TurboFlow closed the round in March 2026 and publicly announced it in June 2026, with Pantera Capital leading and Susquehanna Crypto and Digital Currency Group joining as co-investors. The deal was structured as a SAFE with token warrants, signaling a token launch is planned. The company was founded by Tony He, a former co-founder and partner at Amber Group, the Hong Kong crypto market-making firm that reached unicorn status in 2021 before facing significant headwinds following the FTX collapse in late 2022, with the worst effects hitting the firm in early 2023. Amber Group's successor entity, Amber International, completed a strategic merger restructuring in March 2025.

The platform combines prediction markets and perpetual futures (leveraged contracts that track an asset's price without expiring) into a single product. Prediction markets are currently its fastest-growing segment, with a minimum entry size of $2, a deliberate design choice for markets where average trading capital is lower. TurboFlow says it has processed over $19 billion in trading volume during a beta period spanning more than six months, with more than 15,000 registered users. Those figures come from the company itself and have not been independently verified against on-chain data sources at time of publication.

Entering a Sector Dominated by Two Platforms

The global prediction market sector has grown roughly 13 times over in the past year. Monthly trading volume climbed from approximately $2 billion in March 2025 to $25.7 billion in March 2026, according to TRM Labs. Kalshi and Polymarket together controlled 97.5% of market share in 2025, per KuCoin research, with combined monthly volumes of around $25 billion as of May 2026. Both platforms have recently expanded into perpetual futures: Polymarket launched its perps product in April 2026 and Kalshi announced its own in May 2026, placing them in direct competition with TurboFlow's offering before TurboFlow has even exited beta.

TurboFlow's pitch, based on the company's own framing, rests on a regional gap rather than a product gap. "We see a large unfilled gap between Asian users and proper institutional-grade liquidity," founder Tony He said in a statement reported by The Block. The company describes itself as the "Kalshi of APAC," a reference to the US-based platform that has become a benchmark for regulated prediction market infrastructure.

The Regulatory Problem TurboFlow Is Betting It Can Solve

The regulatory environment for prediction markets across Asia was getting noticeably worse around the time TurboFlow's funding was announced. India classified prediction markets as prohibited online money gaming under the Promotion and Regulation of Online Gaming Act 2025, effective May 1, 2026, then blocked Polymarket specifically on May 21, 2026. Indonesia's Ministry of Communication and Digital Affairs blocked Polymarket on May 25, 2026. Alexander Sabar, Director General of Digital Space Supervision at the Indonesian Ministry of Communication and Digital Affairs, was direct about the government's position: "Platforms that allow users to wager money on uncertain outcomes remain gambling products, even when they use blockchain technology or crypto assets." Singapore, Thailand, Taiwan, Japan, and China have each imposed blocks or restrictions on one or both major platforms, per CCN and CoinDesk.

The tension is real. KuCoin data shows that approximately 45% of Polymarket's user base comes from Southeast Asia, primarily Vietnam and the Philippines, meaning the regions facing the sharpest regulatory pressure also represent the platform's largest audience. TurboFlow says it intends to pursue a market-by-market compliance strategy, according to The Block, though the company has not publicly disclosed which jurisdictions it is actively seeking licenses in.

Founder Background and Investor Signals

His previous venture, Amber Group, was co-founded in 2018 by five former Morgan Stanley fixed-income traders and grew into one of Asia's larger crypto market-making operations. The company raised $100 million from DCM Ventures and Tiger Global at a $1 billion valuation in 2021. Its successor entity, Amber International, reported a 9% revenue decline to $32.8 million in 2024. His move from institutional market-making into consumer-facing prediction infrastructure reflects, broadly, where liquidity infrastructure and retail participation in digital assets appear to be converging.

The co-investor roster adds structural weight to TurboFlow's early positioning. Susquehanna International Group is one of the world's largest options market makers, and its crypto arm's participation suggests TurboFlow may have access to professional liquidity provisioning from day one. Thin order books are a common failure point for early-stage prediction market platforms, and Susquehanna's involvement may address that structural weakness. Pantera Capital manages over $700 million across venture and crypto funds, according to Pantera Capital, and has been expanding its APAC-focused operations through 2026.

What Comes Next

TurboFlow has not publicly announced a launch date or disclosed target jurisdictions for regulatory licensing. The SAFE with token warrant structure means there is currently no token to track on-chain, but that structure strongly signals a token launch is in the pipeline. Developers and traders should watch for tokenomics disclosures alongside any licensing announcements in Hong Kong or other APAC jurisdictions.

It is worth noting that a parallel demand gap is taking shape in African markets. Nigeria and Kenya have developed distinct regulatory frameworks around crypto, Luno has launched in Nigeria, and crypto adoption across the continent has grown roughly 52% in recent periods. No APAC-focused platform, including TurboFlow, is currently addressing that market.

If the platform launches with institutional-grade liquidity and any form of regional compliance cover, it enters a market where its two largest competitors are simultaneously expanding their product lines and losing users to government blocks across the very region TurboFlow is targeting.