Prophet X is currently available to eligible users in Colorado as a federally regulated sports prediction market. Rather than placing fixed-odds bets with a sportsbook, you trade sports event contracts against other market participants, with prices moving according to supply and demand.
ProphetX LLC is registered with the CFTC as both a Designated Contract Market and Derivatives Clearing Organization. Colorado has also taken the position that states should retain authority over sports-related prediction markets, so the regulatory position is worth understanding. Below, I cover how Prophet X works in Colorado, its current welcome offer, eligibility requirements, and the main sports markets available.
What is Prophet X, and how does it work?
Prophet X is a sports-focused prediction market where participants trade contracts tied to sporting outcomes.
Instead of accepting odds set by a traditional sportsbook, you trade against other market participants. You can take the price already available or place an order at your preferred price and wait for another participant to match it.
Contract prices move with market demand, so you can also manage a position after entering it. Depending on the market, that means holding through settlement or trading out earlier as the price changes.
Prophet X covers sports including football, basketball, baseball, hockey, soccer, tennis, golf, MMA, and Formula 1. Markets can include moneylines, spreads, totals, and player outcomes.
What is the Prophet X welcome offer?
Eligible new Prophet X participants can currently
trade $50 and receive $75 in promotional credit.
You need to accrue $50 in qualifying trading volume to trigger the promotion. The $75 is then issued as three weekly $25 promotional-credit installments, with the applicable promotion conditions applying to each installment.
There is no rollover requirement attached to the featured offer.
How Prophet X contract pricing works
Prophet X uses market-driven contract prices rather than conventional sportsbook odds.
When you open a market, you can take the available price or submit your own order. That order remains available until another participant matches it or you cancel it.
Prices reflect what market participants are prepared to trade at, so they can move as demand changes. Prophet X charges a
2% fee on winnings, while losing trades are not charged that winnings fee.
An overview of sports prediction markets in Colorado
Colorado has had regulated sports betting since 2020, but sports prediction markets operate under a separate federal derivatives framework.
ProphetX LLC received CFTC registration as a Derivatives Clearing Organization on June 10, 2026, followed by designation as a Designated Contract Market on June 11, 2026.
Colorado Attorney General Phil Weiser joined a multistate coalition in April 2026 arguing that sports-related event contracts should remain subject to state authority rather than being treated solely as federally regulated derivatives. The dispute is about whether state or federal authorities should control these products. Prophet X nevertheless currently accepts eligible users in Colorado.
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Explore sports markets with Prophet X
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Trade Prophet X sports contracts on mobile
Is Prophet X available in Colorado?
Yes. Prophet X currently makes its sports prediction market available nationwide apart from Nevada, which means eligible users in Colorado can access the platform.
You still need to satisfy Prophet X’s account, age, identity, and location requirements before trading.
Its terms require participants to be
over 18 or meet the higher legal age of majority where applicable. Colorado’s age of majority is 18, so eligible Colorado participants generally need to be at least 18.
Why Prophet X can operate as a prediction market
Prophet X operates through a federally regulated exchange structure rather than a conventional sportsbook licence.
ProphetX LLC is both a CFTC-designated Designated Contract Market and a registered Derivatives Clearing Organization. These registrations put its exchange and clearing activity under federal derivatives regulation.
Prophet X matches trades between market participants rather than taking the opposite side of participants’ positions. Prices are driven by activity in the market rather than being fixed by a sportsbook.
💰 Segregated participant funds
Participant balances are held in segregated accounts at U.S.-based chartered commercial banks rather than being commingled with the operator’s working capital.
🆔 Identity and location checks
Prophet X can require age, identity, address, source-of-funds, and location checks before or during account use. Location services must also be enabled when accessing the platform.
Getting started with Prophet X in Colorado
If Prophet X is available at your location and you meet the eligibility requirements, registration works like this:
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Open Prophet X.
Use one of the Prophet X links on this page to access the platform.
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Create your account.
Enter the requested account and contact information.
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Complete the required verification.
Prophet X may request identity, address, or other KYC documentation before allowing full account access.
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Enable location services.
Your physical location may need to be verified before you can access trading.
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Fund your account.
Add funds using one of the payment options available to your account.
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Choose a sports market.
Browse the available event contracts and select the outcome you want to trade.
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Enter your trade.
Take the current market price or submit your own price and wait for it to be matched.
Sports markets available at Prophet X
Prophet X is built primarily around sports event contracts.
Depending on the current sporting calendar, you can find markets across:
- NFL and college football
- NBA and college basketball
- MLB
- NHL
- Soccer
- Tennis
- Golf
- UFC and MMA
- Formula 1
Available contract types include moneylines, spreads, totals, player markets, and other event-specific outcomes.
Pros and cons of using Prophet X in Colorado
Prophet X Colorado: Pros and Cons
- CFTC-regulated prediction market
- Peer-to-peer sports trading
- Trade at the market price or set your own
- Trade $50 and get $75 promotional credit
- 2% fee applies to winnings
Is Prophet X legal in Colorado?
Prophet X is currently accessible to eligible Colorado users through its federally regulated prediction-market structure.
ProphetX LLC holds both DCM and DCO status with the CFTC, giving the platform federal regulatory oversight for its exchange and clearing activities. Colorado regulators have separately argued that sports event contracts should remain subject to state authority, so the broader jurisdictional question remains contested.
Prophet X is available in Colorado subject to account approval, location verification, age requirements, and the platform’s other eligibility rules.
Prophet X legality in Colorado FAQs
🌄 Can I use Prophet X in Colorado?
Yes. Prophet X currently makes its prediction market available to eligible users in Colorado. Account, identity, age, and location requirements apply.
📝 How old do I need to be to use Prophet X in Colorado?
Prophet X requires participants to be over 18 or meet the higher legal age of majority where applicable. Colorado’s age of majority is 18.
⚖️ Is Prophet X regulated?
Yes. ProphetX LLC is designated by the CFTC as a Designated Contract Market and is also registered as a Derivatives Clearing Organization.
🎁 What is the Prophet X welcome offer?
Eligible new participants can currently complete $50 in qualifying trading volume and receive $75 in promotional credit, issued as three $25 installments under the promotion terms.
📈 Is Prophet X a sportsbook?
No. Prophet X is a sports-focused prediction market where participants trade event contracts against other market participants at market-driven prices.
