Sportsbook Review: ProphetX


Overall
4.5
/5
Security
5.0
/5
User Experience
5.0
/5
Betting Options
4.0
/5
Bonuses
4.0
/5
Payout Speed
4.0
/5
iOS Rating:
4.7
/5
(143)
Google Play Rating:
4.8
/5
(25)
Deposit Methods
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Debit Card
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PayPal
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Visa
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MasterCard

On this Page
ProphetX
ProphetX is shaking things up with its unique approach to sports betting. It’s a sports exchange that provides players with much more flexibility than a traditional sportsbook. Instead of wagering against the house and its listed lines, players can make predictions based on odds listed at the exchange, or even set their own prices.
There’s just a 3% percent commission rate, giving you the chance to keep even more of your winnings. ProphetX covers all of the major sports and pick types. It’s available on desktop and mobile in most US states. So is this rising star in the sports betting scene worth your time? Down below, the Odds Shark expert team covers all of the ins and outs to help you decide.
What is prophetX?
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Platform: Desktop and Mobile (iOS and Android)
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Specialty: Betting Exchange
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Availability: U.S. (Select States)
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Welcome Bonus: Earn 2% Back On Every Play For First 30 Days, Up To 300 In Prophet Cash
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Key Markets: NFL, NBA, NHL, MLB, Soccer, college sports
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Payment Options: Online Banking, Debit Cards & PayNearMe

Strengths of ProphetX
- User-friendly interface: Available on mobile and desktop, ProphetX features a simple interface. New players will love the ease of use, while seasoned players will quickly see that it stacks up incredibly well with competitors.
- Low commission rates: ProphetX caps its commission at 3% on winning contests. That’s much lower than traditional sportsbooks, affording users the opportunity to earn more profits on successful predictions.
Flexibility: You’re not locked into the odds set by the sportsbook. Users can make predictions based on what’s available on the exchange, and request their own odds if they don’t like what they see.
Unique model: The exchange operates on a sweepstakes model, which expands its availability across multiple states. You play with Prophet Points for the chance to earn real money cash prizes.
Weaknesses of ProphetX
Liquidity Challenges: New exchanges like ProphetX can face liquidity challenges due to limited user participation initially, affecting trading volumes and market dynamics. However, current liquidity at ProphetX seems strong based on recent data
Available Sports: ProphetX covers the bases with major sports like the NFL, NBA, and NHL. The menu of options is expected to expand in the future, but niche sports are not available at the moment.
- Limited banking options: When purchasing Prophet Points, the options are Online Banking, Debit Cards & PayNearMe, while withdrawals are limited to Online Banking and Debit Cards.
Few promotions: Currently, there’s a sign-up bonus for new players and a referral bonus available at ProphetX. Other platforms have a larger selection of options, including profit boosts.
Key Features of ProphetX
ProphetX is an innovative sports betting platform that continues to grow at a rapid pace. There are several key features that have helped it stand out in the crowded field. Here are just a few of the advantages of playing at ProphetX.
User-friendly Interface
ProphetX makes it easy for players of all experience levels. The user-friendly interface is laid out in a clear cut fashion. Navigation is simple, with everything you need just a click away. You can make your predictions seamlessly, browse through various sports, and find help if you need it with ease.
Unique Model
ProphetX is a sports betting exchange that operates on a sweepstakes model, which makes it available in many states, including several that don’t currently have online wagering. Users can make predictions on all of the major sports and pick types while taking more control over the odds compared to a traditional sportsbook.
Low Commissions
ProphetX takes a commission of only 3% on winning contests. This provides better value than the standard -110 betting lines you'll find at other sportsbooks. As an example, if your win is for $100, you’ll get $97. Meanwhile, a winning $100 wager at odds of -110 will net you $90.90, a substantial difference in profit margin.
Understanding prophetX and betting exchange platforms
Unlike conventional sportsbooks that pit bettors against the house, ProphetX allows users to predict outcomes and earn redeemable USD based on their forecasts.
How Peer-to-Peer Betting Operates
Traditional sportsbooks rely on:
- Bookmaker-set odds, where bettors wager against predetermined probabilities.
- Profits derived from built-in margins, regardless of the result.
In contrast, platforms like ProphetX employ a prediction exchange model:
- Users set their own prices for bets.
- The platform facilitates trades and charges a small commission.
This structure eliminates bookmaker margins, often leading to more competitive odds for users.
Benefits of Using a Sports Exchange
A platform like ProphetX offers enhanced control and adaptability for bettors. With the ability to support (YES) or oppose (NO) specific outcomes, users can hedge bets and manage their positions strategically. This transparent, market-driven approach is particularly appealing for seasoned bettors aiming to optimize their returns.
ProphetX also fosters an interactive and social betting environment, adding a layer of camaraderie and engagement to the prediction experience.
The Unique Sweepstake Model Behind ProphetX
ProphetX uses a sweepstakes gaming model.
How It Works
Users buy tokens (called Prophet Points) for no real value or cash (called Prophet Cash) to enter contests where they can redeem for real money.
Comparing ProphetX with Betfair and Pinnacle
When evaluating ProphetX alongside established platforms like Betfair and Pinnacle:
- Betfair: Renowned for its high liquidity and significant betting volumes.
- Pinnacle: Sets betting limits based on the market's size.
- ProphetX: Though new, it leverages robust liquidity providers to facilitate easy bet matching.
User Experience
- Betfair: Provides features like live betting and cash-out options, catering to seasoned bettors.
- Pinnacle: Offers low margins, delivering an exceptional experience for serious and value-focused players.
- ProphetX: Designed for simplicity, making it an excellent choice for beginners.
As ProphetX expands its user base, its ability to compete with these industry leaders will grow substantially.
Odds Shark
FinCertified Trust Factors: How We Rank ProphetX
When conducting reviews of betting platforms, the experienced Odds Shark team dives in deep with hands-on testing while focusing on what matters the most to players. We prioritize factors such as the competitiveness of odds, available betting options, payment methods, security, and the overall user experience.
Once we’ve completed the process, we break it down into Trust Factors that have been FinCertified, which means that they’ve received the Odds Shark seal of approval from our expert team. By following our strict parameters and structured evaluation process, only the best and safest sites earn their stripes. Here’s how ProphetX stacks up:
Trust Factor | Rating (1-5) | Details |
Security | 5 | Safe and secure with trusted payment methods. |
User Experience | 5 | User-friendly platform on both desktop and mobile. |
Betting Options | 4 | Great coverage of major sports, lacks niche options. |
Bonuses | 4 | Limited options beyonds sign-up offer and referrals. |
Payout Speed | 4 | Processes quickly after verification, limited options. |
What users are saying about prophetX
Best odds, great opportunities, set your own odds to be matched by other people.
It's a lot of fun. Been with them for over a year. Play for free or have the opportunity to redeem for real cash. Made many opportunities available I didn't know possible! Basically free $$$. Many +EV plays, very tight markets and more. This sweepstakes exchange is a must have. Lose less and win more as they say... it's true. - Phix Update App Store User
Good App for Good Lines!
Functionality very easy app to use and the deposit/withdrawal has been seamless. Lines are usually extremely competitive, though you do have to pay the 3% commission, something not on every exchange. Also, "rewards" are lacking as opposed to alternative exchanges. Still highly recommend as there is usually a very decent amount of liquidity for mainline bets and creating your own market for props or alt lines is exceptionally simple. Highly recommend! - Benny1560 App Store User
Future of Sports Betting
This is the future of sports betting. Don't be intimidated that it's a betting exchange. In practicality what that means for you is there's no limiting you, no more absurdly juiced lines, etc. The UI and app itself is amazing too, great group of developers pushing out more promos, markets and more features. -Chopnizzlemybizzlefashizzle App Store User
Real Opinion
I understand that this is an exchange and not a sports book. Giving it 5 stars because the odds are the best by far. But to bring people from fanduel, Draftkings etc you need more than just good oods. - RobertJZZ App Store User
Should you sign up for prophetX?
ProphetX’s unique features make it a great option for casual and regular bettors. If you stick to the major sports and pick types, you’ll be more than happy. It might not be the best fit for players who prefer to dive deep into niche sports or prefer a massive menu of futures.
The opportunity to take more control of odds while also paying lower commissions is highly appealing, but ProphetX could benefit from adding additional banking options. Ready to try your hand at ProphetX? Sign up here to check out all this innovative platform has to offer.
Betting Experience
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Deposit Methods
- Debit Card
- PayPal
- Visa
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Accepted Currencies
- USD