We have lots of players in the Sunshine State who have asked, Is ProphetX available in Florida? If you’re one of such players, you are on the right page. Let’s start with a simple answer – yes, ProphetX is available in Florida.
This is thanks to the prediction markets model that lets you buy and sell event contracts tied to the outcomes of sporting events which you can keep it until settlement or look to trade out before the event ends. However, there are things to note about ProphetX’s operations in your state. We’ll cover everything right here, so keep reading.
The prediction market model that makes ProphetX available in Florida
ProphetX is legal in Florida because it is a federally regulated sports prediction market. The platform is registered with the CFTC as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO).
It works by letting users trade sports event contracts directly with other market participants. The trades are based on the outcome of real world events and the price can change as traders buy and sell based on how likely they think that outcome is to happen.
The prices are determined by the supply and demand on the exchange instead of ProphetX siding with the opposite side. So as an example if the outcome you backed is correct the contract will settle at its full value, if its wrong it will settle at zero.
What to note before signing up at ProphetX from Florida
During our Prophet X review, we noted the following essential conditions players should keep in mind before registering. Check them out in the table below:
| Term | Description |
| Minimum age requirement | ProphetX’s prediction market product is for users aged 18 and over, subject to its eligibility requirements. |
| Location checks | The site will check your location, as Florida is an available state this should be simple. Just make sure you are not using a VPN. |
| KYC verification | You must complete this before you can do most things. All you have to do is submit clear copies of documents that show who you are and your address. |
| Trading fees | Straight trades carry a 2% fee on net gains per market. Parlay contracts have a separate fee schedule. |
Register at ProphetX by following these simple steps
Whether you want to use ProphetX Ohio, Florida, or any other state where the brand operates, the registration process is the same. Let us give you a simple breakdown:
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Open the ProhpetX site by clicking the promo banners on this page and select sign up in the right hand corner.
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Choose “Continue with Email,” enter your email address and create a password.
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Select “Continue” and follow the instructions to verify your email.
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Enter a promo code if you have one, then read and accept the terms and conditions.
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Put in your phone number and enter the verification code sent by SMS.
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Follow any remaining steps to provide your personal details, enable location checks and complete verification.
You will receive a notification welcoming you to the platform. Then, you can get stared with your trades.
Other features to consider at ProphetX
Beyond just being able to sign up in FL there are plenty of features and even a new user promotion to consider at ProphetX. Lets go through the top three things to know before you sign up!
Trade $50, get $75 promotion
ProphetX is currently running a welcome offer for new users, you can get $75 in promotional credit if you complete $50 in qualifying trading volume. The credit comes in three $25 installments over 14 days. Just note that any trades above 80% are excluded and each installment expires 45 days after it is credited.
Sports and market selection
There are plenty of sports and markets available here so you are not missing out on any major tournaments. The exchange has all of your top sports including football, basketball, baseball, hockey, soccer and tennis. The contract types include game outcomes, spreads, totals and player markets but keep in mind the selection can vary between different events.
Control over your trading price
You can accept an available price or submit your own giving you a lot more control over your predictions. You can also seek to close a position before settlement, but do note that this is subject to matching liquidity.
How to fund your ProphetX account
It is always best to check at the time you are funding your account, but you are able to currently use Aeropay, Trustly, Visa, and Mastercard. You are able to use wire transfers for withdrawals but you are not able to use them for deposits.
To make a deposit first go to the funding section and select your method them enter the amount you want to deposit. Just make sure to double check any information and that the payment method is in your own name.
Pros and cons of using ProphetX in Florida
There are lots of features and things to consider when using ProphetX, especially if you are new to prediction markets. Lets run through a couple of the main ones to keep in mind.
Prophet X Predictions: Pros & Cons
- Sports event contracts
- Ability to specify a trading price
- Several payment methods
- Orders may remain unmatched
- Trading fees apply
ProphetX in Florida: Sports event trading
ProphetX is available in Florida and it lets you trade sports event contracts, with the option to accept an available price or pick your own. This flexibility is one of the main perks alongside the markets covering football, basketball, baseball and more. Just remember that orders depend on another participant matching them, and trading fees apply.
The trade $50, get $75 promotion is a great way to new users to get started especially if you are new to prediction markets. If you like the sound of Prophet X and want to give it a go, click any of the banners on this page to create your account and check out all of the sports markets they have to offer.
Is ProphetX legal in Florida? FAQs
Is ProphetX available in Florida?
Yes, Florida is listed as an available market for ProphetX’s prediction product. This remains subject to its age, identity and location requirements so check these when you sign up via the links on this page.
Can I use ProphetX when traveling outside Florida?
This depends on your location and the restrictions in force at the time. Currently it is not available in MA, MD, MI, NV, NY, and OH.
Can I withdraw my entire account balance?
Open positions, outstanding orders, verification requirements and promotional terms may affect the funds you can withdraw.
