Prophet Exchange Promo Code April 2024

Joseph Beguiristain Sports Betting Expert

8 minute read

New users to Prophet Exchange can

Prophet Exchange has launched a brand-new sports betting exchange in New Jersey! The legal sports betting site will then launch in Indiana sometime next year. The company has partnered with Caesars Entertainment in this endeavor.

As part of the initial rollout, a Prophet Exchange promo code should be released in conjunction with the Betprophet.co mobile app. This sports betting exchange is available via the web and mobile app for both iOS and Android. It can also be accessed through Prophet’s public API.

PROPHET EXCHANGE SPORTSBOOK RATING

CONTENTS

• Prophet Exchange Promo Code
• What is Prophet Exchange?
• How Does a Betting Exchange Differ from a Sportsbook?
• How to Claim the Prophet Exchange Welcome Promo?
• How to Sign up with Prophet Exchange
• What States Can You Bet Online with Prophet Exchange?
• Prophet Exchange App
• Prophet Exchange FAQ
• Prophet Exchange Conclusion

PROPHET EXCHANGE PROMO CODE

At this time, there isn't a Prophet promo code like VIBONUS connected with any particular offers. However, new players in New Jersey can

WHAT IS PROPHET EXCHANGE?

The Prophet Exchange is a brand new concept for legally betting on sports and sporting events. Fairly new to the US market, a sports exchange offers a betting system that allows players to buy, sell and trade positions.

The concept mirrors a stock market exchange where investors buy, sell and trade positions in a particular publicly traded company. Instead of stocks, the Prophet Exchange is trading betting options.

These options include point spreads, total lines and money line odds for the games. For example, a traditional sportsbook may post a six-point spread for Sunday’s big NFL showdown. That same game might be able to be bet at 5.5 points through the Prophet Exchange.

The use of a Prophet Exchange promo code will give bettors a chance to gain an even bigger edge on the betting lines for the games.

HOW DOES A BETTING EXCHANGE DIFFER FROM A SPORTSBOOK?

A sports betting exchange is a peer-to-peer system for betting on sports. Trading value hinges on demand and perceived worth. Players are able to dictate their own odds and buy, sell and trade accordingly.

The exchange acts as an intermediary while making its money on various transaction fees. The Prophet Exchange promo code can be used to enhance the betting experience.

A traditional sportsbook sets the betting odds for a particular game or sporting event and physically books the bets. When the bet is booked, a standard commission (vig or juice) is added to the amount of the wager. For example, a $100 bet on a particular game can actually cost $110.

If the bet wins, the player collects $100 plus the original $110 stake. If the bet loses, the $110 is lost. Sportsbooks make their money on the 10% commission.

HOW TO CLAIM THE PROPHET EXCHANGE WELCOME PROMO?

The initial Prophet Exchange Welcome Promo doesn't come with a promo code. Just sign up and opt in!

A full set of rules and regulations will accompany any future Prophet Exchange promo code and subsequent promotional offer. Make sure to also look for any referral code available!

HOW TO SIGN UP WITH PROPHET EXCHANGE

Signing up with Prophet Exchange is a simple process. Just remember that no promo code is needed to claim the welcome offer.

1. Head to Prophet Exchange's website or App by way of our links on this page.
2. Hit "register" at the top right-hand corner.
3. Enter your first name, last name, email address and make a password to create your account.
4. Lastly, enter your personal details so your account can be verified.

WHAT STATES CAN YOU BET ONLINE WITH PROPHET EXCHANGE?

Prophet Exchange is currently in New Jersey.

New Jersey sports betting has been extremely successful since it was first legalized in May, 2018. This has become the biggest legal sports betting market in the US in terms of monthly volume.

Prophet Exchange New Jersey is looking to gain an early edge in the sports betting exchange segment of the industry. Future company plans call for Prophet Indiana to go live soon. This is another strong market for betting on sports. Indiana sports betting has been routinely in the Top 5 when it comes to monthly betting volume since its launch in 2019.

In addition to Indiana, Prophet is also expected to go live in Ohio after the state launches sports betting in 2023.

While the rollout of betprophet.co will continue in 2023, no other specific markets have been announced. The use of a Prophet Exchange promo code might accompany any future launches.

PROPHET EXCHANGE NEW JERSEY

Staging the initial launch in the New Jersey sports betting market makes solid business sense. This NJ betting exchange is based in the Garden State after starting in the UK back in 2018. Dean Sisun is the co-founder and company CEO.

Prophet Exchange has partnered with Caesars Entertainment as another strong player in the New Jersey sports betting industry. Caesars also gives Prophet Exchange a strong footprint for expansion across the US.

PROPHET EXCHANGE INDIANA

Indiana will be the second state offering the Prophet Exchange online sports betting exchange. This will most likely take place in 2023.

The Indiana sports betting industry should be a favorable market for this new and unique online sports betting concept. Prophet Exchange Indiana will offer in-state players a brand new way to bet on the games. They can use the Prophet Exchange as intermediary as opposed to betting with traditional sportsbooks.

PROPHET EXCHANGE OHIO

Thanks to a partnership with the Columbus Blue Jackets, Prophet Exchange is aiming to launch in Ohio in the first half of 2023. The exchange betting model should bring something different to what is primed to be a big sports betting market in the Buckeye State.

PROPHET EXCHANGE APP

The Prophet Exchange App will be available for download on iOS and Android devices.

The total amount of money traded for each game is separated by a point spread, total line and money line wager. Players can quickly move to all of their positions through the My Bets tab. They can also check their account balance and browse all available betting lines.

PROPHET EXCHANGE FAQ

WHAT IS THE MAIN BENEFIT OF PROPHET EXCHANGE?

Overall flexibility in the betting lines is a major plus. Bettors can shop for the best lines as opposed to being locked into an online sportsbook’s betting lines and odds.

IS THE PROPHET EXCHANGE LEGAL?

Yes, the Prophet Exchange is legal where available. The NJ betting exchange and the IN betting exchange are tied to Caesars' sports betting license in each of these states.

DOES THE PROPHET EXCHANGE CHARGE A COMMISSION?

There is no commission added to wagers placed on the exchange. Every bet is on even money odds (+100) as opposed to the standard (-110) odds at online sportsbooks.

PROPHET EXCHANGE CONCLUSION

The Prophet exchange offers an exciting and innovative way to legally bet on sports. Launching in the New Jersey sports betting market should provide excellent exposure for the entire peer-to-peer betting experience.

Expanding to the Indiana sports betting market next year will extend that exposure to the perfect Midwest location.

Joseph Beguiristain

Joseph Beguiristain is a South Florida native with 10-plus years of sports media experience. Before joining VegasInsider in July 2021, he wrote for the Sun-Sentinel and Miami Heat. More from Joseph Beguiristain