EDGE Markets, a financial services company that builds products for alternative financial markets, including crypto and prediction markets, has announced a partnership with ProphetX, a leading sports exchange platform, to enable 24/7 real-time deposits, with daily deposit limits of up to $1 million for eligible users and no deposit fees charged to ProphetX participants.

The integration brings EDGE Connect, a private closed-loop settlement network, to ProphetX, enabling eligible EDGE Boost customers to fund their ProphetX accounts with up to $1 million a day. As an exchange, ProphetX matches traders against one another at market-driven prices rather than against a house line, so access to funds during live events matters much as it does on any trading venue. The move builds on EDGE Markets' recently announced partnerships with Kalshi and Polymarket, making ProphetX the latest exchange — and the third named platform — to adopt EDGE Connect.

Traditional account-funding methods can involve lower transaction limits, processing delays, and fees. These limitations can be particularly inconvenient for traders seeking to move funds during nights, weekends, and live market events — exactly when the traditional banking system creates delays. The introduction of EDGE Boost into the ProphetX funding rails gives eligible users access to daily deposit limits of up to $1 million, real-time fund movement with no banking-hour restrictions, and a dedicated bank account that separates trading capital from everyday finances. The ability to move significant capital onto ProphetX in real time addresses one of the most persistent friction points for active traders, and EDGE Connect solves it with FedNow rails — the instant-payment service the Federal Reserve launched in July 2023 to give participating banks around-the-clock settlement — clearing funds in near real-time, 24 hours a day, 365 days a year.

"The most active traders are no different from sophisticated participants in any other vertical: they need fast, reliable access to their capital on their schedule, not the bank's," said Seni Thomas, Founder and CEO of EDGE Markets. "Reaching the traders who are already moving serious capital on prediction markets is how EDGE Boost becomes the default financial platform for this space, and ProphetX gets us there."

"As the first federally regulated sports-native exchange, ProphetX is committed to building every layer of this ecosystem to the highest standard. EDGE Markets brings the same philosophy to the financial rails. FDIC-insured deposit accounts, real-time fund movement, and higher funding limits, all things critical infrastructure for our active traders as this market matures," said Dean Sisun, CEO and Co-Founder of ProphetX. In the United States, exchange-listed event contracts fall under Commodity Futures Trading Commission oversight — the framework that distinguishes federally regulated sports exchanges like ProphetX from offshore sportsbooks.

According to the announcement, EDGE Markets recently closed a $29 million Series A round led by CoinFund, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital, to accelerate the buildout of its institutional and consumer banking products across prediction markets. Since launching EDGE Boost, the company has processed more than $2 billion in transactions. Together, the funding round and the transaction milestone frame EDGE Markets' pitch: banking infrastructure purpose-built for markets that trade continuously.

EDGE Boost, the banking product powering this integration, is built around responsible trading. Its pilot program linking cashback rewards to responsible trading tools saw a 97% opt-in rate among users. Personalized spending limits and cashback incentives give traders tools to stay in control of their finances — a positioning that stands out at a time when sports event contracts have drawn regulatory attention in multiple US states. The announcement names no further exchange partners, but with Kalshi, Polymarket, and now ProphetX on EDGE Connect, the network's next adopter is an obvious point of attention as the sector expands.