PROPHET LAUNCHES PRE-REGISTRATION FOR FIRST PURE PEER-TO-PEER SPORTS BETTING EXCHANGE

Prophet, the first pure peer-to-peer U.S. sports betting exchange, has announced the launch of pre-registration for ProphetExchange.com, the New Jersey-based exchange where customers can set prices for other users to bet on, or place bets on the prices already available. Supporting the pre-registration launch is Prophet’s first crowd-funded consumer campaign, “Exchange The Love”, a one-of-a-kind proposition which will reward early adopters of Prophet’s unique sports betting exchange by providing a deposit match bonus that will increase by $25 for each 500 new registrations.

“We are gearing up for the full consumer launch of Prophet in our home state of New Jersey and wanted to find a new way to reward everyone who joins Prophet at the pre-registration stage. “Exchange The Love” is the perfect way to achieve that,” commented Dean Sisun, Prophet’s CEO and co-founder. “This is an exciting time for Prophet, starting to welcome customers into our community, and “Exchange The Love” is a great way to say thank you to everyone who comes on board now. An exchange grows stronger with more active users – more liquidity equals better prices – which is why we wanted to create a campaign that allows users to help each other while also being incentivized for doing so. With that said, for every 500 people that sign up during our pre-registration phase, we’re going to increase the deposit match bonus for everyone by $25. That means that when we hit 5,000 new registrations, that deposit match bonus is going to be up at $250, and so on. The more people that come on board now, the more everyone gains.”