Is Prophet X Legal in 2026? Complete Prophet X Legal Guide

When interest in prediction markets is high, Prophet X legal states should be a concern, so you know when and where you can access the site to enjoy its offerings.

Prophet X is currently available in 44 states following its switch to prediction markets.

In this guide, we are going to explore where the site is allowed to operate and how the prediction market model works.

What are the Prophet X legal states?

It can be confusing to figure out where prediction markets are available, as regulations really vary from state to state. You may find that some platforms are legal in your state, but then another one isn’t. In that case, let’s clear up any confusion now.

There are 44 Prophet X legal states, which means that this prediction market product is restricted in 7 states.

These states include:

• Connecticut
• Massachusetts
• Maryland
• Michigan
• Nevada
• New York
• Ohio

How is Prophet X legal in 44 states?

Prophet X is also regulated by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market and Derivatives Clearing Organization. They operate a peer-to-peer prediction exchange which means you are able to trade contracts based on event outcomes with other users.

You can accept an available price or you can submit your own and wait for another user to match it. You will see the prices move as others buy and sell, rather than being fixed.

Prophet X legal status by state

• Connecticut
• Massachusetts
• Maryland
• Michigan
• Nevada
• New York
• Ohio

If you are unclear about your state’s eligibility, always check the latest terms directly on the Prophet X site before registering.

Is Prophet X going to be available in more states?

Prophet X currently operates in 44 states, but availability may change depending on regulatory changes or updates.

There’s no official public timeline confirming expansion into the 7 restricted states. However, as prediction markets continue growing in popularity, regulatory adjustments can happen.

If you live in a restricted state, your best next move is to monitor Prophet X’s terms and announcements for updates.

Is Prophet X safe and secure?

Prophet X’s prediction market exchange is regulated by the CFTC and it is stated that participant funds are held separately from its operating funds.

Another important factor is that before using the site you will need to complete the required identity checks and everything must match with your payment methods or you will not be able to continue.

As with any online platform, users should still review the site’s privacy policy and terms before signing up.

CFTC – Commodity Futures Trading Commission

Social Media

Address:

Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC 20581

Email:

questions@cftc.gov

Telephone:

202-418-5000

Founded:

01/1974

Employees:

633

License-Directory

cftc.gov

An overview of Prophet X

Prophet X is a prediction market exchange where you trade event contracts against other market participants. There are plenty of markets available which include game outcomes, spreads, totals, player markets and futures.

So what does this mean exactly? Well, when you place your trades at Prophet X, you’ll be doing so against other users, not against the platform itself. You can either decide to accept a listed price or submit your own, but just note that your order needs to be matched before a trade takes place.

You can either use the web version or you can check out the Prophet X app, which is available to download on both iOS and Android devices.

Pros and cons – Prophet X legal states

Before you go signing up with Prophet X, it’s well worth understanding the strengths and weaknesses of Prophet X’s legal availability.

Pros and cons

• Sports event contracts
• Option to specify your trading price
• iOS and Android apps available

• Location restrictions
• Trading fees apply

How to claim the Prophet X welcome offer in legal states

If you have had a look at this page you will see that there is a welcome offer. You will need to sign up to claim this but the process is straightforward, and it only takes a few minutes to complete.

We’ve put together this handy step-by-step guide to help you set up your new account:

1. Click our page banners to visit the official Prophet X website or download the app.

2. Select Sign Up and choose Continue with Email. Enter your email address, create a password and click Continue.

3. Confirm your email address using the verification link sent to your inbox.

4. Enter a promo code if you have one, we will always update this page with the latest.

5. Enter your phone number and the verification code sent by SMS.

6. Complete any identity and location checks.

7. Check the terms, fund your account and complete the qualifying trades of at least $50 within 30 days of opening your account.

You’ll find a full breakdown of the available markets in our Prophet X review.

Welcome offer terms

New users can get $75 in promotional credit after completing $50 in qualifying trades within 30 days of creating their account. Just note that any qualifying trades must be priced at 80 cents or lower.

These are given as three separate $25 installments on Days 1, 7 and 14.

You need to use your first installment in full before Day 7 to unlock the second, then use the second before Day 14 to unlock the third.

Each installment expires 45 days after it’s given and the promotional credit itself can’t be withdrawn, but eligible winnings from settled trades can.

Conclusion – Prophet X is legal in 44 states

So there you have it, there are 44 Prophet X legal states in which you can sign up. This means that if you’re located in Connecticut, Massachusetts, Maryland, Michigan, Nevada, New York, and Ohio, Prophet X won’t be available to you. But if you’re in one of the legal states, then you can enjoy the Trade $50 Get $75 offer. Overall, there are only a few restricted states that could hinder you, so always plan and see if you’re in a legal state or not.

Sign up today using our page banners and take a look at all the sports prediction markets available.

Prophet X legal states FAQs