The pregnant parent here is the father
In seahorses the female transfers eggs into a sealed pouch on the male's belly, where he fertilizes and carries them. Late in pregnancy the pouch wall thins and grows a dense web of blood vessels that work like a mammal's placenta, feeding oxygen to the embryos and clearing their waste. A pot-bellied seahorse father can carry up to 1,000 young and gives birth after about a 30-day pregnancy.