The ProphetX offers its members an exciting new way to make sports predictions, where they are able to make trades with other members of the platform. This is a creative way to make the platform feel more social.
Prediction markets allow members to put their sports knowledge to the test and predict specific outcomes for various sporting events. ProphetX has managed to create a sports prediction platform that is straightforward to use and fully CTFC regulated. In this guide, we’ll be discussing how the site works, what promotions are on offer, and how you can get involved.
Open Prophet X Predictions
Prophet X Predictions Highlights
- Dedicated iOS & Android apps
- Sports event contracts across major leagues
- Request your own prices
ProphetX allows you to make predictions on sporting outcomes, where users can buy and sell contracts based on yes/no outcomes. These contracts are traded between members of the platform, which means there is a social aspect to making these predictions.
Because you are trading contracts with other users, your trade can have different outcomes where it can be fully filled, partially filled or a resting, which we explain more in this
ProphetX review. This just boils down to whether your trade request finds a counterpart. Since the platform operates as a P2P prediction market, you will need to find a counterpart for your trade to be fully filled.
Peer-to-peer play
ProphetX is a peer-to-peer sporting prediction market. All that means is that the platform doesn’t take the other side of your trade – other users do. This extra element of control means prices can be driven by market activity rather than set odds like a sportsbook would use.
How liquidity works
Liquidity is fundamental to a peer-to-peer prediction market, so its important you understand the concept in general. It refers to the amount of money in the market. The liquidity is displayed below each price so members can see how much is available for a specific price. It essentially provides transparency and insight into the market depth.
For example, if you see that there is $500 in the liquidity pool, then any trades up to that amount can be fulfilled. If the trade you want to make exceeds this amount, it will be partially filled and the rest will be open to be filled by other market participants.
Trade $50 Get $75
T&Cs and 18+ apply
Now, let’s get down to the nuts and bolts of the ProphetX platform. We’ll cover how to get started and how the bonuses work.
If you only plan to make trades on your desktop or laptop, then it’s fine to use the browser version. However, if you intend to make trades on your smartphone or tablet, we suggest downloading the free iOS or Android app. You can use one of the links on this page. The
ProphetX app
makes it easier to browse markets, trade contracts, and monitor your picks. Once you’ve downloaded the app, create an account on the ProphetX platform by tapping “Register” and following the instructions.
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Click one of the banners on this page to visit the official ProphetX platform and click sign up.
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Enter your email address and create a password.
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A verification code will be emailed to you, type it in where prompted and confirm.
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You will then be told you qualify for the new user bonus.
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Read the terms and conditions and click “accept all” if you agree to them.
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Confirm your phone number.
You’ll also need to verify your identity by uploading a government-issued photo ID, such as a driver’s license, student ID, or passport that shows you’re over 18 (or the age or majority in your state). You’re also required to submit a valid proof of address to show you live in one of the
ProphetX legal states.
You can access ProphetX from 45 U.S. states. Unfortunately, if you live in MA, MD, MI, NV, NY, and OH, you can’t join the exchange at this time.
Contract Fees
Since ProphetX is a peer-to-peer sports prediction market, you may be wondering how they make money as they don’t act as a ‘house’. Instead, they charge a trading fee. All straight trades on the site are charged at a standard 2% trading fee on net gains per market.
It’s a member-friendly way of charging fees, since you only pay on your genuine gains, rather than gross amounts, so you keep more of your money. To give you a feel for how the ProphetX fees work, as well as how the overall site performs compared to Novig, feel free to dive into this in-depth
ProphetX vs Novig review.
Pros and Cons
- Low fees
- Trading with other members set the price
- Platform provides transparency
- You only pay when you win
- No tiered discount for high-volume traders
Bonuses
When you sign up to ProphetX you will get confirmation you qualify for the new user bonus. This is awarded in parts if you make $50 worth of trades in the first 30 days of signing up. The offer is trade $5o, get $75 in trade credits (with the trad credits being awarded as three lots of $25 on days 1, 7, and 14. These trade credits are valid for 45 days from issue.
The refer-a-friend bonus is progressive, so well worth your time. Just make sure to share your link and remind your friends to enter your
ProphetX referral code
when prompted. If they use your link, you’ll get $25 in trade credits if they make $50 of trades in their first 30 days of signing up. Anyone you refer after that will bag you an extra $5 on your reward, up to a maximum of $50 per referral,
Best ProphetX features
If you’re looking for a next-level sports
betting experience, the ProphetX exchange delivers. The app itself is seamless in design. Like F1 cars and their drivers, it’s fast, modern, and user-friendly. But two key areas make it stand out from other sportsbooks.
You don’t need to be an expert to place a trade on the ProphetX exchange. Here’s the process broken down, step by step.
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Open the platform to see what markets are available
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Pick your sport and market
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Review the available liquidity for the trade you want to make
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Instantly place a trade by selecting a listed price
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Enter the amount you wish to trade
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Confirm your selection
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Place sports prediction trades at ProphetX
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Make predictions at ProphetX on your mobile
Summing up trading on ProphetX
Trading sports prediction contracts with your peers is straightforward at ProphetX. Your trade is matched with a counterpart on the platform, giving your sports prediction trades a social aspect.
Thanks to the peer-to-peer structure, transparency around market liquidity ensures you’ll know exactly where you stand and whether your trade has been fully filled. Plus, ProphetX remains unfazed by your success—in fact, they celebrate it!
Ultimately, ProphetX is the place to be if you’re searching for better value, more control, and higher win potential. To make your first trade, follow one of the links on this page to visit the official app.
ProphetX trading FAQ
🃏 How do you make a trade on ProphetX?
To place a trade on the ProphetX platform, simply select the sport you’re interested in, check the trades and the liquidity pool to ensure it can be fulfilled and enter the amount you want to trade.
✅ Is ProphetX legit?
Yes, ProphetX is a legal and trustworthy site that is CTFC regulated. It’s able to operate in 45 states.
💸 Can you trade for real money on the ProphetX?
Yes, you deposit, make trades with and withdraw real money. You can’t withdraw trade credits you receive as part of a bonus directly, you will need to trade with it first.
👫 How does the refer-a-friend bonus work?
Much like the
Thrillzz referral code, ProphetX works with a unique code that you enter when signing up. This links new accounts to your profile, so the system knows to reward you with the bonus when certain criteria is met.
