ProphetX review 2026: peer-to-peer sports prediction market
Sports only, prices set by other users, and a strong welcome offer. Is it for you?
Verdict: ProphetX is our top pick for sports-only traders. It's a CFTC-licensed exchange and clearing house where users trade with each other, so prices carry no sportsbook margin. If you want politics or economics too, pair it with Kalshi or Polymarket.
Our score: 4.6 / 5 · Offer: Trade $50, earn $75 with code WINPREDICTS (checked 27 September 2026)
ProphetX offer, checked 27 September 2026
Trade $50, earn $75
Promo code: WINPREDICTS
New ProphetX traders, 21+. Deposit and trade $50 to unlock the $75 trading bonus. Eligibility and limits vary by state. Terms apply.
ProphetX at a glance
| Regulation | CFTC-licensed exchange (DCM) and clearing house (DCO) |
| Markets | Sports: NFL, NBA, MLB, NHL, college, soccer and more |
| Model | Peer-to-peer |
| Availability | Most states; limits vary by state (checked 27 September 2026) |
How we scored ProphetX
| Criterion | Score |
|---|---|
| Safety and regulation | 4.5 / 5 |
| Market range | 4 / 5 |
| Costs (fees and spreads) | 5 / 5 |
| Ease of use | 4.5 / 5 |
| Availability (states and devices) | 5 / 5 |
| Overall | 4.6 / 5 |
Equal weights; affiliate commissions play no part. How we review.
Pros and cons
Pros
- Peer-to-peer pricing: no built-in house margin.
- Set your own price with limit orders, or take what's on offer.
- Strong welcome offer.
- Winners aren't limited the way they can be at sportsbooks.
Cons
- Sports only.
- Less liquid on small games than the biggest markets.
- State sports disputes could affect availability.
Get started
How to sign up for ProphetX · Compare: ProphetX vs Novig
Frequently asked questions
Is ProphetX legit?
ProphetX says it holds CFTC licences as a designated contract market and derivatives clearing organization, the same federal framework used by other US exchanges.
Is ProphetX a sportsbook?
No. It's an exchange: you trade with other users, and ProphetX doesn't take the other side.
