ProphetX Sports Exchange & Sweepstakes App Review | November 2024

ProphetX (formerly Prophet Exchange) is back and better than ever! The sports betting exchange has relaunched using an innovative sweepstakes model, and it’s now available in nearly 40 states across the U.S.

In this in-depth review, we’ll cover everything you need to know about ProphetX Sports Exchange, including how it works, what sets it apart from traditional sportsbooks, and why you may want to consider giving it a try! Now, let’s dive right in.

Author’s Take: Should You Try ProphetX Sports Betting?

“After getting a chance to try ProphetX, I found it to be a great option for online sports betting in the U.S.

They offer some of the best odds out there and don’t limit winning bettors, which is a big win for serious players. Plus, the mobile app is super user-friendly, making it easy to place bets no matter where you are.

That said, there are a few downsides to keep in mind. They don’t currently have a welcome bonus, which might be a letdown for newcomers. Also, the lack of parlays and teasers can limit some betting strategies.

Overall, ProphetX is a solid choice for those looking for competitive odds and a straightforward betting app, but there’s definitely room for improvement.”

– Peyton Powell (Sportsbook & Casino Editor at ATS.io)

Fact Checked By: Mike McDermott

Ratings Breakdown

Pros & Cons

What Is ProphetX Sports Exchange? A Quick Overview

Prophet Exchange launched in August 2022 as an innovative platform that transforms the way people bet on sports.

Unlike traditional sportsbooks where users bet against the house, ProphetX allows users to either place bets or set their own odds for others to bet on. This peer-to-peer model ensures that you can always find the best possible odds, as they are determined by the market rather than a fixed bookmaker’s margin.

In 2023, the platform rebranded as ProphetX and introduced a unique sweepstakes model, making it legal and available in nearly 40 different states across the U.S.

How Does It Work? Prophet Points vs Prophet Cash

Have you ever heard of social sportsbooks like Fliff, Sportzino, or Rebet? Well, ProphetX works the exact same way.

Instead of having you wager real money, the ProphetX betting app uses two different types of virtual currency: Prophet Points (aka Gold Coins) and Prophet Cash (aka Sweeps Coins).

• Prophet Points: Prophet Points are the “play-for-fun” currency. They hold no monetary value and are intended to be used for entertainment purposes only.
• Prophet Cash: Prophet Cash, on the other hand, represents free entries into the sportsbook’s promotional sweepstakes contests. In other words, once you’ve won enough, you can redeem it directly for real cash prizes.

You can claim free Prophet Cash through social media giveaways and mail-in entries. Also, you can buy Prophet Points at any time, and you’ll receive free Prophet Cash as an added bonus!

ProphetX Promo Code & Sign Up Bonus – 1/5 Rating

Unfortunately, ProphetX does not provide a sign-up bonus or welcome offer at this time. Instead, the sportsbook focuses on offering value over the long term by providing some of the best odds in the industry.

That said, I was a bit disappointed. Most social sportsbook and sweepstakes betting apps will offer a no-deposit bonus or first-purchase bonus to attract new users.

Unfortunately, ProphetX doesn’t have that right now; the only promotion available is their “Refer A Friend” program, which gives you 10 Prophet Cash for every new user who signs up with your referral code. While that’s useful, it feels a bit limited compared to what other platforms offer.

Banking Options: Deposits & Withdrawals – 3/5 Rating

ProphetX is a sweepstakes app, not a real-money sportsbook. As a result, you cannot make traditional deposits or withdrawals. Instead, you’ll be able to purchase Prophet Points and redeem Prophet Cash for cash prizes.

In the tables below, you’ll find a complete overview of the payment options and prize redemption methods available at ProphetX Sportsbook, along with some other important information you should be aware of!

Payment Methods

Payment Method 💳	Min. Purchase ⬇️	Max. Purchase ⬆️	Fees 💰
Visa	$10.00	$2,500.00	None
Online Banking (Trustly)	$10.00	$2,500.00	None
PayNearMe	$10.00	$2,500.00	None

*Note: All Prophet Point purchases include FREE Prophet Cash as an added bonus.

Prize Redemptions

Prize Redemption Method 🎁	Min. Redemption 💵	Payout Time ⏰
Online Banking (Trustly)	$10.00	1-4 Business Days

*Note: Most prize redemptions are processed within a few hours. However, in some cases, it can take up to five business days based on the redemption method chosen and the time at which the request was made.

Mobile App & User Experience – 5/5 Rating

ProphetX Sportsbook currently offers a dedicated mobile app for both iOS and Android devices. You can download either one for free using the links we’ve provided in the next section!

During my ProphetX review, I tried out the app on my iPhone, and I was really impressed with how easy it is to use.

Navigating through the app was seamless, and switching between the sportsbook’s two game modes was effortless. This allows you to easily flip between practicing with Prophet Points and competing for real money prizes with Prophet Cash!

I also liked how easy it was to set your own odds and accept bets from other players. The app has a clean and modern design, and I found it reliable with quick loading times and minimal lag—important for live betting!

Everything is laid out clearly, so it’s easy to find what you need without feeling lost. Plus, if you prefer using a larger screen, there’s a website version that offers the same features. Overall, I’d rate the mobile app experience a perfect 5/5!

ProphetX App Ratings for iPhone & Android

ProphetX Sportsbook Betting Options – 3/5 Rating

Although ProphetX deserves a ton of credit for offering some of the best odds in the industry and not limiting winning bettors, the sweepstakes app comes up a bit short in this next category.

Compared to most traditional sportsbooks, the betting options at ProphetX are somewhat limited. To show you what we mean, let’s take a quick look at the sports and leagues covered as well as the different types of wagers offered on the platform:

Sports & Leagues Covered

As you can see, ProphetX covers the “Big Four” American sports leagues (NFL, NBA, MLB, and NHL) as well as college basketball, college football, MMA, golf, and a handful of popular soccer leagues.

For the average fan, this is more than enough to keep them engaged throughout the year. However, those who are interested in placing wagers on the WNBA, UFL, NASCAR, F1, tennis, cricket, or other less mainstream options may need to look elsewhere for their online betting needs.

Types of Bets Offered

In addition, ProphetX only offers the following types of wagers:

• Moneylines
• Spreads
• Totals (Over/Under)
• Player Props
• Game Props
• Futures

However, there are no teasers, parlays, or same-game parlays available on ProphetX Sportsbook right now.

Plus, the prop markets and alternate lines are pretty limited compared to what you might find on other sportsbooks, which could be a downside if you’re looking for more variety in your bets.

That said, I have to give ProphetX credit for their surprisingly good live betting experience. Being able to place bets in real time as the action unfolds really adds to the thrill of sports betting.

While the selection of bet types might be a bit limited, the live betting feature makes it feel much more interactive and exciting.

Safety, Security, & Fairness – 5/5 Rating

When you’re picking an online sportsbook or sweepstakes app, three key factors really matter: safety, security, and fairness. ProphetX does an excellent job in all these areas, giving you peace of mind while you enjoy your betting experience.

First off, the platform uses strong encryption technology to keep your personal and financial information safe. You can bet with confidence, knowing that your data is protected.

When it comes to fairness, ProphetX stands out with its peer-to-peer betting model, where users set their own odds. This creates a more level playing field and makes the betting experience more interactive and engaging.

Plus, ProphetX Sportsbook operates legally under sweepstakes laws in the United States, ensuring that it adheres to all necessary regulations. This means you can trust that the platform is compliant and operates with integrity.

Overall, it’s clear that ProphetX deserves a perfect 5/5 rating in this crucial category. Allow me to explain why in further detail by answering a few other important questions on the topic!

Is ProphetX Sports Betting Legit?

Yes, ProphetX is a legitimate social sportsbook that operates under U.S. sweepstakes laws, ensuring compliance with all regulations. The platform also promotes transparency and provides strong customer support, building trust among users.

Overall, it’s a reliable choice for anyone who enjoys predicting the outcomes of sporting events, and it’s especially appealing for those living in states where traditional sports betting is not yet available.

Where Is ProphetX Sweepstakes Legal? Full List of U.S. States

The ProphetX Sports Exchange app is currently legal in 39 of the 50 U.S. states. The only exceptions are:

• Alabama
• Colorado
• Idaho
• Kentucky
• Louisiana
• Michigan
• Montana
• Nevada
• Ohio
• Tennessee
• Washington

As long as you’re physically located in an eligible U.S. state (i.e., those not listed above), you can make sports predictions at ProphetX Sportsbook and have the chance to win real cash prizes through exciting sweepstakes-style promotions!

ProphetX Customer Service & Support – 4/5 Rating

Do you have any questions, problems, or concerns? Don’t worry! The ProphetX customer support team is ready to assist! You can seek help in the following ways:

• Live Chat: N/A
• Email: [email protected]
• Submit A Request: Click Here
• Phone: (866) 686-0377
• Other: ProphetX FAQ Page & Help Center

During my review, I reached out by submitting a request on their website, and I was really impressed by how quickly they got back to me. The support team was friendly and helpful, answering all of my questions quickly and effectively!

How Does It Compare to Other Sweepstakes Sportsbooks?

After learning all about ProphetX, are you wondering how it compares to other sweepstakes sportsbooks and social betting apps? Well, let’s find out!

ProphetX vs Fliff

Fliff is the most popular social sportsbook in the United States today.

When you compare it to ProphetX, Fliff definitely has the edge with its generous welcome offer for new users and a broader range of sports prediction markets. This makes it a great option for anyone wanting to explore different betting opportunities right from the get-go.

On the other hand, ProphetX shines with its competitive odds, which often beat those of other sportsbooks. Plus, its unique peer-to-peer betting model lets users set their own odds, making for a more interactive experience.

Ultimately, both platforms have their perks, so it really comes down to what you’re looking for!

ProphetX vs Sportzino

Another popular option is Sportzino!

While ProphetX deserves credit for its user-friendly mobile app and great odds, Sportzino has the upper hand with its daily odds boosts, which can really give your bets a nice boost. Plus, if you enjoy casino games, Sportzino has a solid selection to keep things exciting.

So, while ProphetX offers a straightforward betting experience, Sportzino’s combination of better odds and fun gaming options makes it a strong choice for those looking for a bit more variety.

ProphetX vs Novig

Last but not least, we have the Novig app!

Both platforms started as sports betting exchanges before shifting to a sweepstakes model, which has helped them reach more users across the U.S. Novig has a clear advantage with its no-deposit bonus and plenty of ongoing promotions for everyday bettors, which can really improve your experience.

On the other hand, ProphetX stands out with its great mobile app, which is easy to use. It lets you place bets quickly and find what you need without any hassle. In the end, it seems like you can’t go wrong with either option!

How To Sign Up & Create a ProphetX Betting Account

Final Thoughts & Overall Rating: 3.5/5.0

You’ve reached the end of my ProphetX review! I hope you enjoyed it (or at least learned something valuable).

So, it’s safe to say that ProphetX is one of the top social sportsbooks and sweepstakes betting apps out there, thanks to its fantastic odds, wide availability across the U.S., and quick, hassle-free prize redemptions. These features make it a great choice for both new and experienced bettors.

That said, I’d love to see them add more bonuses and promotions, along with options for parlay and teaser bets. Overall, ProphetX is a strong player in the market, and I’m excited to see how they continue to grow and improve!

ProphetX Sports Betting FAQ