EDGE Markets and ProphetX have integrated EDGE Connect into the ProphetX platform, giving eligible users a way to deposit funds around the clock with daily limits of up to $1 million, the companies said. The arrangement brings EDGE Markets’ banking product, EDGE Boost, into a regulated U.S. event-contract exchange whose users may need to move cash quickly when sports, political, or economic news changes contract prices outside conventional banking hours.
The companies said deposits through the integration carry no deposit fees for ProphetX participants and are supported by FDIC-insured deposit accounts offered through EDGE Boost. Eligible users can open an EDGE Boost account through a ProphetX-specific enrollment page and use the account to fund their trading activity.
EDGE Connect is designed as a private, closed-loop settlement network, according to EDGE Markets. The company said it uses FedNow, the Federal Reserve’s instant-payment service, to clear transfers in near real time on a 24-hour, seven-day basis. That structure would give users an alternative to funding methods tied to bank processing windows, weekends, and holidays.
For prediction-market participants, the practical effect is access to cash movement during periods when event-driven contracts can react sharply to breaking developments. A major sports injury, a court ruling, an election result, or an economic release can alter market pricing within minutes. Funding delays do not determine whether a trade will succeed, but they can limit a user’s ability to enter or adjust positions while a market is moving.
Funding network expands across prediction markets
ProphetX is the latest prediction-market operator to adopt EDGE Connect, EDGE Markets said. The company previously announced partnerships with Kalshi and Polymarket, extending the payment network across several of the most visible U.S.-facing platforms for event-based contracts.
The integrations point to a developing competition around payment infrastructure rather than contract design alone. Prediction markets have traditionally depended on card payments, automated clearing house transfers, wire transfers, or platform-specific account funding systems. Each method carries different limits, processing times, fees, and fraud controls. A network that enables eligible users to transfer larger balances on a continuous schedule could make platform access more consistent, particularly during weekends and major live events.
ProphetX, founded in 2018, describes itself as a regulated U.S. exchange for event-driven contracts and America’s first sports-native prediction market. Its focus places immediate funding tools in a market segment where contracts may settle within hours or days rather than over longer election cycles.
The $1 million daily limit is available only to eligible EDGE Boost customers, according to the companies. Account limits, access, and other conditions remain subject to the applicable agreements and compliance requirements. The announced cap is therefore an upper boundary for qualifying users, rather than a standard funding allowance for every ProphetX account holder.
FDIC coverage depends on account structure
EDGE Boost is described by the company as a debit card account offering FDIC insurance up to $250,000. Deposit accounts are held at Cross River Bank, Member FDIC, and are insured up to $250,000 per depositor under standard FDIC rules.
EDGE Markets also said its relationship with IntraFi Network Deposits may allow qualifying consumer accounts enrolled in the relevant program to receive additional FDIC insurance coverage. The company said funds can be distributed among participating network banks, providing aggregate coverage of up to $10 million for eligible consumer accounts.
That additional coverage is subject to account structure, ownership categories, program terms, and regulatory requirements, EDGE Markets said. Users considering larger balances would need to understand which funds are held in which account arrangement and whether they qualify for the expanded coverage program.
The EDGE Boost Visa Debit Card is issued by Cross River Bank under a license from Visa U.S.A. Inc., according to EDGE Markets. The company said the card is unavailable to some residents of U.S. territories, while account limits and product conditions are set out in its terms of service, cardholder agreement, and Cross River Bank account agreement.
The dedicated account is intended to separate prediction-market funding from ordinary household spending, the companies said. That separation could help users track deposits and withdrawals connected to trading activity, although it does not remove the financial risk of taking positions in event contracts.
Edge markets cites $2 billion in processed transactions
EDGE Markets said EDGE Boost has processed more than $2 billion in transactions since launch. The company also reported that a pilot program linking cashback rewards with responsible-trading tools recorded a 97% opt-in rate among users.
The company recently closed a $29 million Series A financing round led by CoinFund, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital, EDGE Markets said. It plans to use the proceeds to develop institutional and consumer banking products aimed at prediction markets.
The funding and platform integrations place EDGE Markets in a role closer to a financial-services provider for event-contract platforms than a conventional payments processor. Its product combines deposit accounts, debit-card access, payment rails, and account-management features with direct links to trading venues.
For ProphetX, the integration adds a funding option that could reduce the operational friction associated with waiting for conventional bank transfers to settle. For EDGE Markets, it creates another distribution channel for EDGE Boost while tying its banking infrastructure to a category of markets where timing can shape how users manage capital.
The companies did not provide transaction volumes specific to ProphetX or say how many of the exchange’s users are expected to qualify for the $1 million daily deposit limit. Their announcement instead centers on availability: eligible users can now access a bank-linked funding route designed to operate throughout weekends, overnight hours, and market-moving events.
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