EDGE Markets Launches Payment Solutions for Prediction Markets, Raises $29.2M Series A
EDGE Markets, a banking platform for gambling and prediction market spending, announced a $29.2 million Series A funding round led by CoinFund, along with two new products: EDGE Connect and EDGE Pro. The startup, founded in 2020, launched its EDGE Boost platform in March 2025 and has since processed over $2 billion in transactions. The announcement highlights growing demand for faster, more reliable financial infrastructure as prediction market volumes rise and institutional players increasingly enter the space.
EDGE Markets is launching EDGE Connect, a real-time payments system that allows individual traders to transfer funds from bank accounts to prediction market exchange wallets within two minutes, with daily limits of up to $10 million. The product is currently live on Kalshi, with five additional platforms in the pipeline. The company is also unveiling EDGE Pro, a hub designed for institutional market makers to move capital efficiently across multiple CFTC-regulated prediction market exchanges, though it will launch to a waitlist pending National Futures Association regulatory approval. CEO Seni Thomas emphasized that the core problem EDGE solves is the mismatch between 24-hour prediction markets and the slower pace of traditional banking infrastructure, particularly on nights and weekends. The $29.2 million Series A was led by CoinFund, whose managing partner described EDGE as a potential 'default settlement layer' for a new category of financial markets. CNBC disclosed a commercial relationship with Kalshi, including a minority investment, which is relevant context for evaluating the coverage.
What's missing
The article does not detail the specific terms or fee structures of EDGE Connect or EDGE Pro, nor does it address potential regulatory risks beyond the NFA approval process for EDGE Pro. The broader competitive landscape for prediction market payment infrastructure is not examined.
What different sources said
- CNBCCenter
This startup wants to reduce payment friction on prediction markets
- Yahoo FinanceCenter
Rothera: Robinhood’s Prediction Market Empire Is Quietly Taking Shape
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