
If you’ve taken the time to search for a legal sports prediction platform, then you’ve probably stumbled upon ProphetX at some point. This platform stands out for a great range of sports prediction options, but is ProphetX legal in Michigan?
Well, the short answer is NO. Despite the platform’s advertised claim of being legal in over 44 US states, it’s not authorized to operate in Michigan. Notably, you’ll find the state listed among other ineligible regions on the platform’s homepage. If you’re ready to know the legal situation surrounding ProphetX in Michigan, please read on for more details.
ProphetX is a peer-to-peer sports prediction platform where you trade contracts based on the probabilities of the outcome of that event. You can trade make trades with other members on the platform and if your contracts settles in your favor, you can make a profit.
New members in eligible states can sign up and collect $75 in Incentive Funds if they make $50 in trades. These “Incentive Funds” are the platform’s name for bonus funds and it just means you need to use these Incentive Funds to make trades and you cannot withdraw them directly. If your predictions settle with a profit, you will be able to withdraw those funds.
The table below shares details about the ProphetX platform
| Name of platform | ProphetX |
| Type of platform | Peer-to-peer sports prediction market |
| Sports offered | American football, basketball, hockey, college sports, Mixed Martial Arts/Ultimate Fight Championship, soccer, tennis, golf, and more |
| Type of currency used | USD (bonus funds are awarded as “Incentive Funds” in USD) |
| Welcome bonus | Make $50 in trades and receive $75 of Incentive Funds |
| Mobile apps available? | Yes, both Android and iOS |
| Payment methods | Online banking (Aeropay, Trustly), Visa, Mastercard |
| Ineligible states | Massachusetts, Maryland, Michigan, Nevada, New York, and Ohio |
Feel free to read our ProphetX review for more details about this operator’s further offerings.
Currently ProphetX is not available in Michigan, despite being a CFTC-regulated sports prediction market platform. The state has very strict rules on making online sports predictions. In all fairness, the state legalized sports betting in December 2019, which was signed into law by Governor Gretchen Whitmer. This meant that only licensed operators approved by the Michigan Gaming Control Board (MGCB) would be allowed to operate.
In the case of ProphetX, sports prediction markets are not the same as online sportsbooks, so are not including in the ruling. They operate based on making yes/no predictions based on probabilities and prices can be driven my market activity rather than odds. Due to the differences between the types of platforms, ProphetX cannot be classed as a sportsbook – because it isn’t one. Therefore it can’t operate in Michigan.
So, if you wish to to make predictions about your favorite sports team in Michigan, you can only do so at a licensed sportsbook. For this, you must also be at least 21 years old before betting on these platforms, according to the Michigan gaming law.
It’s also important to note that MGCB regularly issues Cease-and-Desist letters to unauthorized online gaming operators. This action proves one thing: if Michigan doesn’t want an operator within its borders, it’ll make it loud and clear.
So, what does it all mean for ProphetX? Well, you can download the app, but you cannot purchase contracts in Michigan, according to the rules. Since it isn’t MGCB-approved, any attempt to register or use a VPN (virtual Private Network) to bypass restrictions is deemed an illegal practice.
If you want to see how this operator performs in other states, feel free to read our article on Is ProphetX legal in California.
Away from the legal worries in Michigan, let’s talk about how ProphetX works. For one thing, the runs as a sports prediction platform. Contract prices are guided by market activities so they can look very different to how sportsbooks operate. As a peer-to-peer platfrom, members are trading contracts with each other rather than the “house”. This can add an extra layer of excitement and personal touch, knowing there is another person on the other side of their contracts.
While the app is free to download, there aren’t any no deposit bonuses available. Instead, members who place at least $50 of trades in the first 30 days of signing up will receive $75 in Incentive Funds – providing they’re in an eligible state. As it stands, ProphetX is unavailable in Michigan.
Please read our guide on Is ProphetX legal in Texas for more information about this operator’s legal status in other states.
The app is user-friendly, with a clean interface and smooth gameplay. You can download and play on your Android or iOS devices, and trade contracts on dozens of sports, including:
Since ProphetX is peer-to-peer, you can search for the best contract prices for the event you want to trade on. Since prices are set by market activity, you might spot some favorable probabilities. But keep in mind, none of this is available to Michigan residents by law. If you reside in the Sunshine State, please read our guide on Is ProphetX legal in Florida for more details about its operations in this region.
If you have withdrawable funds in your ProphetX wallet, it makes sense you’d like to know how to get your hands on it. The process is quite simple, just follow these steps:
Log in to your ProhetX account and head to your wallet.
You only need a minimum of $1 to submit a withdrawal request, so providing you have at least $1, you can make a withdrawal request.
Verify your identity by submitting government-approved documents and uploading a selfie
Hit “withdraw” and some options will come up about how much you’d like to withdraw and how you’d like to receive it.
Enter the amount you’d like to withdraw, choose a withdrawal method and confirm. If you choose Aeropay, some participating banks allow instant withdrawal, otherwise it can take up to 24 hours.
If you like ProphetX’s peer-to-peer sports prediction model, you may want to check where else this platform is legal to operate. Feel free to read our page on Is ProphetX legal in NY.
Here are a few pros and a con of this operator.
Overall, ProphetX is a unique platform. It offers the excitement of making predictions about your favorite sports without actually being a sportsbook. Because of this, it is currently unavailable in Michigan, but if this changes in the future, we’ll be the first to update you here. As such, we strongly recommend that MI sports fans stick to the state-approved sites.
We hope this guide clarifies the status of ProphetX in Michigan. If you do choose to try this platform outside of this restricted region, click the banners on this page to sign up. Once you do, claim the welcome bonus, and start purchasing contracts.
No. This operator clearly lists Michigan as a state where it’s unavailable.
Yes. Simply verify your identity then make a withdrawal request and the funds should arrive within 24
ProphetX is available in the majority of US states, except Massachusetts, Maryland, Michigan, Nevada, New York, and Ohio.
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