ProphetX, America’s first federally regulated sports-native prediction market, announced the nationwide launch of its platform. The launch comes on the heels of the company’s landmark Commodity Futures Trading Commission (CFTC) approval as a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO).
“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. ProphetX puts customers first, delivering deeply liquid, competitively priced markets and the best user experience in the sports prediction market space,” said ProphetX CEO and Co-Founder Dean Sisun.
By obtaining dual registration as a DCM and DCO, ProphetX will operate a vertically integrated marketplace that allows users to directly trade, clear, and settle event-based contracts under comprehensive CFTC oversight.
Unlike sportsbooks, which are single-dealer models designed to profit when consumers lose, ProphetX is a true peer-to-peer exchange where users set their own prices, trade directly against one another, and pay a thin, transparent commission. ProphetX’s regulated market structure includes a proprietary Request for Quote (RFQ) Parlay Mechanism, which enables users to construct and price multi-event combinations directly with counterparties. The mechanism mirrors institutional trading protocols used in traditional financial markets, delivering flexibility, transparency, and competitive pricing to event-based contracts.
ProphetX is available on iOS and Android and accessible at www.prophetx.co. Users can begin trading immediately across a full slate of sports markets.
