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ProphetX Promo Code PRED for $75 Trading Bonus - October 2026

The ProphetX promo code PRED gets new users $75 in trading credits when they make $50 of qualifying trades. I particularly like ProphetX for its sports focus, 0% fees on combos, and RFQ parlay pricing. Below, I’ll explain exactly how the offer works, what you can trade, and what ProphetX is like to use.

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ProphetX welcome bonus

$75 Trading Bonus

Use our ProphetX promo code PRED and trade $50 to receive $75 in trading credits as an eligible new user.

4.8★★★★★
Promo codePRED
Claim $75 at ProphetX
✓ Last verified Sep 30, 2026

Restrictions and eligibility requirements apply. The offer is available to new users only, subject to the terms and conditions specified by ProphetX. 18+ only.

ProphetX sign up bonus summary

ProphetX welcome bonusTrade $50, get $75
ProphetX promo codePRED
How to qualifyTrade $50
Offer expiryDec 31, 2026
Legal age18+
Last verifiedSep 30, 2026
ProphetX terms and conditionsPromo is eligible for new users aged 18+
ProphetX legal statesAvailable nationwide, except Nevada

How does the ProphetX promo code work?

The ProphetX sign-up bonus gives you $75 in promo funds after you commit at least $50 in trades. Simply enter the PRED promo code during registration to take advantage of the offer.

Bear in mind that the $50 is a trade requirement, so you can’t just deposit $50 to claim it. You can reach $50 through one or more trades, but any contract executed above 80¢ is excluded. Once you qualify, ProphetX issues $25 on Day 1, another $25 on Day 7, and the final $25 on Day 14, as long as you meet the bonus conditions.

How I used the ProphetX bonus

Rather than throwing the whole $50 at one heavy favorite, I prefer spreading it across short-term sports markets where I confidently understand the matchup.

With ProphetX, that approach also makes sense because contracts above 80¢ don’t count towards the bonus. I’d focus on two or three NFL, college football or MLB positions below that amount. Once the first $25 credit lands, I’d use that within a week so I don’t lose eligibility for the next installment.

That last point is very important. Under the promo’s terms, leaving your first $25 untouched can forfeit both the second and third installments.

ProphetX promo code terms and conditions

The ProphetX promotion is a great initial boost, but it isn’t simply $75 in withdrawable cash. I’d pay attention to how the three installments work.

  • New participants over 18: You must be a new user signing up to ProphetX, over the age of 18.
  • Account approval required: Your account must be approved before you can qualify.
  • $50 qualifying volume: You must use at least $50 from your account to open one or more positions within 30 days of your account being approved.
  • Opening trades only: Closing or offsetting trades do not count towards the initial $50 qualification.
  • 80¢ maximum: Trades executed above $0.80 are excluded from both the qualification requirement and bonus-use condition.
  • Three installments: ProphetX credits $25 on Day 1, Day 7, and Day 14 following qualification.
  • Use the earlier credit: To receive the Day 7 installment, you need to have fully used the first $25. To receive the Day 14 installment, you must have used both $25 credits.
  • 45-day expiry: Each individual $25 credit expires 45 days after it is issued if unused.
  • One bonus per participant: You can only receive this new-user promotion once.
  • Program end: The current program ends on December 31, 2026, or when 50,000 participants qualify, whichever comes first, unless ProphetX changes or extends it.
  • Bonus availability: You can claim the bonus nationwide except in the state of Nevada.

How the ProphetX sign up bonus compares to other prediction apps

ProphetX has one of the strongest bonuses around when compared with similar prediction market apps. Here’s how the leading platforms’ headline deals stack up for value and qualifying requirements.

FeatureProphetXKalshiPolymarketNovigUnderdogGemini Predictions
Sign-up bonusTrade $50, get $75 bonusTrade $25, get $35 bonusDeposit $10, get $50 bonusDeposit $10, get $25 in trade credits50% deposit match up to $1,00050% trade match up to $100
Promo codePREDPRED35PREDPREDMATCHAutomatically applied
Bonus typeTrade and getTrade and getDeposit and getDeposit and getDeposit matchTrade and get
Payout speedWithin 24 hoursWithin 24 hoursWithin 24 hoursWithin 24 hoursWithin 24 hoursWithin 24 hours
Minimum deposit$10$10$10$10$10$5
How to qualify
  • Sign up with PRED
  • Complete $50+ in qualifying trading volume
  • Sign up with PRED35
  • Verify your account
  • Deposit $10+
  • Complete $25 in qualifying trades
  • Sign up with PRED
  • Verify your account
  • Make a $10+ first deposit
  • Sign up with PRED
  • Create and verify a new account
  • Deposit $10+
  • Sign up with Underdog
  • Make a first deposit of $10+
  • Match equals 50% of the deposit, up to $1,000
  • Sign up for an account
  • Make a qualifying trade of $50+
  • Trade $500+ total to unlock the full $100 match
Key terms
  • New users only
  • $75 is paid as three $25 credits over 14 days
  • Trades above 80% probability don't qualify
  • Each credit expires after 45 days
  • 18+
  • New users only
  • $35 credit must be used for trading
  • Expires seven days after being issued
  • 18+
  • New users only
  • $50 trading bonus follows a qualifying $10 deposit
  • Availability restrictions apply
  • 21+
  • New members only
  • $25 comes as five $5 trade credits
  • Credits expire after 30 days and are non-withdrawable
  • Proceeds can be withdrawn after settlement
  • New users only
  • Maximum $1,000 bonus requires a $2,000 deposit
  • Deposit + bonus carries a 1x playthrough requirement within 14 days
  • Eligibility and permitted use of bonus funds vary by offer and product
  • New users only
  • 18+
  • Offer must be traded before withdrawal
  • Offer runs through the NFL season

How do you claim the ProphetX promo code?

Claiming the ProphetX promo is quite straightforward, and you can take advantage of the bonus yourself by following these simple steps.

  1. Sign up and verify your account
    Start from the ProphetX sign-up page and create a new account using your personal details. You’ll be asked for information including your full legal name, date of birth and address, and to accept ProphetX’s terms and conditions. Be sure to enter the PRED code during sign-up. You may also be asked to complete additional ID verification, including providing your Social Security number and a valid driver’s license or passport.
  2. Make a deposit
    Deposits can be made for less than $50, but remember that the promo itself asks for $50 of qualifying opening trades. I’d suggest funding the account with enough cash to hit that requirement without relying on a single contract. You can choose from bank transfer, wire transfer, debit cards, Apple Pay, Google Pay and even crypto payment methods to make your deposits.
  3. Complete $50 in qualifying trades
    You have 30 days from getting your account approved to trade $50. This doesn’t need to be one single trade. You could put $20 into one NFL market, $15 into an MLB game, and another $15 into a college-football contract. What you cannot do is qualify using an opening trade priced above 80¢.
  4. Credits arrive in installments
    Your first $25 arrives on the first day after qualifying. Use the full $25 on new qualifying positions within a week if you want the second installment. The same applies for the third installment.
  5. Withdraw eligible funds
    Promo credit cannot be withdrawn immediately. You’ll need to use them on trades and once positions settle, head over to the withdrawal section of the cashier. You can withdraw using bank transfer, wire transfer, or paper check. I recommend going for a bank transfer which is the fastest method and will have your funds processed within three business days.

What is ProphetX?

ProphetX is a federally regulated sports prediction market exchange where users trade event contracts linked to real-world sporting outcomes.

Instead of ProphetX setting a traditional sportsbook line and taking the opposite side, orders are matched between market participants. It’s a peer-to-peer system where prices move according to demand. You can accept the current market price or set your own price and wait for another trader to match it.

ProphetX is much more sports-specific than other prediction markets like Polymarket or Kalshi. The current exchange offers NFL, MLB, NBA, NHL, college sports, soccer, tennis, golf, UFC, and other sports, with little to offer in politics, economics, or entertainment.

The scale of these sports trades is huge. ProphetX currently has around 2.4 million live markets and an average match time of 0.4 seconds across its platform.

Is ProphetX legit?

Yes. ProphetX operates within the federal commodities framework rather than as a state-licensed sportsbook. The CFTC registered ProphetX LLC as a Derivatives Clearing Organization (DCO) and designated it as a Designated Contract Market (DCM) in June 2026, allowing it to clear fully collateralized products.

Participant funds are held separately from the company's operating capital in segregated accounts at U.S.-based chartered commercial banks. The site is very transparent around its trading structure. Rather than simply trusting a brand statement about how pricing works, here I can see the order book, the available size at different prices, and the CFTC records behind the exchange.

My expert take

ProphetX feels much closer to a transparent sports-trading venue than a conventional sportsbook. The CFTC registrations, segregated-funds framework, and peer-to-peer structure are the main things that give me confidence. With this level of transparency, I can see the clear specifics of how contracts are priced and resolved.

Where is ProphetX available?

ProphetX’s regulated prediction market is available nationwide, except for Nevada. But there is an important regulatory issue to note here. Connecticut issued ProphetX and several other prediction-market companies cease-and-desist orders in September 2026, and ProphetX has reportedly been in discussions with state officials. The site remains currently available in states like Connecticut too, but these state-level disputes are still worth monitoring.

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49 states + DC eligible1 restricted: NVOffer verified Sep 30, 2026

ProphetX promos for existing users

The $75 offer is aimed at new users, but high-volume ProphetX traders can also benefit from the Maker Rebates Program. This is very different from a deposit bonus. It rewards you for adding liquidity to ProphetX rather than simply funding your account.

Maker volume is based on the size and consistency of your orders, as well as parlay quotes supplied through RFQ that are accepted. ProphetX calculates your level each calendar month using marginal tiers. This kicks off once you have a monthly maker volume of over $50,000, starting with a marginal rebate of 20%, which can increase up to 80% if that volume exceeds $7.5 million.

This is clearly aimed more at VIP-level trading rather than casual users looking for prediction market promos. Still, I like that the structure rewards users who improve the actual order book rather than simply encouraging more deposits.

ProphetX referral code vs the ProphetX promo code

The ProphetX referral code and the PRED welcome promotion are two completely separate offers. PRED is the Prediction Hunt promotion for new users, while a ProphetX referral link comes from an existing user's own account and has its own reward structure.

FeatureProphetX promo codeProphetX referral code
Bonus amount$75 trading credit$25 for each referred user
Total offer value$75Increases with $5 on each new referral, capping at $50
Sign up methodRegister through the Prediction Hunt offer with PRED codeRegister through an existing user's unique invite
Code locationPRED code is shown on this pageFound in the existing user's ProphetX account
When to useDuring the registration processDuring the registration process
How to qualifyComplete $50 of eligible opening trades within 30 daysNew user must use a referral code or link, be approved, deposit over $50, and make over $50 in qualifying trades
Claim limitOnce per eligible new participantCan be claimed several times over with a $50 cap on any single referral
Expiration periodEach $25 installment expires after 45 days45 day expiry period

How to refer your friends to ProphetX

You get incentivized to refer people to ProphetX, getting a $25 bonus for each new person you bring in. That figure increases by $5 with each new referral, capping at $50. Keep in mind that this is a separate promo to PRED, and the two cannot be used together. Take a look at how the system works below.

  1. Log in and find your referral link
    Once you have an account, head to the referral area and find your personal invite link.
  2. Share the invite
    Copy the link and send it to the person you want to refer.
  3. Your friend signs up to ProphetX
    They need to open and verify a new ProphetX account through that invitation instead of simply registering directly. Their account must be verified through the KYC system.
  4. They then make a deposit
    Your friend must deposit funds and make over $50 in qualifying trades.
  5. Bonus funds paid
    Once these conditions are met, the bonus is released and automatically added to your account.

ProphetX app review

ProphetX overview

From the get-go, ProphetX managed to stand out for me because unlike other prediction apps out there, it doesn't try to be everything at once.

The app is firmly centered around sports, with an emphasis on depth, rather than spreading out to try and reach all the different prediction niches out there. I instantly felt like I was using a specialized system, with way more trades available for some of my favourite sports, be it NFL, MLB, or NBA. At this point I also have to mention the great combo system. I could easily build a 2–12-leg combination and request a market price with no trading fee on combo gains.

The interface is simple, slick, and friendly. Within a few minutes of using the app, I had already familiarized myself with all the key areas, finding the exact trades I was interested in. The system gives you a clear view of all the trades associated with an event, and the ability to request my own price makes ProphetX feel far more like a market than a sportsbook.

I’d easily recommend ProphetX to anyone specifically interested in sports prediction markets. Sure, you won’t get the wide range of predictions on entertainment and politics that other apps might offer, but you’re treated to a far more curated system that is focused, deep, and detailed.

Our rating4.8/5
Markets and liquidity4.8/5
User experience4.7/5
Pricing and fees5/5
Banking and payout speed4.5/5
Bonuses and promotions4.8/5
Security and trust4.8/5
Customer support4.7/5

What ProphetX users say

ProphetX is very highly rated on both major mobile stores. Users seem to praise the app’s great prices and the freedom to request better odds. The iOS app has a 4.8 rating from around 3,400 ratings, while Google Play has a 4.3 rating from more than 700 reviews.

“I’ve been using this app for a while, and it’s truly a game-changer in the world of sports betting. The biggest draw for me is the ability to get the best prices available. The freedom to request better odds or propose my own is a feature I haven’t seen elsewhere, and it makes the experience so much more exciting and rewarding.”

App Store review

“Using ProphetX for a few weeks now and really like it! I’ve been sports betting for about 2 years, but this is my first experience with an exchange. The interface is great and now that I’m used to it it's pretty straight forward. I love the fact that I don't have to worry about being limited just because I do +EV betting. Have not gotten into Arb yet, but when I do this book will be great for that!”

App Store review

ProphetX’s key features

ProphetX welcome bonusTrade $50, get $75
ProphetX promo codePRED
Best forSports-focused prediction trading, order-book pricing and combos
Key markets offeredNFL, MLB, NBA, NHL, college football, college basketball, soccer, tennis, golf, UFC
Payout speed1-5 days depending on withdrawal method
Trading fees2% on net gains from straight trades
Minimum deposit$10
App Store rating4.8/5 from approx. 3,400+ ratings
Play Store rating4.3/5 from approx. 720+ reviews
ProphetX legal statesNationwide except Nevada

ProphetX pros and cons

User experience on the ProphetX app

ProphetX changed substantially in September with the launch of the revamped ProphetX 2.0. The biggest upgrade for me is the visible order book. Rather than just seeing one headline price, I can see what the market is offering and how much size sits behind individual levels. That's especially useful when I want to trade larger amounts, since a good price isn't very useful if there isn't enough liquidity available at it.

Despite the big changes to the system, the interface remains very straightforward. I can easily choose a sport, find an event, open the market, and either trade at the market or request my own price. This smooth navigation applies across all features, including live trading and player props, as well as a newly added parlay mode.

Mobile scores are strong. The iOS app currently has a 4.8/5 rating from roughly 3,400 users and is a relatively light 77.7 MB download. On the other hand, Android sits around 4.3/5 from more than 700 reviews. The app’s security has a fairly strong authentication system, with two-factor authentication included in the login system.

I firmly believe that the new design is a step up from the previous system. But it may take some getting used to, especially with all of the additional information that has now been included for events and trades.

Markets and liquidity

Markets are ProphetX's biggest strength, as long as you’re looking for sports-related trades. There’s a wealth of markets available, and as of September 25, the site boasts around 2.4 million markets live, spread across categories including:

  • Football: NFL and college football markets covering game winners, spreads, totals, player props, and season-long futures. Over 70,000 NFL and 44,000 college football markets live as of Sept. 25.
  • Basketball: NBA and college basketball moneylines, spreads, and totals, including player props. There are more than 385,000 NBA and 127,000 college basketball markets currently trading.
  • Baseball: MLB game winners, run lines, totals, and player props, with over 718,000 markets live, making it ProphetX's largest sport by market count.
  • Hockey: NHL moneylines, puck lines, and totals, with 99,000+ markets currently live.
  • Soccer: Major leagues and tournaments worldwide, covering match winners, totals, and spreads, with 57,000+ markets currently live.
  • Tennis: ATP and WTA tour events, covering match winners, spreads, and totals, with 52,000+ markets currently live.
  • Golf: PGA Tour events, covering tournament and matchup outcomes, with 42,000+ markets currently live.
  • Combat sports: UFC and MMA fights, covering fight winners and method of victory, with 7,000+ markets currently live.

ProphetX’s sports focus translates into deeper individual events. For an NFL game, I can move beyond the outright winner into spread, total, and player markets. MLB gives me game winners, run lines, totals, and props. College football similarly offers much more than simply choosing which team wins.

Most of the activity centers around the biggest sports markets. By September 7, ProphetX recorded around $45 million in trading volume, up 18.4% from the previous week. Sports accounted for roughly $40 million of that total, while combos contributed another $5 million. As expected, activity increased once the NFL season began. ProphetX recorded its first $10 million trading day on September 12, then topped $10 million on consecutive days during the opening NFL weekend. By September 14, NFL and college-football markets generated around $23.8 million in non-combo volume.

That said, ProphetX is still much smaller overall than its biggest competitors. During Sept. 1-7, when ProphetX traded $45 million, Kalshi recorded around $11.8 billion, while Polymarket US generated approximately $1.1 billion. The comparison needs context, though. Kalshi and Polymarket spread their activity across sports, politics, economics, crypto, and other markets. ProphetX is almost entirely sports-focused, so I find it more useful to look at liquidity in the specific game I want to trade.

Liquidity can still vary sharply. One recent four-leg ProphetX parlay was quoted at 12.17¢ with only $60 available at that price. This is why I always compare odds on prediction sites to make a more informed decision before trading.

Compared with Kalshi and Polymarket, ProphetX has far less overall liquidity but a much tighter sports focus. Its NFL, MLB, and college-football markets are already generating meaningful activity, while the visible order book makes it easy to see whether a specific market has enough depth before I commit.

You can also use our smart money tracker and prediction market picks as additional information sources. I wouldn't treat either one as a reason to blindly copy a position, but they can help narrow down a huge market board to trades worth investigating.

Pricing and fees

ProphetX's pricing is very different from that of a traditional sportsbook. The exchange doesn't simply decide what the odds are and then build a house margin into them. Participants submit orders, and it is supply and demand that determine where trades match.

If a contract is available around 60¢, that's the current market price rather than a sportsbook publishing a fixed -150 line. For straight markets, ProphetX charges a 2% trading fee on net gains per market. If I finish a market with $100 in net gains, a 2% fee would represent $2. I do suggest using a fee calculator when putting together your trades, so you're comparing your net price rather than only the headline contract value.

The great news here is that combos have a 0% fee on net gains. So, you pay absolutely no commission on these trades.

For the higher-volume users among you, the maker rebates program can reduce the effective cost of adding liquidity, with marginal rebates scaling from 20% after $50,000 in monthly maker volume up to 80% above $7.5 million.

Banking and payout speed

ProphetX's banking setup has been given a refresh in September. Originally, its core options were online banking through Aeropay, crypto funding through ZeroHash, and wire transfers. But the September updates have added new payment methods, including debit cards, Google Pay, and Apple Pay.

You won’t get charged any processing fees from ProphetX’s end, but there may be fees associated with the payment method you choose. Take a look at this table for a full breakdown of all the available banking options on the site.

Payment methodDepositWithdrawalFeeProcessing speed
Online bankingYesYesNo processing feesInstant deposits / withdrawals between 1-3 days
CryptoYesNoNo processing feesInstant deposits
Wire transferYesYesNo processing feesInstant deposits / withdrawals up to 72 hours
Paper checkNoYesNo processing feesWithdrawals in 7-14 days
Debit cardYesNoNo processing feesInstant deposits
Apple PayYesNoNo processing feesInstant deposits
Google PayYesNoNo processing feesInstant deposits

Customer support

If you run into any issues or need to ask any questions, you can refer to the ProphetX help center. Here you get access to an FAQ section, complete with a search function, as well as the option to get in touch through email or live chat. The live chat is available from 8 AM to 8 PM EST, and I found the response time very efficient, with a rep getting in touch with me in under 3 minutes.

Here is a full breakdown of all the available support options:

  • Live chat: Available for 12 hours daily
  • Email: [email protected]
  • Phone: 570-707-7912
  • Help center: Offering frequently asked questions and information on payment methods, trades, cash outs, and more

ProphetX vs. traditional sportsbooks

ProphetX can look a lot like a sportsbook when you're choosing between two NFL teams, but the difference between prediction markets and sportsbooks is pretty significant.

Peer-to-peer price vs bookmaker odds

A sportsbook publishes odds and includes its margin in the market. ProphetX uses an exchange-style order book where other participants submit prices. If I don't like the current offer, I can set my own and wait for someone to match it.

Tradable position vs locked wager

A conventional sportsbook ticket stays open until the event settles, unless the operator offers a cash-out option. On ProphetX, I can manage a position and trade as prices change, which is part of the basic market structure.

Visible liquidity vs one headline line

ProphetX's order book shows me the different sizes of trades that are available at different levels. On the other hand, a sportsbook generally shows one price and tells me how much I'm allowed to wager.

Federal vs state regulation

Traditional sportsbooks operate through individual state gaming regulators. ProphetX is instead a CFTC-designated contract market and registered derivatives clearing organization.

Alternatives to ProphetX

ProphetX is one of my preferred options if I'm specifically looking for sports markets, but it isn't automatically the right platform for every type of prediction trading.

Kalshi
Sign-up bonus
Get $35 Trading Bonus

Kalshi is a stronger alternative if you want a broader event catalogue. Alongside sports, it offers markets linked to economics, politics, and other real-world events.

CodePRED35
Read full review
Polymarket
Sign-up bonus
Deposit $10, get $50

Polymarket gives you similar variety and is particularly strong on politics, including the 2026 midterm elections odds, breaking news, and cultural markets. If I wanted to move from an NFL game into a congressional or economic event, ProphetX would be much more restrictive.

CodePRED
Read full review
Novig
Sign-up bonus
Deposit $10, get $25

Novig is a more natural ProphetX comparison because it similarly has a strong focus on sports. However, I would still compare individual game prices before deciding which exchange to use.

CodePRED
Read full review

You’ll also find other prediction market sites like Underdog, Gemini Predictions, and Crypto.com.

The main reason I still come back to ProphetX is its combination of sports depth, visible order-book pricing, and RFQ combos. But its biggest limitation is that if it isn't a sport, you probably need another platform.

Responsible trading on ProphetX

ProphetX has a great set of built-in risk controls that make it easy to manage your trades. You can set a daily deposit limit, take a trading break for a chosen period, use temporary or permanent self-exclusion, or permanently close the account.

I like to use these tools in tandem with my own budgeting system. Always be sure to set a budget before you start trading and be sure to stick to that no matter what. This should be reflected in the deposits that you make. If you decide that today you will trade $50, then only deposit that amount and not a cent more.

I also try to stick to sports and markets I genuinely understand rather than chasing something simply because the price has moved quickly. Remember that an event contract can lose its entire value, so always approach these trades cautiously.

Latest ProphetX updates

  • September 17, 2026Expanded payment methods: ProphetX added debit card and Apple Pay as funding options, shortly after the ProphetX 2.0 redesign rolled out. This builds on existing methods like ACH transfers and crypto/stablecoin funding via ZeroHash.
  • September 14, 2026ParlayX partnership: ProphetX partnered with ParlayX to make its event-contract markets available to institutional trading teams through ParlayX's infrastructure, including shared permissions, streaming positions and multi-venue risk management.
  • September 10, 2026Partnership with Agg Market: ProphetX announced an integration with Agg Market that makes its full event-contract catalogue available through a Solana-based interface. ProphetX said the integration offered 100% market coverage from launch.
  • September 10, 2026Connecticut cease and desist: Connecticut's Department of Consumer Protection issued cease-and-desist orders to ProphetX and eight other prediction-market companies over sports/event-contract activity in the state. ProphetX subsequently entered discussions with officials.
  • September 2, 2026ProphetX 2.0 app launch: ProphetX released the major ProphetX 2.0 app redesign, introducing a finance-style interface and visible order-book depth. Later September releases added new payment methods, including debit cards and Apple Pay.
  • August 31, 2026Boom Sports partnership: ProphetX announced a partnership with Boom Sports to distribute its CFTC-regulated prediction markets through Boom's platform.

ProphetX promo code FAQs

Does the ProphetX promo require a deposit?
Yes, you need enough funds to make at least $50 in qualifying opening trades. ProphetX's actual promotional requirement is $50 of trade volume, rather than simply depositing $50. You have 30 days after account approval to meet that threshold, and trades executed above 80¢ do not count.
Does ProphetX have promos for existing users?
Yes, although they aren't the same as the PRED welcome offer. Existing users can use programs such as ProphetX's Maker Rebates Program, which rewards liquidity provision. Marginal rebates begin once monthly maker volume passes $50,000 and increase at higher tiers.
How can I withdraw from ProphetX?
Head to the cashier and pick the withdrawal option. These include bank transfer, wire transfers, and paper checks, although ProphetX has been expanding its payment setup. Bank withdrawals can be available within 24 hours, while wires may take up to 72 hours and checks considerably longer.
Is ProphetX a sportsbook?
No, ProphetX may offer many of the same sports outcomes as a sportsbook, but it operates as a federally regulated prediction market exchange. Participants trade event contracts with each other, while ProphetX provides the marketplace rather than acting as the house on the other side of the trade.
Is ProphetX trustworthy?
Yes, ProphetX is registered with the CFTC as a Derivatives Clearing Organization and designated as a Designated Contract Market. It also states that participant funds are kept in segregated accounts at U.S.-based chartered commercial banks rather than being mixed with company operating funds.
How do ProphetX combos work?
ProphetX combos combine between two and 12 sports outcomes into one trade. You choose the legs, and market makers quote the combination through an RFQ system. All required legs need to succeed for the combo to settle successfully. ProphetX charges 0% trading fees on combo gains.
How do I find my ProphetX referral code?
Log in to ProphetX and access the referral area in your account. Your personal referral link is separate from the PRED promotion shown on this page. When an eligible friend registers through your referral and completes the qualifying conditions, referral promotional funds can be issued to both accounts.
How does ProphetX arbitrage work?
ProphetX doesn't need a separate arbitrage feature for you to find a price gap. I can compare the same outcome on ProphetX with another prediction exchange and look for cases where the combined prices create a potential locked-in position. The easiest way to find these discrepancies is through an arbitrage scanner, which checks the same outcomes across multiple platforms instead of forcing you to manually compare every order book.
What are the fees on ProphetX?
ProphetX currently charges a 2% fee on net gains from straight markets, while combos carry a 0% fee on net gains. High-volume liquidity providers may also qualify for maker rebates. I recommend using our prediction market fees calculator before trading so you're comparing the actual cost rather than the headline price alone.