business
This startup wants to reduce payment friction on prediction markets
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- As prediction market volumes continue to march higher and platforms increasingly look to institutional players to engage, a startup is seeking to make it easier to move money around on event contract exchanges.
- EDGE Markets — which runs a banking platform designed for gambling and prediction market spending — is set to debut two products, the company shared exclusively with CNBC ahead of a Monday announcement.
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As prediction market volumes continue to march higher and platforms increasingly look to institutional players to engage, a startup is seeking to make it easier to move money around on event contract exchanges.
EDGE Markets — which runs a banking platform designed for gambling and prediction market spending — is set to debut two products, the company shared exclusively with CNBC ahead of a Monday announcement. It will also reveal a $29.2 million Series A funding round, led by venture capital firm CoinFund.
Article preview — originally published by CNBC. Full story at the source.
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