Custody and Key Management - ParlayX

What ParlayX can and cannot do


Can ParlayX withdraw your funds?	No
Can ParlayX close your positions?	No
Can ParlayX trade without a trader instructing it?	No
Does ParlayX hold your venue account cash?	No, it stays at the venue
Can you leave and keep everything?	Yes

Three kinds of keys

Key	What it is
Trader API keys	What a trader signs requests with. Generated in their browser, and ParlayX stores the public half only
Pod wallets	Used for on-chain venue execution. Created with the pod, and cannot move to another. ParlayX signs with one only under a delegation an admin grants
Venue credentials	The account your entity holds at a venue such as Kalshi. Stored encrypted, with a signing key that cannot be extracted, and trading-only

What delegating access means

Delegating access lets ParlayX sign trades for a pod’s wallet. We never hold the private key, which stays with a custody provider, and funds can only leave a pod to an address you whitelisted in advance. Revoking the delegation is permanent. See Revoking a pod wallet.