

Core Engine
✓Live P2P orderbook with on-chain matching and settlement; the operator never takes the other side
Blockchain
✓Custodial escrow and wallets on Solana via Triton One; devnet today, mainnet in 2027 H1
Data
✓Multi-source live player, round and course data, verified across feeds and auto-resolved
Social
✓Follow and copy-trading, live leaderboards, comments and trollbox, profile visibility, shareable tickets

Full market lifecycle on Solana, live on devnet with the founding team and friends.

15 / 32
Social Parlay · Investor Deck
The Team

Built by Marketplace Veterans

CM
Colin MastersCo-Founder & CEO
●British Army veteran, three operational tours with the Royal Irish Rangers, then bricklayer, then a computing degree earned while working his way onto trading floors
●15+ years engineering: 7 building algorithmic trading and market-data systems at JPMorgan, Deutsche Bank and Barclays in New York and London, then 8 leading consumer product teams
●iOS lead on Blockstream Green, the open-source Bitcoin wallet, deep crypto product experience
●Led global engineering teams (Apple Platforms Lead, Neone); shipped a US App Store Top-20 app, Featured by Apple (SHRED)
●Founded Social Parlay in 2020 as a golf wagering app (~200 users, shut down); rebuilt it as a peer-to-peer exchange in 2024 and took the Arcline AMM and Solana settlement build to closed beta
●Strategy, fundraising, and product vision, leading the $2.5M SAFE round
JL
Jason LeeCo-Founder & CTO
●Formerly Senior Engineer at Triton One, the Tier-1 Solana RPC provider powering the platform's settlement infrastructure. Full-time at Social Parlay.
●Principal Engineer at One Medical, consumer platform engineering at scale
●Co-Founder at Fenix Global, where the core Social Parlay team first collaborated
●Leads engineering across the Arcline AMM, Solana custodial wallets, and multi-source golf data integrations
K
Kris Dahl
CFO
Former TD Bank exec. Financial ops & compliance.
C
Chris Gillard
Sales & Marketing
Golf industry relationships & go-to-market.
J
Jared Clark
Operations
Engineering & Architecture Research & Consultation Amazon DSP

Core team collaborated at Fenix Global and Acuitas Trading Technologies.

16 / 32
Social Parlay · Investor Deck
The Ask

$2.5M SAFE · $8.5M Pre / $11.0M Post-Money · 22.7%

Use of Funds

Marketing & GTM
50%
$1.25M
First clubhouses, course activations, one-minute funded invites, fiat on-ramp
Engineering (dev contractors)
25%
$625K
Social product on Arcline, audit, mainnet, geo-fence
Legal / compliance
15%
$375K
Begin 2-yr, $2M+ US license process; opinions, counsel. Not inside CAC.
Ops / reserve
10%
$250K
Runway, one or two hires. No market-making line.
Total
$2.5M

What $2.5M Unlocks

1The first clubhouses live on mainnet (non-US) — 5,000 users @ ~$25 avg revenue
2Golf vertical buildout on the Arcline Engine
3Begin US license process (2-yr, >$2M registration)
4Path to sequenced raises: $10M → $25M → $50M IPO
5$202.5M revenue run-rate by 2032 (Company model)

Stacks on the existing pre-seed (friends, family, angels). $2.5M SAFE at $8.5M pre-money / $11.0M post-money — 22.7% as-converted, fully diluted.

17 / 32
Social Parlay · Investor Deck

Golf wagering has always been a huge market,
now it has a modern clubhouse!

Let's talk.

socialparlay.com · Vancouver, BC

Founder story →

18 / 32
Social Parlay · Investor Deck
Supporting Material

Appendix

Market · Regulatory · Golf deep dive · Traction · Product · How it works · Engine · Go-to-market
Projections · Financials · Competitive · P&L · Comparables · Exit strategy

19 / 32
Social Parlay · Investor Deck
Market Opportunity

Prediction Markets Are Forecast to Hit $1 Trillion by 2030.

Sports drive the majority of prediction market volume. Bernstein (Apr 2026) forecasts $51B of volume in 2025 and ~$1T by 2030, an ~80% CAGR.

Prediction Market Volume Trajectory
Bernstein forecast
~$8B
2023
~$20B
2024
$51B
2025
$240B
2026
$1T
2030
$167B
US Sports Handle (2025)
AGA State of the States
~80%
Sports Share of Prediction Volume
Pew Research (Kalshi, since Jul 2024)
+33%
Golf Betting Volume Growth
YoY (SBJ)

Sources: AGA State of the States 2025 · Bernstein via CNBC / CoinDesk (Apr 2026) · Pew Research · SBJ

20 / 32
Social Parlay · Investor Deck
Regulatory Landscape

The War Was Fought. The Market Is Open.

The incumbents fought and paid to open this category. We don't need to fight the frontier: we follow into opened markets, and we geo-fence by default until counsel says otherwise.

“States cannot circumvent the clear directive of Congress. If you interfere with the operation of federal law in regulating financial markets, we will sue you.”
The Category Is Onshore
CFTC-registered DCMs made event contracts a mainstream product. Kalshi and distribution through Robinhood and Coinbase opened the category. That is their war and their cost.
Capital Is In
Kalshi raised $1B at a $22B valuation in May 2026. Bernstein forecasts $240B of prediction-market volume in 2026 and $1T by 2030.
The Fight Is Live, and That Is Useful
Twenty-plus state actions and a live circuit split. We do not need to fight the frontier; we enter jurisdictions where a licensed operator is already allowed.
Geo-fence First
We are not a DCM and we do not claim the preemption shield. A licensing / registration pathway is under discussion with counsel. Until counsel recommends otherwise, geo-fence is the default.
21 / 32
Social Parlay · Investor Deck
Golf Deep Dive

One Golf Tournament Drove $545M in Prediction Market Volume.

The 2026 Masters generated $545M on Kalshi — the largest pure-sports handle in the platform's history. $460M of that (84%) was the outright champion contract.

Proof of Demand: Scale of Golf Events
golf · single platform
$130M
PGA Champ Day 1 (golf)
$460M
Outright champion · 84% of Masters volume
$545M
Masters total (Kalshi, golf)
$1.3B
Kalshi Annualized Sports Revenue
~20% of DraftKings est. 2026 revenue (FT)
+33%
Golf Betting Volume Growth (YoY)
+15% more bettors (SBJ)
85%
Sports share, Masters week (Kalshi)
Not golf-only — all sports that week. DeFi Rate / Covers
“Kalshi recorded $545 million in volume on the Masters, beating the most recent Super Bowl.”
Bill King, Sports Business Journal, April 17, 2026sportsbusinessjournal.com/Articles/2026/04/17
22 / 32
Social Parlay · Investor Deck
Traction

Milestones & Roadmap

v1 shipped and was shut down in 2020. The exchange was rebuilt from 2024 and is live on devnet with the founding team and friends. This raise funds regulatory guidance and the 2027 H1 mainnet launch.

2020
v1: social golf wagering app
~200 users. Shut down. A market inside one friend group can't get deep enough to work. The idea survived.
2024 Q1
Rebuilt as an exchange
Research, product design, core architecture
2024 Q3
Pre-Seed ~$250K
Friends, family, and angels
2025–26
Platform Built
On-chain order book, custodial escrow, and settlement on Solana · multi-source live player and round data, auto-resolution · leaderboards, follow, copy-trade
2026 Apr–May
Devnet Live
Full market lifecycle on Solana. Founding team and friends
2026 Q3
This RaiseIn Progress
Raising SAFE. Regulatory framework and guidance with counsel. Build a real CAC / GTM plan
2027 H1
Mainnet + Gated Launch
Security audit, mainnet deploy. CAC via partnerships for first real users on majors + signatures, 4–6 deep market types
2027 H2
Expand
Weekly PGA Tour events beyond majors and signatures

As of August 2026 · Devnet live, team and friends · SAFE round open

23 / 32
Social Parlay · Investor Deck
The Product

Prediction Markets
Built for Golf

Trade YES/NO golf contracts against other fans. Live golf data in the ticket. Follow, copy-trade, and climb the leaderboard. Clubhouses for your crew: private groups alongside the Tour markets. Escrow and settlement on Solana. The house never takes the other side.

YES · 32%Illustrative poolNO · 68%
32%
68%
Shares Traded
YES or NO
Pool Fills
P2P, no house
Event Resolves
Winners split pool
The Masters 2026
Scottie Scheffler wins?
LIVE
YES
$0.32
32% implied
NO
$0.68
68% implied
Ticket: IllustrativeScope: Team-only devnetCloses: Apr 13
🏆 Trading Leaderboard
#1
Tyler M.
YES Scheffler
+$412
#2
Sara K.
NO Rory
+$289
#3
James R.
YES Morikawa
+$174
#4
Priya S.
YES Top-5
+$91
24 / 32
Social Parlay · Investor Deck
How It Works

A Real Orderbook.

How trades execute today

Buys fill against resting sell orders on a peer-to-peer book first, and anything left is minted by an on-chain bonding curve that moves the price with every order; sells post to the book once a market clears its liquidity threshold.

Scheffler YES, Live OrderbookPrice · Size (shares)
SELL$0.36
420
SELL$0.35
810
SELL$0.34
1,200
spread $0.01
BUY$0.33
950
BUY$0.32
640
BUY$0.31
380
How we make money
🏦
Settlement Fee
Deducted on-chain
A flat 2% of the settlement pool, deducted on-chain before winners are paid when the event resolves.
2%
of the settlement pool
On-chain
at event resolution
⚡
Taker Fee
Order book sells
A flat 0.5% charged to the seller on order book fills. Buyers pay nothing to enter a position.
0.5%
seller, on book fills
0%
to buy in
Roadmap: zero-cost tradingRoadmap
Target model: no taker fee, with maker and taker rebates paid from the settlement pool at resolution. Roadmap; not yet built.
25 / 32
Social Parlay · Investor Deck
Engine Optionality

Golf is the proof. Arcline is the platform.

Social Parlay is a golf-only product and stays that way; it is where the technology is proven. Arcline is the engine underneath it: pricing, settlement, wallets, and audit. Each future vertical (F1, cricket) is its own fan experience built on Arcline under its own brand, never a rebadged Social Parlay. Operators can also license Arcline outright. Both are options we earn by proving golf first.

GolfLIVE
F1LATER
CricketLATER
Soccer · eSports · UFC/MMA
ARCLINE ENGINE
AMM Pricing · Order Book · Settlement · Wallets · Audit Trail
Solana · USDC
F1
24 race weekends a year, a global and fast-growing fanbase, and a natural fit for field markets: race winner, podium, and driver head-to-heads on live timing data.
Cricket
One of the world's largest fan bases (IPL, T20, international tests), rich multi-outcome markets, and in-play potential from ball-by-ball data feeds.
Licensing Model
Option value — exercised only after golf is proven
$180–250K
annual platform fee
+ rev share
on partner volume
Software revenue, not wagering revenue. Recurring, higher margin, lower regulatory exposure, and it prices on an infrastructure multiple rather than a gaming one.

Golf is the only vertical in production. Each future vertical is a data integration, not a rebuild — and none ships before the golf books are deep.

26 / 32
Social Parlay · Investor Deck
Go-to-Market · 2027

A funded path to 5,000 users and first revenue

This slide is the CAC slice of the raise — the 50% marketing allocation ($1.25M of $2.5M), broken out below. Marketing is the single largest line of the raise because the model's growth engine is user acquisition — and we start from an existing community, not from zero.

Where the budget goes — $1.25M
Partnerships & venues
40% · $500K
Golf platforms, clubs, leagues, and creators with existing audiences. One partnership seeds 20–50 users.
Community & content
25% · $312K
Discord community (5,000+ followers today), r/golf (1.2M), organic content timed to majors.
Majors & activations
20% · $250K
Tournament-week campaigns — Masters and signature events drive 3–5× engagement spikes.
B2B licensing
15% · $188K
Prediction layer to golf apps and venues that already have the users — they arrive on the partner's dime.
What it funds
8,300
Users funded at $150 blended CAC
1.7× the 5,000-user line booked for 2027
$125K
First revenue year (2027)
5,000 users × $25 avg revenue — exactly the model's line
100K → 1M
User ramp 2028–29
The model builds ~10× a year on the base this budget funds
$25
2027 blended rev / user
Narrows to ~$15 by 2032 as white-label mix grows

Channel allocation is directional — to be refined in year 1. Counsel stays a separate line on the Ask, kept out of CAC. Numbers per the Company model (Aug 2026; user path revised Sep 2026).

27 / 32
Social Parlay · Investor Deck
User Projections

Golf trades in seasons. The floor rises every winter.

Activity peaks at the majors and drops when the Tour goes quiet. The test of the business is not the April spike, it is how many funded users are still trading in January. Each winter floor lands above the previous Masters peak.

Funded users active in the week · monthly, log scale
Shaded: off-season
Active in weekFunded users (cumulative)
2027 · Stage 1 · Course activations
Gated mainnet launch ahead of the Masters. Majors and signatures only. ~5K funded by year end; 0 → 100 course activations.
2028 · Stage 2 · Funded invites
Weekly Tour calendar. Referrals and funded invites from active traders. ~100K funded; winter floor ~18K, above the prior Masters peak.
2029 · Stage 3 · Leagues and partnerships
League play and first white-label pilots. ~1M funded, on track for 3M by end-2030. Beyond the 2030 Masters: appendix scenario.
Year-end funded totals match the company model (Aug 2026); 2030 shown through the Masters. Monthly shape is illustrative of the Tour calendar, not a forecast. Blended rev/user ~$25–$30 in this period.
28 / 32
Social Parlay · Investor Deck
Financials

Revenue Growth Projection

2026–2032 model for the Arcline Engine, assuming successful execution of the roadmap and each funding raise. Cumulative capital raised 2026–2029: $87.5M.

Revenue ($M)
Source: Company model, Aug 2026
2026202720282029203020312032
Revenue$0$125K$2.75M$30M$60M$122.5M$202.5M
Mainnet users05K100K1M3M7M13.5M
Rev / user—$25$27.50$30$20$17.50$15
$202.5M
Revenue run-rate (2032)
Direct + white-label
13.5M
Mainnet users (2032)
From 5K in 2027
$125K
First revenue (2027)
5K users @ ~$25 rev/user
$25→$15
Blended rev / user
Narrows as white-label mix scales
Capital to Be Raised
$2.5M SAFE
2026
Golf vertical buildout on Arcline
$10M
2027
Solana mainnet (non-US) · begin US license
$25M
2028
Grow non-US users · IPO filing
$50M IPO
2029
US license · white-label launches
$87.5M
Cumulative capital raised 2026–29 (incl. IPO)
29 / 32
Social Parlay · Investor Deck
Competitive Position

Depth Wins the Vertical

Kalshi already proved golf. We do not out-count them. We are golf-native: a few deep books, live golf data in the ticket, follow / copy-trade / leaderboards. “Depth” means 4–6 deep books — not 30 tickets.

PolymarketKalshiDraftKingsSocial Parlay
FocusGeneralistGeneralist (US DCM)SportsbookGolf-native
Golf booksSome majorsBroad (outright + finish + H2H + props)Sportsbook menu4–6 deep types (outright, top-5/10, cut, H2H, 3-ball)
P2P / no houseYesYesNoYes
SocialWeakWeakMedia / promoFollow, copy-trade, leaderboards
Private groups / clubhouses———Yes — private groups alongside Tour markets
Player / round dataThinGenericContentMulti-source, merged in ticket
UXGeneric exchangeGeneric exchangeSportsbookBuilt for golf
Near-term calendarSelect eventsSelect PGA + majorsMost PGAMajors + signatures first, then weekly Tour
30 / 32
Social Parlay · Investor Deck
Financials

Revenue is mainnet users × blended RPU ($25 in 2027 → $15 in 2032) as white-label mix grows. User path revised Sep 2026 (100K in 2028, 1M in 2029); OpEx lines are from the Aug 2026 model and are being relocked to it. Counsel is its own line.

2026202720282029203020312032
Mainnet users05K100K1M3M7M13.5M
Revenue$0$125K$2.75M$30M$60M$122.5M$202.5M
Engineering + audit($1.2M)(~$1.4M)(~$1.6M)(~$2.5M)(~$3.5M)(~$4.0M)(~$5.0M)
GTM / marketing($0.1M)($0.8M)($1.0M)($7.5M)($12M)($10M)($12M)
Legal / counsel($0.4M)(~$0.6M)(~$0.8M)(~$1.5M)(~$2.0M)(~$2.5M)(~$3.0M)
Infrastructure + data($12K)(~$35K)(~$40K)(~$50K)(~$75K)(~$100K)(~$150K)
G&A / other($0.2M)(~$0.25M)(~$0.4M)(~$2.0M)(~$2.5M)(~$3.5M)(~$6.0M)
Total operating expenses~$1.9M~$3.1M~$3.8M~$13.5M~$20M~$20M~$26M
Pre-tax operating result~($1.9M)~($3.0M)~($1.1M)~+$16.5M~+$40M~+$102.5M~+$176.5M
2026
Cost year
$0 revenue · spend is the raise, not users
2027
First revenue
$125K · 5K users · still a loss year
$87.5M
Capital 2026–29
$2.5M → $10M → $25M → $50M IPO
2029
Profit turn (model)
1M users clears Aug-2026 opex lines; opex being relocked
31 / 32
Social Parlay · Investor Deck
Market Validation

Category comps, not our multiple.

Prediction markets are real and capitalized. Golf already prints exchange volume.

CompanySectorMetricValueSource / date
KalshiPrediction MarketsAnnualized sports revenue$1.3B (Feb 2026) → ~$4B (2026)FT via Yahoo · SBJ
KalshiPrediction MarketsMasters week volume (golf)$545M (Apr 2026)DeFi Rate · SBJ
PolymarketPrediction MarketsDaily volume$200–300MPolymarket
DraftKingsSportsbook (DKNG)Sports revenue$2.7B (2023)DKNG 10-K
FanDuelSportsbook (Flutter, FLUT)Sports revenue$2.4B (2023)Flutter 10-K
Golf (category)Golf bettingVolume growth+33% YoY (2026)SBJ
BetMGMSportsbookSportsbook volume$37B+ (2025)SBJ

Kalshi showed golf can clear hundreds of millions on a generalist exchange. We're not the same stack with more tickets, we're golf-native (data, UX, 4–6 deep books, follow / copy-trade).

32 / 32
Social Parlay · Investor Deck
Exit

Built to a $200M+ revenue pace — then a target

The model reaches a $202.5M revenue run-rate by 2032— golf vertical plus white-label engine — at which point the company is an acquisition target. A seed outcome can still be a strategic tuck-in: the golf wedge, engine, and audience.

Buyers (no fake tickers)
DraftKings (DKNG)
Sports + predictions — already buying adjacent platforms.
Flutter (FLUT)
FanDuel is a Flutter brand — the other US sports giant.
Kalshi
Already in golf; may buy a golf-native layer rather than build it.
Golf / media / venue platforms
The prediction-layer thesis, licensed in. No logos.
Return math — ranges, not one number
Company model (2032)
$202.5M revenue run-rate. Gaming / marketplace multiples of 3–8× → ~$600M–1.6B, before a strategic premium.
Base (2030, mid-model)
$60M revenue at 3–8× → $180–480M.
A golf-native book with real users, retention, and an engine someone else can plug in is a buy. White-label infrastructure is the second exit vector (Arcline Engine, licensed).