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ProphetX is the first federally regulated, sports-native prediction market exchange in the United States, and it is now live nationwide. Instead of betting against the house like a traditional sportsbook, you trade against other users at prices set by the market, which often beats the number a book will post. New users who sign up with promo code PIKKIT can trade $10 and get $20 in trading bonus. You can see the full current offer and terms on our ProphetX promo code page.
PROPHETX SIGN-UP OFFER: Trade $10, get $20 in trading bonus with code PIKKIT
ProphetX is a peer-to-peer sports betting exchange and prediction market. Rather than setting odds and taking the other side of your wager, it matches you against other users in a live marketplace. Founded in 2018 and rebuilt for the modern market, ProphetX reached a milestone in June 2026 when it became the first sports-native exchange to win approval from the Commodity Futures Trading Commission (CFTC). That federal approval is what lets it operate nationwide, rather than launching one state at a time the way a licensed sportsbook has to.
This is a meaningful change from how ProphetX worked at its 2024 relaunch, when access was limited and the model looked closer to a sweepstakes product. Today it is a CFTC-regulated exchange available across most of the country.
ProphetX runs on back-and-lay trading. A back position wins if an outcome happens. A lay position wins if it does not, which lets you take the side a sportsbook normally holds. Because prices are set by supply and demand instead of a fixed house line, you can often find better numbers than a book posts.
Here is a simple example. Say the Kansas City Chiefs are -200 on the moneyline at a traditional sportsbook and you want a better price. On ProphetX you can offer to back them at -175. Another user can match your full stake, match part of it, or pass, in which case you take the best available offer in that market. You set the price you want and let the market meet you there.
ProphetX does not build a margin into its prices the way a sportsbook builds in vig. It makes money by charging a small commission instead. Three things to know:
For bettors focused on long-term results, that structure matters. Shopping lines and taking a +3.5 where other books offer +3 is how you protect a bankroll over time, and an exchange makes those price improvements easier to find.
Because it operates as a CFTC-regulated exchange rather than under state-by-state sportsbook licenses, ProphetX is available across most of the country and is live in roughly 49 states. It uses identity verification and geolocation to confirm you are in an approved state before you trade. Availability can change, so confirm current access in the ProphetX app before you deposit.
ProphetX is available on iOS and Android and is built like a trading platform wrapped in the feel of a betting app. An order book and price inputs sit at the center of the experience, but the interface stays familiar for anyone coming from a sportsbook. It also offers a Request for Quote (RFQ) parlay mechanism that lets you build and price multi-event combinations directly with other users. The apps are well rated, at 4.8 on the App Store and 4.6 on Google Play. ProphetX has also said it does not limit winning players and welcomes strategies such as arbitrage and matched betting.
New users who sign up through Pikkit with promo code PIKKIT can claim the current Trade $10, Get $20 offer. Here is how to claim it:
PROPHETX SIGN-UP OFFER: Get $20 in trading bonus with code PIKKIT
Once you are trading on ProphetX, connect your account to Pikkit through BookSync to track every position automatically. You will see your true ProphetX ROI and closing line value next to every other book and market you use. New to the connection process? Follow our step-by-step guide on how to sync ProphetX to Pikkit.
Download Pikkit to start tracking your ProphetX trades.
No. ProphetX is a peer-to-peer betting exchange and prediction market. It matches you against other users rather than taking your bet like a sportsbook, and prices are set by the market.
Yes. ProphetX operates nationwide as a CFTC-regulated prediction market for sports, licensed at the federal level rather than under individual state sportsbook rules. Availability can still vary by state, so confirm access in the app.
Use promo code PIKKIT when you sign up to claim the current Trade $10, Get $20 in trading bonus offer.
ProphetX charges a small commission on net winnings, typically around 2 percent, instead of building a margin into the odds.
ProphetX provides responsible gaming tools including deposit limits and self-exclusion. If you or someone you know has a gambling problem, call 1-800-GAMBLER.
Last updated: July 2026. Must be of legal age and physically located in an eligible state. Offers subject to change. Terms and conditions apply.
