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ParlayX and EDGE Markets Partner to Unify Trading and Capital Movement Across Prediction Markets
Partnerships
ParlayX, the institutional trading platform for prediction markets, and EDGE Markets, a financial services company purpose-built for prediction markets, today announced a strategic partnership that integrates EDGE Markets directly into ParlayX, giving trading firms a single platform to trade and move capital across venues.
Trading firms hold capital across several prediction market exchanges, and rebalancing between them has meant leaving ParlayX to initiate manual transfers at each venue, often limited by banking hours on nights and weekends, when the need to move capital is greatest.
Through the integration, ParlayX clients via an EDGE Markets account will be able to transfer funds between Kalshi, ProphetX and Polymarket U.S. without leaving the platform, up to $1 million per day, instantly and at no cost, including weekends.
“Access to capital is the most common concern we hear from our clients,” said ParlayX Founder and CEO Andrew Gonzalez. “ParlayX is non-custodial by design, so capital movement was the one part of the workflow we could never solve alone. EDGE Markets handles the capital, we handle the trading, and together that covers the full operation of a trading firm. Seni and his team have been exceptional partners, and we look forward to building on this relationship.”
“Prediction market trading doesn’t stop when banks are closed, and the money behind it shouldn’t either,” said Seni Thomas, Founder and CEO of EDGE Markets. “EDGE Markets gives trading firms access to their capital the moment they need it, across venues, at any hour. Bringing that directly into ParlayX means traders never have to choose between managing their positions and managing their money.”
About EDGE Markets
EDGE Markets provides infrastructure and banking solutions that empower users with financial transparency, and support emerging verticals including cryptocurrency platforms and prediction markets. Its original product, EDGE Boost, is a purpose-built debit card account that is FDIC insured up to $250,0001.
About ParlayX
ParlayX is prediction market infrastructure built for institutions. ParlayX connects trading firms to prediction market venues through a single interface, with permissioned trading identities, capital segregated by desk or strategy, and unified position, order and risk data across every venue a firm trades. For more information, visit www.parlayx.com.
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1 Deposit accounts are held at Cross River Bank, Member FDIC, and are insured up to $250,000 per depositor. Through our relationship with IntraFi® Network Deposits℠, funds may be eligible for additional FDIC insurance coverage by being distributed across participating network banks - up to $10,000,000 in aggregate for consumer accounts enrolled in the applicable program. FDIC insurance coverage is subject to applicable terms and conditions, including account structure, account ownership categories, and regulatory requirements. The EDGE Boost Visa® Debit Card is issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc., and is not available to all residents of U.S. territories. Account limits and other applicable terms are described in our Terms of Service and Cardholder Agreement and CRB Account Agreement.
SOURCE EDGE Markets
ParlayX, the institutional trading platform for prediction markets, and EDGE Markets, a financial services company purpose-built for prediction markets, today announced a strategic partnership that integrates EDGE Markets directly into ParlayX, giving trading firms a single platform to trade and move capital across venues.
Trading firms hold capital across several prediction market exchanges, and rebalancing between them has meant leaving ParlayX to initiate manual transfers at each venue, often limited by banking hours on nights and weekends, when the need to move capital is greatest.
Through the integration, ParlayX clients via an EDGE Markets account will be able to transfer funds between Kalshi, ProphetX and Polymarket U.S. without leaving the platform, up to $1 million per day, instantly and at no cost, including weekends.
“Access to capital is the most common concern we hear from our clients,” said ParlayX Founder and CEO Andrew Gonzalez. “ParlayX is non-custodial by design, so capital movement was the one part of the workflow we could never solve alone. EDGE Markets handles the capital, we handle the trading, and together that covers the full operation of a trading firm. Seni and his team have been exceptional partners, and we look forward to building on this relationship.”
“Prediction market trading doesn’t stop when banks are closed, and the money behind it shouldn’t either,” said Seni Thomas, Founder and CEO of EDGE Markets. “EDGE Markets gives trading firms access to their capital the moment they need it, across venues, at any hour. Bringing that directly into ParlayX means traders never have to choose between managing their positions and managing their money.”
About EDGE Markets
EDGE Markets provides infrastructure and banking solutions that empower users with financial transparency, and support emerging verticals including cryptocurrency platforms and prediction markets. Its original product, EDGE Boost, is a purpose-built debit card account that is FDIC insured up to $250,0001.
About ParlayX
ParlayX is prediction market infrastructure built for institutions. ParlayX connects trading firms to prediction market venues through a single interface, with permissioned trading identities, capital segregated by desk or strategy, and unified position, order and risk data across every venue a firm trades. For more information, visit www.parlayx.com.
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1 Deposit accounts are held at Cross River Bank, Member FDIC, and are insured up to $250,000 per depositor. Through our relationship with IntraFi® Network Deposits℠, funds may be eligible for additional FDIC insurance coverage by being distributed across participating network banks - up to $10,000,000 in aggregate for consumer accounts enrolled in the applicable program. FDIC insurance coverage is subject to applicable terms and conditions, including account structure, account ownership categories, and regulatory requirements. The EDGE Boost Visa® Debit Card is issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc., and is not available to all residents of U.S. territories. Account limits and other applicable terms are described in our Terms of Service and Cardholder Agreement and CRB Account Agreement.
SOURCE EDGE Markets