Edge Markets, a prediction market platform, has raised $29.2 million and plans to use the funding to develop a system called EDGE Pro. According to Techub, citing Crypto Briefing, the product is designed to automatically handle margin calls in prediction markets when they occur outside banking hours. The stated goal is to prevent liquidations tied to those off-hours margin events. The report did not disclose additional details about the financing round, including investors or valuation. It also did not provide a launch timeline for EDGE Pro. The update was published by Techub as a brief market analysis item.
Prediction market platform Edge Markets has raised $29.2 million and will use the proceeds to develop a system called EDGE Pro.
According to Crypto Briefing, as cited by Techub, EDGE Pro is intended to automatically process prediction-market margin calls that occur when banks are closed, with the aim of preventing liquidations.
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