Episode 54: EDGE Markets Raises $29.2M Series A, With CEO Seni Thomas
Press release to accompany this week's podcast:
NEW YORK – June 8, 2026 – EDGE Markets, a financial services company that creates products for alternative financial markets in the gaming, crypto and prediction markets’ space, announced today that it closed a $29.2 million Series A round. CoinFund led the round, alongside Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital.
With this funding, EDGE Markets is expanding its offerings to introduce EDGE Pro, the first high throughput deposit accounts for market makers that enable seamless, real-time deposits into all CFTC regulated exchanges. EDGE Pro solves the two largest friction points for institutional capital to scale: multi-liquidity pool post-execution settlement and margin. To enable this solution, EDGE Markets is actively pursuing both an Introducing Broker and Future Commission Merchant registrations with the National Futures Association. These registrations will allow EDGE Pro users to execute orders directly through their EDGE Pro accounts and conduct post-execution settlement across various liquidity pools to dramatically amplify capital efficiencies vs. the current model where all trading accounts need to be prefunded and fully collateralized. Finally, EDGE Pro users will be able to plug and play existing margin from third party prime brokerages. To sign up for early access to EDGE Pro, market makers can visit www.edgemarkets.io/pro [http://www.edgemarkets.io/pro].
“The core vision of EDGE Markets has always been to decrease friction for capital to flow in regulated markets. With the high velocity growth of prediction markets, we are excited to build and support the core infrastructure for traders to efficiently scale their activity. There are many talented groups building exchanges, but we’re building the base station for capital allocation, to address their real needs,” said Seni Thomas, Founder and CEO, EDGE Markets.
The new funding will also go towards launching EDGE Connect; the industry’s first purpose built payment rail, engineered specifically for the regulated gaming and prediction market ecosystems. EDGE Connect will replace traditional consumer rails with a real-time network that will deliver significantly lower transaction costs for operators by only charging a fee on Net New Deposits over a 24-48 hour period. EDGE Connect significantly reduces churn costs, eliminates chargebacks, and provides users with a faster, more secure experience. Back testing with major operators has shown a 70%+ cost reduction in payment processing fees. EDGE Connect also supports high throughput Real Time Payments (RTP) at no cost for EDGE users or operators to push funds into their accounts 24/7/365. RTP is supported by the majority of banks in the US and requires no integration from operators. To support the early growth of the prediction market ecosystem, both EDGE Connect for operators and EDGE Pro for market makers will be provided at no cost for all early users and operators in 2026.
“The biggest moments in gaming and prediction markets happen on nights and weekends, exactly when the banking system slows to a crawl. EDGE built the rails to match that reality. And, as institutions start to participate in these markets seriously, the ability to move capital in size, in real time, any day of the week, stops being a nice-to-have and becomes table stakes. We think EDGE becomes the default settlement layer for an entirely new category of financial markets,” said Alex Felix, Co-Founder, Managing Partner and CIO of CoinFund.
Since its launch a year ago, EDGE Markets’ VISA debit program, EDGE Boost, has processed over two billion in transactions to date, making it one of the fastest growing debit cards in the history of VISA. The company has also partnered with ZeroHash to introduce a compliant crypto-to-USD conversion path for users, ensuring a seamless ability to access funds. As the only banking platform dedicated to the gaming and prediction market industries, EDGE Boost offers instant access to funds with no hidden fees, or pain points associated with gaming and traditional banks. EDGE Boost separates these funds from every day finances and gives users tools to track and control their spending across multiple operators. Proprietary research conducted by EDGE Boost in partnership with Betting Hero found that 85% of high-value gaming users expressed interest in a financial product tailored specifically to gaming.
About EDGE Markets
EDGE Markets is a U.S. banking solution that empowers users with financial transparency, supporting emerging verticals such as betting, gaming, and casinos. Its original product, EDGE Boost, is the first responsible financial platform for smart bettors. It is the first betting-only debit card account that is FDIC insured up to $250,000*. As a neutral, third-party, EDGE Boost provides financial segmentation and a holistic view to bettors for all their financial betting data, with custom tools, like personalized spending limitations and cashback incentives, available to help all bettors be more responsible. Customers experience frictionless and instant betting that is compatible with almost any online or physical betting platform.
Get full access to The Closing Line at closingline.substack.com/subscribe [https://closingline.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4]
Comments
0Be the first to comment
Sign up now and become a member of the The Closing Line Podcast community!