
At this point, you may be wondering why we’re telling everyone that there’s no need for a Prophet X no-deposit bonus. That’s because, as of the time of writing this, this newly relaunched prediction market is currently not offering a no-deposit bonus, but not all is lost, as they are offering a welcome offer to new traders who sign up.
What you can get is a welcome offer that is available after you sign up and verify your account that will give you a $75 bonus after trading your first $50 on sports predictions. In this review, you’ll learn more about how ProphetX’s promotions work, how to make the most of each one, and how you can use these offers to spice up your sports predictions on the platform.
As mentioned previously, if you came looking for a no-deposit bonus for ProphetX predictions, you won’t find one. Instead, what you will find is a Trade $50, get $75 welcome offer after signing up for a brand new verified account, with no ProphetX promo code needed. How it works is that when you make $50 in trades within your first 30 days on the platform on event contracts priced below $0.80, you will receive $75 in bonus trades.
Once received, these bonus trades from the welcome offer are not provided in one large lump sum. Instead, they are added to your account as three separate $25 amounts over 14 days. All bonus trades from ProphetX carry a 1x trading requirement before you can withdraw them, and all bonus trades expire after 30 days.
You can kickstart your prediction sessions on the site by activating the welcome bonus after creating an account. Currently, at the time of writing this, they have only just relaunched as a sports prediction market, so the list of ongoing bonuses right now isn’t as extensive as others, but on the other hand, what they do offer is great value to those who take advantage of it. During our Prophet X review, here is what we found:
Sign up your friends to ProphetX, and you can get yourself a scaling referral bonus for each friend that you invite. To claim the bonus, invite your friends using your unique referral link that can be found in your account settings, and from there, once they have created their account and traded at least $50, both you and your friend will receive $25 in bonus trades. The bonus is that for each friend that you invite and who qualifies, your bonus will increase by $5 each time. Here is how it looks:
ProphetX has just relaunched as a CFTC-regulated sports prediction market that operates under federal oversight. This isn’t a traditional sportsbook, so you won’t find any odds or house edge. You can trade event contracts on sports predictions with the price set by other traders based on what they think the outcome will be.
These markets will be priced between $0.01 and $0.99, and the price reflects what the market thinks the outcome will be. For example, a market priced at $0.57 per event contract for the Pittsburgh Steelers means that your peers think they have a 57% chance to win, while their opposition, the Cleveland Browns, only has a 43% chance to win at $0.43 per event contract.
They brand themselves as the first sports prediction market, and by having a look around, we would agree that this is what they do best, but there are a few markets available for politics as well, which is a bit of a surprise. For sports, they cover all the major US leagues, as well as a solid coverage of international sports, so no matter what you’re chasing, there is most likely a market for it.
Here is a quick overview of the available sports at ProphetX:
While we were pretty impressed by the overall welcome offer, as well as the referral bonus for inviting your friends, like every platform there are some advantages and drawbacks that we noticed while reviewing ProphetX prediction market:
From this guide, you now understand why you’ll only find a bonus built around your first trades rather than a no-deposit bonus. Despite the absence of a no-deposit bonus, they are offering brand-new traders a welcome offer of “Trade $50, Get $75 in Bonus Trades” within your first 30 days on the platform.
While the list of bonuses might not be as extensive as other prediction markets, they have only just relaunched as a CFTC-regulated sports prediction market. Based on their history, we expect them to add more bonuses in the future. What you can enjoy for now is a referral bonus that starts at $25 and increases by $5, up to $50, for each friend you invite using your unique referral link.
If you would like to sign up and claim your welcome offer and start predicting sporting outcomes, click the banner on this page.
No, at the time of writing this ProphetX does not offer a no-deposit bonus. what you can find is a welcome offer for new traders of “Trade $50, get $75 in bonus trades” which can be claimed after you sign up and verify your account.
The platform has a section where you can track your referral history. This is where you will find the number of referrals you have, along with those who have met the requirements that qualify you for the bonus.
Yes, you can claim the welcome bonus on the Prophet X mobile application. However, you cannot receive the bonus a second time if you already claimed it when using the desktop site.
If you do not receive your welcome bonus immediately after meeting the requirements, contact customer support. They are available through email from 10:00 am to 10:00 pm EST.
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