Northwire Canada EditionFriday, July 17, 2026
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Financings

Intellistake Announces C$1,573,000 Development Agreement with Prospect Markets to Build 'Gravity', a Liquidity Management System for Prediction Markets

ISTK · Price

Executive Summary

  • Intellistake Technologies Corp. entered a development and platform agreement with Prospect Markets Inc. for the design, build, and two‑year exclusive license of “Gravity,” a modular liquidity‑execution engine for prediction markets.
  • Total consideration up to US $1,150,000 (≈ C$1,573,000), payable in staged development fees and a 24‑month licensing fee; US $1,000,000 may be settled via Prospect Markets shares.
  • The agreement provides Intellistake with co‑funded development costs (US $300,000) and establishes a revenue stream from the license (US $25,000 per month for 24 months).

Key Details

  • Agreement Value: C$1,573,000 (Canadian dollar equivalent) for development and licensing.
  • Development Stages & Payments:
  • Stage A (Proof of Concept – ~4 weeks) → part of US $550,000 total for stages A‑C.
  • Stage B (MVP – ~4–6 weeks after A).
  • Stage C (Full Production – ~10 weeks after B).
  • License Terms: Two‑year exclusivity license to integrate Gravity into Prospect Markets’ platform; monthly fee of US $25,000 for 24 months (total US $600,000).
  • Total Development Cost: US $300,000 (co‑funded by Prospect Markets).
  • Overall Consideration Payable to Intellistake: Up to US $1,150,000.
  • Equity Component: Subject to exchange approval, up to US $1,000,000 of consideration may be paid via issuance of Prospect Markets shares.
  • Intended Functionality of Gravity:
  • Mitigates liquidity collapse during one‑sided order flow.
  • Handles rapid news‑driven trade surges without excessive slippage.
  • Accelerates price discovery for new niche markets using short‑auction mechanisms.
  • Market Context Provided: Prediction market annualized run‑rate estimated at > US $325 billion (2026) with sports driving ~90% of volume; thin liquidity identified as a key barrier.
  • Quotes:
  • Jason Dussault, CEO, Intellistake – highlighted the need for infrastructure to sustain market stability and described Gravity as a solution to liquidity stress points.
  • Johnny Chen, Founder & CEO, Prospect Markets – emphasized scaling across global sports and the importance of resilient, high‑frequency trading infrastructure.

Notable Quotes

“Prediction markets have a well‑known pressure point — when order flow becomes heavily one‑sided, liquidity deteriorates and slippage follows… We are developing systems designed to address these challenges, and Gravity is how we intend to demonstrate that capability.” – Jason Dussault, CEO, Intellistake

“As we prepare to scale our platform across major global sports, market quality becomes just as important as market coverage… Working with Intellistake on the development of Gravity allows us to address liquidity stress at the system level.” – Johnny Chen, Founder & CEO, Prospect Markets

Read the original news release →

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