This startup wants to reduce payment friction on prediction markets

In the fast-evolving world of prediction markets, one startup is making waves with innovative solutions to streamline money transfers on event contract exchanges. EDGE Markets, a company known for its banking platform tailored for gambling and prediction market expenditures, is gearing up to unveil two groundbreaking products. This exclusive information shared with CNBC comes alongside the announcement of a significant $29.2 million Series A funding round, spearheaded by prominent venture capital firm CoinFund.

The first product on EDGE Markets’ agenda is EDGE Connect, a cutting-edge real-time payments system designed to expedite the transfer of funds from individual traders’ bank accounts to wallets on prediction market exchanges. This platform will be accessible to users of EDGE Boost, a financial platform that restricts deposits solely for use in gambling and prediction markets. CEO Seni Thomas revealed to CNBC that EDGE Connect is already operational on Kalshi and is slated for integration with five additional platforms in the near future.

Kalshi, in confirmation of the partnership, emphasized the enhanced efficiency brought about by the collaboration. Thomas highlighted the immediate availability of funds, noting that users can seamlessly transfer up to $10 million per day, with funds appearing in their Kalshi accounts within a mere two minutes.

Additionally, EDGE Markets will introduce EDGE Pro, a centralized platform catering to institutional market makers seeking to navigate the complex landscape of regulated prediction markets overseen by the Commodity Futures Trading Commission. Although Pro will initially launch to a waitlist, pending regulatory approvals from the National Futures Association, it promises to address a critical challenge faced by institutional traders in the prediction market realm.

Thomas elaborated on the significance of EDGE Pro, emphasizing the need for swift infrastructure to facilitate real-time movement of assets across multiple liquidity pools offering similar contracts. Founded in 2020 by Thomas, EDGE Markets introduced EDGE Boost in March 2025, a platform that has processed over $2 billion in transactions to date.

CoinFund’s managing partner, Alex Felix, commended EDGE Markets for its forward-thinking approach, particularly in aligning banking operations with the dynamic nature of gaming and prediction markets. Felix expressed confidence in EDGE’s potential to become the preferred settlement layer for a new wave of financial markets.

In light of these developments, it is evident that EDGE Markets is poised to revolutionize the prediction market landscape, offering streamlined solutions for both individual traders and institutional players. Stay tuned for further updates as EDGE continues to drive innovation in this rapidly evolving sector.