In this photo illustration, an online prediction market site’s app is displayed on an electronic device on February 25, 2026 in Chicago, Illinois.
Scott Olson | Getty Images
As prediction market volume continues to grow and platforms increasingly focus on engaging with institutional investors, one startup is looking to make it easier to move funds on event contract exchanges.
EDGE Markets, which operates a banking platform designed for predicting gambling and market spending, is set to debut two products it shared exclusively with CNBC ahead of Monday’s announcement. It will also reveal a $29.2 million Series A funding round led by venture capital firm CoinFund.
The company plans to introduce EDGE Connect, a real-time payment system that reduces the time it takes for individual traders to transfer funds from their bank accounts to prediction market exchange wallets.
Users have access to EDGE Connect when using EDGE Boost, a financial platform that allows them to use their deposits only for spending on gambling and prediction markets. CEO Seni Thomas told CNBC in an interview that EDGE Connect is currently available on Kalshi and the company is actively working to implement the technology on five other platforms in the coming months.
Kalsi confirmed the partnership with EDGE to CNBC.
“We have a 24-hour market…and we can’t have money coming in at the same rate,” Thomas said. “Any of our users can sign in to our consumer bank account and actually withdraw up to $10 million per day, which will be deposited into your Karshi account within two minutes.”
The company is also introducing EDGE Pro, a platform that serves as a hub for institutional market makers to easily move funds between various prediction markets regulated by the Commodity Futures Trading Commission. Pro will be placed on a waiting list as EDGE awaits regulatory approval from the National Futures Association.
Thomas said Pro solves the unique problems that institutional investors face in the field of prediction markets.
“There will be 10 different liquidity pools that will actually offer very similar contracts,” he said. “You need a very fast infrastructure to be able to move all of this in real time.”
EDGE Markets was founded by Thomas in 2020 and subsequently launched EDGE Boost in March 2025. Since then, Boost has processed over $2 billion in transactions.
“The biggest moments in gaming and prediction markets happen on nights and weekends, precisely when the banking system slows down. EDGE built the rails around that reality,” CoinFund Managing Partner Alex Felix said in a statement. “We believe EDGE will become the default payment layer for a whole new category of financial markets.”
Disclosure: CNBC and Kalsi have a commercial relationship that includes customer acquisition and minority ownership.
