PROPHETX REVIEW 2026

Is ProphetX legit and legal in the US?

ProphetX is a legitimate, CFTC-designated contract market (June 11, 2026; reported also approved as a clearing organization the same day). ProphetX publishes no state list; it is not offered in Nevada, and our ProphetX welcome offer covers 49 states plus D.C. Sports contracts are what states are contesting in court, so status varies by state (section 2 table). It is built around sports. We rate it 8.7/10 for regulation, sports depth and low commission.

Our verdict

8.7/10

Trade $40, get $40 on ProphetX → (opens in a new tab) Trade $40 · Get $40 · Code WINPREDICTS (opens in a new tab)

New users only. T&Cs apply. ProphetX's minimum age is 18 (or the local age of majority if higher); we recommend 21+. Not available in Nevada. Trading involves risk.

TL;DR:

ProphetX is a sports-first prediction market running on its own CFTC-licensed exchange, live in 49 states + DC (Nevada excluded). ProphetX charges a 2% trading fee on net gains per market on straight trades, and pricing is peer-to-peer, so there is no house margin. Trade $40 and get $40 with code WINPREDICTS. If you only trade sports, it's the sharpest US venue we've tested; if you also want politics or economics, pair it with Polymarket.

ProphetX: trade $40, get $40 with code WINPREDICTS (opens in a new tab)

New users only. T&Cs apply. ProphetX's minimum age is 18 (or the local age of majority if higher); we recommend 21+. Not available in Nevada. Trading involves risk.

Is ProphetX legit?

Yes. In June 2026 the US Commodity Futures Trading Commission approved ProphetX as a Designated Contract Market and as a Derivatives Clearing Organization — the same categories of federal licence held by the major futures venues. That dual approval is unusual: it means ProphetX both lists its contracts and clears them itself, rather than renting access to someone else's exchange.

• Regulator: CFTC-approved DCM and DCO since June 2026. See the CFTC registry (opens in a new tab).
• Fund safety:
• Availability: 49 states + Washington, D.C. (Nevada excluded). No VPN or offshore workaround.
• Identity checks: Name, address and SSN last 4 required by CFTC rules — a sign of regulation, not a red flag.
• Scope: Built around sports event contracts — check the app for other markets.

How trading works

Every ProphetX market is a YES/NO contract on a sporting outcome, priced between $0.01 and $0.99. The price is the implied probability: a $0.60 YES contract implies a 60% chance and pays $1.00 if it settles true. Because you trade against other users rather than an operator, your fill depends on what the other side is willing to take — and you can close early at the current market price instead of waiting for settlement.

Sports coverage

Score breakdown

Fees & costs

Where ProphetX is available

ProphetX is live in 49 states plus Washington, D.C. Nevada is currently excluded.

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

How to get started

1. Create a free account

   Register with your email and verify identity (name, address, SSN last 4) as required by CFTC rules.

2. Enter code WINPREDICTS

   Apply the code in the promo field during onboarding to unlock the trade $40, get $40 offer.

3. Fund with $50 or more

   Deposit by debit card or ACH bank transfer. No deposit fee.

4. Place your first sports trade

   Pick a market, choose YES or NO, set your size and confirm. Each share settles at $1.00 or $0.

Compare alternatives

• Score: 9.1/10 · CFTC-regulated US app
• Score: 8.3/10 · CFTC-regulated, USD via ACH

Frequently asked questions

What is the ProphetX bonus code?

Use code WINPREDICTS at sign-up — trade $40 on ProphetX and get $40. Open the offer through our link and enter the code in the promo field during onboarding.

Is ProphetX legit?

Yes. In June 2026 the CFTC approved ProphetX as a Designated Contract Market and a Derivatives Clearing Organization, making it the first sports-focused US operator to run and clear its own federally regulated exchange. Customer funds are held in segregated accounts and trades clear through its own CFTC-regulated clearing house.

Where is ProphetX available?

ProphetX is available in 49 states plus Washington, D.C.: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the District of Columbia. Nevada is currently excluded.

What can you trade on ProphetX?

Built around sports. ProphetX lists contracts on the NFL, NBA, MLB, NHL, college football and basketball, soccer and combat sports, including game outcomes, totals, series and player performance markets. ProphetX is built around sports; check the app for other markets.

How is ProphetX different from Kalshi and Polymarket?

ProphetX is sports-native: it is built around sporting events, and pricing comes from traders on both sides rather than a market maker's spread. Kalshi and Polymarket are generalist exchanges that cover politics, economics and culture alongside sports.

How does ProphetX pricing work?

Every contract is a peer-to-peer YES/NO position priced between $0.01 and $0.99, where the price equals the implied probability. Because there is no house taking the other side, your fill comes from another trader — which is why payouts can exceed what a traditional fixed price would return.

Is ProphetX gambling?

Legally, no — ProphetX is a CFTC-regulated derivatives exchange, not a state-licensed sportsbook. Practically, event contracts carry real financial risk. Treat it as trading, not entertainment.

How long do ProphetX withdrawals take?

Withdrawals return to your original funding method and typically settle in 1–3 business days. There is no withdrawal fee.