EDGE Markets Raises $29.2M to Build Banking Infrastructure for Prediction Markets

EDGE Markets — a Platinum Sponsor of the April 2026 Prediction Markets Conference and one of the more talked-about infrastructure companies in the space — has closed a $29.2 million Series A funding round, bringing total funding to $50.3 million. The round was led by CoinFund, with participation from Indicator Ventures, Mantis VC, StepStone Group, and Bullpen Capital.

Seni Thomas, founder and CEO of EDGE Markets, presented at the Prediction Markets Conference in Las Vegas this past April, where he outlined the structural problem the company was built to solve: prediction markets run 24/7, but the banking system still stops on weekends. That timing gap costs institutional traders real money, and it gets worse as the exchange landscape fragments.

Three Products, One Infrastructure Layer

EDGE Markets builds the infrastructure layer underneath the exchanges, not another trading platform. The company has three products: EDGE Boost, a purpose-built banking account for high-volume traders that has already processed over $2 billion in transactions since launching in March 2025; EDGE Connect, a private payment rail for operators that reduces processing costs by more than 70%; and EDGE Pro, a forthcoming institutional deposit account that will enable post-execution settlement across multiple exchanges — eliminating the need to pre-fund separate accounts at each one.

The Capital Constraint Problem

The capital constraint problem EDGE is targeting gets more acute with every new exchange that comes online. With five to seven fully live CFTC-regulated prediction market exchanges expected by year-end and more than 20 designated contract market applications in the pipeline, institutional capital will be stretched thinner across more pre-funded pools. EDGE Pro is designed to be the clearing layer that makes multi-exchange institutional participation viable.

What the Raise Signals

Thomas noted that EDGE Boost was the proof point investors needed. "Over $2B in volume demonstrated real demand for a purpose-built product in this space. Beyond that, investors recognized that EDGE has a combination of banking access, regulatory licenses, and infrastructure that most startups can't replicate."

The company's next milestones are launching EDGE Connect across major exchanges ahead of the NFL season and advancing EDGE Pro's regulatory registrations for commercial launch.