Prediction Markets

ProphetX Taps EDGE Markets to Unlock 24/7 Deposits and $1M Daily Limits

Posted on: August 25, 2026, 04:51h.

Last updated on: August 26, 2026, 05:00h.

Written by

Todd Shriber Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News...
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Key Points

ProphetX is partnering with EDGE Markets to enable daily trader deposits of up to $1 million
The high-limit, fee-free deposit structure is exclusive to EDGE Boost users
The partnership uses 24/7 banking rails to eliminate weekend clearing delays and deposit limits common at traditional sportsbooks

ProphetX has partnered with fintech firm EDGE Markets to enable platform users to deposit up to $1 million per day.

ProphetX, which is expanding its business-to-business (B2B) footprint, previously operated as a sports exchange and sweepstakes wagering platform before transitioning to a Commodity Futures Trading Commission (CFTC)-regulated prediction market.

Through the partnership with EDGE, ProphetX traders that are also EDGE Boost users can make no-fee deposits around the clock at up to $1 million on a daily basis. The companies see the partnership alleviating some of the burdens of large-scale deposits into traditional sportsbooks, including fees, transaction limits and clearing wait times.

“These limitations can be particularly inconvenient for traders seeking to move funds during nights, weekends, and live market events,” according to a statement. “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.”

EDGE Boost is a Visa debit card aimed at cryptocurrency traders and sports bettors and it’s gaining popularity in the wagering realm as more states and operators prohibit use of credit cards as account funding tools.

Money Never Sleeps

EDGE and ProphetX are attempting to fill a void in the prediction market space: Some active traders need to deposit large sums of capital and they want to do so at odd hours because yes/no exchanges are open 24/7.

“The ability to move significant capital onto ProphetX in real time addresses one of the most persistent friction points for active traders,” the companies added. “Nights, weekends, and live market events are exactly when the traditional banking system creates delays. EDGE Connect solves this with FedNow rails that clear funds in near real-time, 24 hours a day, 365 days a year.”

EDGE’s platform already facilitates real-time clearing for CFTC-regulated event-contract exchanges, highlighting how closely the privately held fintech firm is tied to the expansion of prediction markets.

Beyond ProphetX, EDGE maintains active partnerships with two of the industry’s largest prediction market operators.

Investors Backing EDGE, ProphetX

At a time when venture investors and other market participants are displaying affinity for prediction markets, EDGE Markets and ProphetX are benefiting from that trend.

Last month, ProphetX wrapped up a $35 million funding round in which eight venture investors and a variety of proprietary trading firms participated.

In June, EDGE Markets conclude a $29.2 million Series A funding round led by CoinFund with participation by four other investors, all of which were part of the company’s seed round.

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.