ProphetX States

ProphetX is available in 49 states, with Nevada being the only exception.

Sports event contracts remain the subject of ongoing legal disputes between federal regulators and some state gaming authorities, so ProphetX’s availability could change.

ProphetX Overview

ProphetX prediction markets occur between users who have taken opposite positions.

For example, if you predict that the Cowboys will beat the Titans, someone else has backed the opposite outcome.

Fans can treat ProphetX like a conventional sportsbook or take matters into their own hands and become the oddsmaker by setting their own prices.

Users can request any price they want, but their trades only go through if someone else wants to take the opposite side of the wager at that price.

Set the odds too much in your favor, and your contracts will likely go unmatched. But set the odds too far in the other direction, and you’ll be giving up value to other users.

ProphetX Promo Code

ProphetX Bonus

ProphetX welcomes new users with a $20 bonus. To claim the offer, sign up for an account with the promo code BETTINGUSA and complete $10 worth of trades. In return, you’ll receive a $20 bonus credit within 24 hours of completing your qualifying trade.

ProphetX Referral Program

Existing ProphetX users can refer friends for account credit. Each person you refer will receive a $25 credit, and you’ll receive a $25 credit for your first qualifying referral. Each additional qualifying referral after your first one pays $5 more, up to a maximum of $50 per referral.

Your referrals qualify by opening new accounts, depositing at least $50 within 30 days, and placing at least one trade with a total value of $50 or more.

Referral credits become withdrawable only after you use them to place a trade and the position settles. Unused referral credits expire after 45 days.

ProphetX Referral Code: BETTINGUSA

How ProphetX Works

ProphetX offers moneylines, spreads, totals, and futures much like a sportsbook. However, ProphetX is unlike a typical sportsbook in two key aspects:

ProphetX Fees

ProphetX charges a 2% fee on net gains for straight trades and no fee on parlays. Because they apply to net winnings only, ProphetX’s fees generally come in lower than the vig built into sportsbook odds.

ProphetX Parlays

ProphetX supports parlays and same-game parlays (SGPs). A parlay combines two or more selections, and every leg must win for the parlay to pay. You’ll see an “SGP” designation if two or more selections within a single event are eligible for combining into a same-game parlay.

The main thing to keep in mind with parlays on ProphetX is that they rely on liquidity. Every position you take, including parlays, must have someone willing to take the opposite side. If liquidity is limited, ProphetX may decline a parlay or reduce the size of your stake.

ProphetX Sports Covered

ProphetX focuses on the major US and international sports. Unlike some prediction market apps, ProphetX does not yet offer political markets, crypto predictions, and so on.

As such, ProphetX is best suited for the major US professional and college sports leagues. ProphetX consistently covers the following sports and leagues:

• MLB
• MLS
• NHL
• NBA
• NFL
• NCAA Football
• NCAA Basketball
• UFC
• WNBA
• PGA
• Tennis (ATP and WTA)
• DP World Tour
• International Soccer (English Premier League, French Ligue 1, Spanish La Liga, German Bundesliga, Italian Serie A, UEFA Champions League, UEFA Europa League, and the World Cup)

Available prediction types include outright game winners (moneylines and point spreads), totals, player props, futures, and live trading (the equivalent of in-play betting at a traditional sportsbook).

How to Trade on ProphetX

Getting started takes four steps:

• Visit prophetx.co and sign up for an account
• Deposit funds via bank transfer, crypto, or another one of ProphetX’s supported methods
• Browse open markets and select a contract
• Enter an amount and place a market order, or set your own price with a limit order

Both order types can fill partially. For example, if a market has $100 available and you place a $200 order, $100 fills immediately, and the remaining $100 stays open for other users to match.

ProphetX App Review

The ProphetX app (iOS and Android) combines the styling and familiar elements of an online sportsbook with the functionality of a prediction market.

As a result, the ProphetX app feels easy to get started with if you’re familiar with online sportsbooks. And if you’re not, it’s still relatively straightforward because you pick your prediction (which team will win, for example), input an amount to trade, and you see how much you stand to win upfront.

Unlike some sports-focused prediction market apps, the ProphetX app provides detailed market information for those who want it. ProphetX doesn’t show full order book depth, but the main trading screen does show live liquidity numbers three levels deep on every market, which helps when planning (and executing) trades.

ProphetX Payment Methods

ProphetX accepts three deposit methods:

Method	Minimum Deposit	Processing Time
Online banking (via Aeropay)	$10	Instant
Cryptocurrency (via Zerohash)	$10 equivalent	Instant
Wire Transfer	$1,000	Up to 72 hours

For withdrawals, ProphetX offers Aeropay online banking, paper checks by mail, and wire transfers for amounts of $5,000 or more. Most withdrawals are processed within 24 hours, although some methods take up to 5 business days. Note: Aeropay supports instant withdrawals at some banks.

Accounts must use a financial instrument in the account holder’s own name. ProphetX does not permit business accounts or third-party funding.

Responsible Trading at ProphetX

ProphetX provides responsible trading tools to help users manage risk and avoid spending more than intended.

Traders can use multiple tools (all integrated into the app) to control their spending, know when to take breaks, and get help if necessary:

• Deposit limits
• Trading breaks
• Self-exclusion
• Account closure
• Account statements
• Marketing opt-out

ProphetX also provides responsible trading guidance and makes Birches Health resources available to anyone who needs confidential problem trading support.

Prophet Exchange FAQ

Final Thoughts: Is ProphetX Legit?

ProphetX is a legitimate sports predictions app with a verifiable track record.

Most importantly, ProphetX is a federally regulated sports prediction market with a long operating history. The company launched as Prophet Exchange in 2018, held a New Jersey sportsbook license, ran a sweepstakes platform, and now operates as a CFTC-regulated exchange available in 49 states.

ProphetX competes on price rather than breadth. Traders who care about getting the best odds and paying lower fees than sportsbooks charge will find the exchange model appealing, especially with no limits on winning accounts. The peer-to-peer structure also lets users set their own prices and build parlays at no extra fee.

The question fans should ask themselves is whether ProphetX fits their needs. Fans who prioritize getting the best odds possible and minimizing the house commission should consider signing up for a ProphetX sports trading account.

If you’re more interested in political markets, predicting crypto price movements, and other non-sports events, you’ll want to look for a different prediction markets app like Kalshi or Polymarket.