ProphetX rolls out platform across the United States

• Across the United States, users can tap into ProphetX’s newly launched platform
• To launch its platform, the company obtained dual registration from the CFTC
• ProphetX CEO and Co-Founder Dean Sisun, comments

America’s first sports-native prediction market, ProphetX, hit a major milestone by launching its platform across the United States.

The platform offers a true peer-to-peer exchange

The landmark launch of the first federally regulated sports-native prediction market follows a dual approval from the U.S. Commodity Futures Trading Commission (CFTC).

Ultimately, ProphetX obtained approval as a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO).

Suchdual registration enables the company to operate a "vertically integrated marketplace that allows users to directly trade, clear, and settle event-based contracts under comprehensive CFTC oversight," as described in a statement released by ProphetX.

While sports books offer a single-dealer models that profit when a user loses their wager, ProphetX delivers a true peer-to-peer exchange.

Tapping into this exchange, users can set their own prices and trade against each other, while paying a marginal and transparent commission.

Currently, ProphetX uses a proprietary Request for Quote (RFQ) Parlay Mechanism that allows users to construct and price multi-event combinations with their opponents.

This innovative and reliable mechanism mirrors trading protocols used in traditional financial markets, while ensuring transparency, flexibility and competitive prices for event-based contracts.

Just like ProphetX, Novig recently obtained a CFTC designation, hitting a major milestone in its growth.

ProphetX’s launch comes during a packed sports calendar

Dean Sisun ProphetX’s CEO and Co-Founder, spoke with excitement about the latest accomplishment.

"At one of the most exciting moments in the sports calendar, ProphetX is now available nationwide for more American sports fans to trade on our faster, transparent, and fully regulated exchange where the market sets the price — not the house," he explained.

Moreover, Sisun pointed out: "ProphetX puts customers first, delivering deeply liquid, competitively priced markets and the best user experience in the sports prediction market space."

The launch of ProphetX across the country comes during a packed sports calendar.

As the MLB is in full swing, the FIFA World Cup has already kicked off, engaging with millions of football fans and gamblers alike.

At the same time, on the same day ProphetX launched its platform nationwide, the U.S. Open golf championship started.

Undoubtedly, this strategic launch is expected to propel ProphetX’s presence, reaching traders and sports fans across the country.

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