EDGE Markets indicates that with fans conducting 24/7 trading, the company expects the transaction volume handled this NFL season to exceed $2 billion, which is higher than the $1.2 billion handled last season.
This milestone achievement stems from the launch of EDGE Connect. This product allows for the real-time transfer of funds from EDGE Boost to the collaborative forecasting market.
According to EDGE Markets, a surprise outcome on Sunday, injury reports, or a comeback in Monday night's matches can all change the market within seconds, and traders need to be able to access their funds immediately when such changes occur. EDGE Boost is a special-purpose debit account, and Visa is a debit card that allows users to keep their trading funds in a separate account, distinct from their regular finances. Combined with EDGE Connect, these funds can be transferred in real-time to Kalshi, Polymarket, ProphetX, and Splash Sports even when banks are closed.
EDGE Markets indicates that the football season has brought a large amount of real-time trading activity to the cardholders of EDGE Boost. In the first 44 days of the season, the company has processed over 800 million US dollars in transactions, which is nearly four times that of the same period last year.
EDGE Markets CEO and founder Seni Thomas stated: "Rugball has become a 24/7 market, yet the funds that support it have always been restricted by bank operating hours. Fans want a fast and specialized way to recharge for sports entertainment, and we have been continuously building and improving our products around the concept that 'funds should flow as quickly as the games themselves.'"
The features of EDGE Boost include:
- Real-time, 24/7/365. Traders can transfer their EDGE Boost balance to cooperative markets in real-time, even when traditional transfers are paused.
- Rewards. Cardholders can receive up to 0.5% cash back on eligible categories of purchases.
- Suitable for large-value transactions. EDGE Boost can transfer up to 5 million US dollars at a time to Kalshi, Polymarket, or ProphetX. A maximum of 50 million US dollars can be transferred per day.
- Zero fees. No charges are applied when transferring to partner markets.
- Do not use credit cards. EDGE Boost funds the account by transferring from a linked check account or savings account via ACH, by wire transfer, or by converting cryptocurrencies into US dollars through Zero Hash; credit card limits are never utilized.
- Dedicated accounts. Special-purpose debit accounts and the Visa debit card allow for the separation of transaction activities from daily finances, making it convenient for traders to view all transaction balances in one place.
EDGE Markets indicates that as the playoffs and holiday games are still to come, the peak weeks of football season transactions are yet to be reached. EDGE Boost is currently available on edgeboost.io as well as iOS and Google Play. Users can open accounts before the next game starts and fund their transactions in real-time.
About EDGE Markets
EDGE Markets is an American financial services company dedicated to enhancing users' financial transparency and supporting emerging sectors such as gambling, gaming, and casinos. Its first product, EDGE Boost, is the first responsible financial platform aimed at "smart bettors." This product is a debit card account designed exclusively for gambling purposes and offers deposit insurance of up to $10 million or more through Cross River Bank (member banks of FDIC) and participating institutions, covering FDIC and/or NCUA.
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Virtual currency services are provided by Zero Hash LLC. Zero Hash LLC holds a license for virtual currency business activities issued by the New York State Department of Financial Services. The availability of virtual currency services depends on applicable regulatory requirements, geographical restrictions, and any required approvals. Some services may not be available in all jurisdictions.
2 The deposit accounts are held by Cross River Bank (a member bank of FDIC), and each depositor is entitled to up to $250,000 in FDIC insurance coverage. Through collaboration with IntraFi ® Network Deposits ℠, the funds may be diversified across participating network banks to obtain additional FDIC insurance coverage, which, for consumer accounts enrolled in the applicable program, can total up to $10 million. The FDIC insurance coverage is subject to the applicable terms and conditions, including account structure, account ownership category, and regulatory requirements. EDGE Boost Visa ® debit cards are issued by Cross River Bank under the licenses of Visa U . S.A . Inc. These cards are not available to residents of all U.S. territories. Account limits and other applicable terms are stated in the Service Terms, Cardholder Agreement, and CRB Account Agreement.
