Many are concerned about the Prophet X redemption time. However, one shouldn’t really stress about it, as it is simple – it all depends on your chosen bank and you should receive your redeemed prizes in a snap.
We get where you’re coming from. Redeemed prizes are the fruit of your social betting experience, and this is something that Prophet X understands, which is why you have a lot of methods in redeeming your prizes on the site. In this guide, you’ll understand that there’s a lot to learn about redeeming prizes on the site
Up to 200 Prophet Cash in first 30 days
Prophet X Highlights
- Extensive coverage for major leagues and sports
- Opportunity to set your own odds
- Live markets are available
Prophet X prize redemption model explained
So, first things first. The
Prophet X app
is based on a sweepstakes model, where you play for free and get a sign-up bonus offer of up to 200 Prophet Cash in the first 30 days, using virtual currencies. While one type of currency (Prophet Points) is designed only for fun, the other (Prophet Cash) is used to enter free sweepstakes contests. You win these contests by predicting the correct outcome of sporting events, which gets you more Prophet Cash (PC). As long as certain conditions are met, you can redeem your PC for real cash prizes. ProphetX redemption time varies, which we’ll explain more about shortly.
You’ll need a fully verified account and to be a physical resident of one of the
ProphetX legal states, which are AL, AK, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, ME, MD, MA, MN, MS, MO, NE, NH, NM, NY, NC, ND, OK, OR, PA, RI, SC, SD, TX, UT, VT, VA, WV, WI, and WY.
You also need to play your PC at least once. For instance, if you got free virtual currency through a refer-a-friend promotion, you cannot redeem it instantly. It works the same way at other brands, like Thrillzz. If your friend signed up using a
Thrillzz referral code, and you received free virtual currency, you couldn’t redeem it there either. So, a 1X wagering requirement is standard practice.
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Prophet X prize redemption at a glance
Just looking for the quick facts? Here’s the TL;DR of prize redemption at Prophet X.
| 💵 Redeemable currency | Prophet Cash |
| 💲 Available prizes | USD |
| 🤏 Minimum redemption | $1.00 |
| 🔥 Maximum redemption per transaction | $5,000 in Florida and New York, $10,000 in other eligible states |
| ↩️ Commission | 1% payment adjustment on all markets (net winnings only) |
| ⏳ Processing time | Typically 24 hours to 5 business days |
| 🗓️ Customer limits | 1 prize redemption request per 24 hours |
| ⚽ Playthrough requirement | 1X to 20X |
| 👤 KYC verification required | Yes |
| ✅ Account verification methods | Valid government-issued photo ID, social security number, biometric facial scan recognition, and proof of address |
| 🏦 Redemption methods | Online banking via Aeropay or Trustly |
| 📩 Support | In-app or email hello@betprophet.co |
| ⛔ Restricted states | AZ, ID, LA, MI, MT, NJ, NV, OH, TN, and WA. |
Prize options
Generally speaking, sweepstakes brands offer gift cards, cash, or both, as it does not support real money. Prophet X offers cash, which is arguably the better option if choosing between the two types of prizes. That being said, it’s not a perfect situation. Here’s a summary of the advantages and disadvantages of the cash-only prizes at Prophet X.
Pros and Cons
- Low minimum redemption from as little as $1
- Cash can be spent anywhere
- Conveniently receive it into your bank account
- No risk of forgetting to use it before an expiry date
- Less choice overall
- ProphetX redemption time for cash can take longer than gift cards
Redemption adjustment
The ProphetX redemption adjustment is the commission that’s taken from your winning bets. It’s only applied to net profits. This is ideal since it has less of an impact on your overall winnings. If it were applied to your gross profits—as some other sportsbooks do—the fees could eat into your returns, especially if you use strategies like arbitrage betting. Basically, you’re not penalized for winning. This is all part of the benefits of the peer-to-peer exchange model, which focuses on fairness, transparency, and making it an even playing field.
Playthrough requirement
Your Prophet Cash must have been wagered at least once before it’s eligible for prize redemption. You can’t instantly redeem PC that you’ve claimed through rewards or promotions, like the refer-a-friend bonus. So, let’s say your friend entered your unique
Prophet X referral code
when they signed up, and you received 25 PC. You need to stake those PC on a play. Only once you’ve done that, and won them back, will you be able to redeem them.
How to redeem: step-by-step
If you’re ready to redeem your first prize, we’ll walk you through it with this easy-to-follow guide.
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Open the Prophet X app
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Navigate to your account area
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Ensure your account is fully verified
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Tap the option to redeem Prophet Cash
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Choose how much to redeem
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Select your preferred payment method
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Follow the on-screen instructions to complete the request
It’s that simple! If you run into any issues, contact Prophet X support for assistance.
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ProphetX redemption methods
We only found one valid redemption method during our
Prophet X review, which is online banking. However, this could change very soon. Here’s what you need to know.
Online banking
Prophet X has partnered with third-party payment providers Trustly and Aeropay to facilitate convenient, fast, and secure transactions with your bank. When you select either of these methods, you’ll be prompted on-screen to log in to your bank account.
Before you decide to use online banking, it’s worth checking that your bank approves sweepstakes transactions, as not all do. Others offer a great ProphetX redemption time but don’t allow purchases. If you bank with a local provider, a credit union, or a bank that’s not listed on the redemption screen, it’s always best to check. If your bank asks, the transaction will appear from “ProphetX” on your statement.
⚠️ Whichever method you choose, it must be in your personal name. No business accounts and no using friends’ or family’s accounts—even with their permission. Attempting to redeem a prize to an account that’s not in your name can result in ProphetX closing your player account and voiding any prizes.
Other methods
Prophet X currently offers various payment methods for purchasing Prophet Points. As well as online bank transfers, you can pay with a credit or debit card. You can also pay in cash via PayNearMe by visiting a participating retail location. Unfortunately, these methods are not currently available for prize redemption.
There are rumors surrounding the full adoption of cryptocurrencies at Prophet X, although it’s unclear if they’ll be an eligible redemption method. The official Prophet X site mentions that Bitcoin, Ethereum, and more are coming soon. As always, we’ll keep a finger on the pulse. Check back here regularly for the latest updates.
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Game on the go with ProphetX mobile
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ProphetX redemption time
One of the major player grievances when it comes to sweepstakes sportsbooks is the time it takes to process redemptions. So, how long does ProphetX take to redeem your prizes?
The standard ProphetX redemption time for requests is 12 hours, though we’ve noticed many are pushed through much quicker (especially during working hours). During peak times, this sometimes increases to 24 hours. If you’re redeeming a prize over $600, your account might need to undergo extra security and fraud checks, which can extend the overall ProphetX redemption time.
Once processed, funds may take another 3-5 business days to appear in your account, depending on your bank.
Instant redemptions
Don’t want to wait? Then Aeropay could be the best option. It’s the only way to get redemptions directly into your bank account in the blink of an eye. However, not all banks support instant redemptions, so you’ll need to test it out or ask your provider for more information.
Final sum-up of redeeming prizes at Prophet X
Okay, so you’re not exactly spoiled for choice when it comes to redeeming prizes at Prophet X. It’s cash via online banking, take it or leave it. But honestly, those are the most popular options anyway. Cash is superior to gift cards for its versatility, and online banking is secure and widely used. Like most processes on the app, redemption is easy. Once you’re logged into the app, you just need to tap a few buttons to log your request.
The ProphetX redemption time is also impressive, with instant payouts from Aeropay and <12 hours standard processing time. Ready to take advantage of the quick and easy prizes at Prophet X? Use the links on this page to visit the exchange and start making some sporting picks.
Up to 200 Prophet Cash in first 30 days
Common questions about Prophet X redemption
⏳ How long does it take to redeem prizes at Prophet X?
Prophet X endeavors to process redemptions within 12 hours of receiving your request. However, this isn’t always possible. When demand is high, redemptions can take up to 5 business days. This largely depends on when you submit the request, the method you use, and who you bank with.
💳 What are the redemption methods?
At the time of writing, online banking is the only redemption method. However, you can choose whether to go through Trustly or Aeropay—the latter offers instant redemptions (with eligible banks). Crypto is coming soon, so watch this space.
If you need help with prize redemption, you can reach out to the Prophet X Customer Experience team via your app. Log in, go to ‘Account’ and select ‘Support’. You should see the relevant communication channels there. Their working hours are Monday to Sunday, from 10 am to 7 pm EST. If you want to, you can also email the team directly.
