Prediction market-specific bank and payment infrastructure EDGE Markets has raised $29.2 million in Series A funding, led by CoinFund.

PANews reported on June 8th that EDGE Markets announced the completion of a $29.2 million Series A funding round, led by CoinFund, with participation from Indicator Ventures, Mantis VC, Stepstone Group, Bullpen Capital, and others. The company will launch EDGE Pro, a high-throughput banking platform for prediction market makers, supporting real-time deposits to all CFTC-regulated exchanges through a single account. It also plans to apply for Introducing Broker and FCM licenses to enable post-settlement of multiple liquidity pools and access to third-party margin. Simultaneously, EDGE will launch EDGE Connect, a payment network designed specifically for compliant gaming and prediction markets, charging fees only on net new deposits within 24-48 hours, claiming to reduce payment processing costs by over 70%, and supporting 24/7 real-time deposits for users and operators via RTP. Its VISA debit card product, EDGE Boost, has processed over $2 billion in transactions in its first year.

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