Hong Kong-based trading platform TurboFlow has secured $6 million in seed funding as it looks to strengthen its position in the rapidly growing prediction markets and perpetual futures sector.
The funding round was led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The investment highlights growing institutional interest in event-based trading platforms as prediction markets continue to gain traction worldwide.
Pantera Capital Leads Funding Round
TurboFlow announced that the $6 million seed round was completed earlier this year through a SAFE (Simple Agreement for Future Equity) structure that also included token warrants.
While the company declined to reveal its valuation, founder Tony He confirmed that fundraising discussions began early in the year and were finalized in March.
The newly raised capital will be used to:
- Accelerate product development
- Improve liquidity infrastructure
- Expand user acquisition efforts
- Strengthen risk management systems
- Support regional expansion across Asia-Pacific markets
The funding arrives at a time when investor interest in blockchain-based financial products is growing rapidly.
Building the “Kalshi of Asia”
Tony He, who previously served as a co-founder and partner at Amber Group, described TurboFlow’s vision as becoming the “Kalshi of APAC.”
Kalshi has emerged as one of the most successful prediction market platforms in the United States, allowing users to trade contracts based on the outcomes of real-world events.
According to He, Asia remains significantly underserved despite increasing demand for event-based trading products.
He believes there is a substantial opportunity to bridge the gap between Asian traders and institutional-grade liquidity solutions.
“We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we’re striving to become that bridge,” He said.
Prediction Markets Continue Growing
TurboFlow’s fundraising reflects a broader trend within the financial industry.
Prediction markets have experienced significant growth over the past two years as traders increasingly use market-based contracts to speculate on future events, economic outcomes, elections, sports, and financial markets.
The company cited industry data showing:
- Crypto perpetual futures volume increased from $4.14 trillion to $7.24 trillion year-over-year by January 2026.
- Prediction market volume reached $64 billion during 2025.
- Analysts expect prediction market volume to exceed $325 billion in 2026.
- Long-term projections suggest the market could surpass $1.1 trillion by 2030.
These figures highlight the rapid expansion of a sector that was once considered a niche corner of the cryptocurrency industry.
Institutional Interest Accelerates
The prediction market sector has also attracted growing attention from institutional investors and traditional financial firms.
Recently, prediction market platform Kalshi reported an annualized revenue run rate exceeding $2 billion and raised $1 billion in Series F funding at a reported valuation of $22 billion.
Traditional financial institutions are also exploring similar products.
Charles Schwab recently partnered with Cboe Global Markets to introduce event-based contracts tied to the performance of the S&P 500, bringing prediction-style trading into mainstream financial markets.
This growing institutional adoption is helping legitimize prediction markets as a new category of financial instruments.
TurboFlow Reports Strong Early Growth
TurboFlow says its beta platform has been operating for more than six months and has already gained significant traction among users.
According to the company:
- More than 15,000 users have registered on the platform.
- Trading volume has exceeded $19 billion during the beta phase.
- Users can enter positions with as little as $2.
- The platform combines prediction markets and perpetual futures within a single trading environment.
The company refers to its offering as “high-velocity event trading,” allowing traders to speculate on both market movements and real-world outcomes through an accessible interface.
Focus on Liquidity and Risk Management
One of TurboFlow’s key selling points is its emphasis on institutional-grade infrastructure.
The company says it provides:
- Deep liquidity
- Competitive pricing
- Advanced risk management systems
- Consumer-friendly user experience
These features are designed to make sophisticated trading products more accessible to retail participants while maintaining the performance standards expected by professional traders.
TurboFlow also plans to open parts of its liquidity and risk management infrastructure to external developers, potentially creating a broader ecosystem around its platform.
Expansion Plans Across Asia-Pacific
The company currently employs more than 30 people, with the majority of its core team based in Hong Kong.
Rather than pursuing rapid expansion through large staffing increases, TurboFlow plans to remain relatively lean while focusing on strategic partnerships and market development.
The company is actively evaluating regulatory requirements across multiple Asia-Pacific jurisdictions and intends to pursue a compliant, country-by-country expansion strategy.
As regulatory frameworks for prediction markets continue evolving throughout the region, TurboFlow aims to establish itself as one of the leading platforms serving Asian traders.
Looking Ahead
TurboFlow’s successful $6 million funding round demonstrates growing investor confidence in the future of prediction markets and decentralized trading platforms.
With backing from major crypto investment firms including Pantera Capital, Susquehanna Crypto, and Digital Currency Group, the company is well-positioned to expand its presence across Asia.
As prediction markets continue moving into the financial mainstream and institutional participation increases, platforms like TurboFlow could play a significant role in shaping the next generation of on-chain trading experiences.
The combination of strong early user growth, rising trading volumes, and increasing market demand suggests that the prediction market sector may still be in the early stages of a much larger expansion cycle.
