A Startup Just Raised $29 Million To Fix Prediction Market Payments

Prediction markets never close. The banks behind them basically do.

So you can trade at 3 a.m., but your cash still moves at bank speed. That gap is the problem one startup just raised real money to fix.

And as more traders pile in, that gap only gets more costly to ignore.

The Money Moves At Old Bank Speed

EDGE Markets runs a banking platform built for one thing. It handles gambling and prediction market spending only.

On Monday it shared a $29.2 million funding round. The venture firm CoinFund led the deal.

It also showed off two new products. The first is EDGE Connect.

EDGE Connect pushes cash from your bank into your trading account fast. CEO Seni Thomas says you can move up to $10 million a day.

And it lands within two minutes. Right now it works on Kalshi, a federally backed exchange for event bets.

Thomas says the problem is timing. Markets run all day and night, but money cannot move that fast yet.

He says five more platforms are next.

What Is A Prediction Market

Here is the plain English. A prediction market lets people bet on real-world events.

You might bet on an election, a rate cut, or a game. The price of each bet moves up and down like a stock.

A Series A is an early, large round of startup funding. CoinFund is a venture firm that backs young companies.

EDGE only lets users spend their deposits on betting and prediction markets. That focus is the whole point of the platform.

We track the startups quietly building the plumbing under new markets in Market Briefs, and joining gets you a free investing masterclass on top of the daily read.

The Bigger Bet Is On The Pros

The second product is EDGE Pro. It is built for the big trading firms.

These firms buy and sell across many exchanges. As more sites offer the same bets, the firms must move cash between them fast.

Soon there could be ten pools of money for one type of bet. Pro is built to move cash across all of them in real time.

EDGE Pro will open through a waitlist. First it needs a green light from the National Futures Association.

The growth so far is why CoinFund is paying up. EDGE launched its first product in March 2025.

It has moved more than $2 billion since then. One CoinFund partner says EDGE could become the default way these markets settle up.

His logic is simple. The biggest moments in betting happen at night and on weekends.

That is exactly when banks slow to a crawl. EDGE built its system to match that gap.

One note for readers: CNBC and Kalshi share a business tie, which CNBC discloses.

What To Watch

The trading is here. The cash pipes are still catching up.

Whoever builds the fastest pipes gets to charge a toll on all of it.

If you like knowing where the smart money moves first, join the hundreds of thousands reading Market Briefs - you also get a 45-minute course on finding investments as a bonus.