ProphetX News & Prediction Market Coverage
Track the latest ProphetX news across prediction markets. Prediction News is following 32 active ProphetX stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Connecticut hits nine prediction markets with cease-and-desist orders
DealsLeBron James partners with Polymarket after DraftKings deal expires
TradingAGA forecasts flat $29.5 billion NFL wagering for 2026, blames prediction markets
LegalCFTC warns prediction markets to drop American-style moneyline odds
DealsProphetX partners with Agg Market to bring sports prediction markets to Solana
TradingKalshi shows blank slate for Olympiacos as rivals list Champions League odds
TradingKalshi traders price UNLV at 56% to beat Hawaii in Mountain West opener
DealsParlayX raises $1.25M pre-seed led by Dreamcraft for institutional push
TradingPennsylvania insider-trading questions surface as six prediction platforms operate in state
DealsProphetX brings sports prediction markets to Boom DFS app
LegalProphetX urges exchange-based model as state courts erode federal preemption
TradingKalshi signs exclusive, multi-year deal as official prediction market partner of US Open
StocksCME's Duffy clashes with CFTC chair and Kalshi at first event-contract advisory meeting
OpinionKalshi and Polymarket push into drug and TV betting amid insider-trading and tax warnings
LegalFliff and Onyx Odds file FCM registrations to enter CFTC-regulated prediction markets
LegalCFTC publishes market maker terms for Polymarket US
TradingCBS Sports previews NFL prediction market platforms for 2026 season
DealsPikkit taps ProphetX to add NFL, NBA prediction markets for its users
DealsProphetX adds prediction markets to EPICK fantasy app and Pikkit
TradingProphetX raises $35M after launching CFTC-regulated sports prediction markets
DealsFanatics acquires BGC exchange and clearinghouse, will partner on prediction markets
DealsProphetX raises $35M to scale sports-native prediction market
OpinionProphetX raises $35m to expand sports prediction exchange
LegalKalshi attacks Wisconsin election-betting ban as voter suppression
TradingWorld Cup drives record prediction market volumes as Congress weighs bans
TradingUnderdog launches standalone prediction market exchange UDX
DealsDraftKings launches in-house DKeX exchange, ending Crypto.com and CME partnerships
LegalProphetX urges CFTC to close regulatory gap on event contract access
Deals365Prediction applies for CFTC exchange and clearing licenses to enter sports prediction markets
LegalNovig wins CFTC approval to operate Ludlow Exchange as designated contract market
LegalCFTC proposes first formal prediction market rules, allows sports bets and bans war wagers
LegalNovig and ProphetX win CFTC approvals as sports-native prediction exchanges
Frequently Asked Questions
What is ProphetX?
ProphetX is a peer-to-peer sports prediction market exchange where users trade event contracts directly against each other rather than against a house.
Is ProphetX CFTC regulated?
Yes. ProphetX received CFTC approval as a DCM and DCO on June 11, 2026, and operates under federal oversight for sports event contracts.
How does ProphetX work?
Users buy and sell positions in open markets on sports outcomes, with prices determined by supply and demand in a marketplace model.
Which states is ProphetX available in?
ProphetX operates nationwide as a CFTC-licensed platform, excluding Nevada.
When did ProphetX launch its regulated platform?
ProphetX launched its CFTC-regulated sports prediction market within days of receiving DCM and DCO approvals on June 11, 2026.
What is the difference between ProphetX and a traditional sportsbook?
ProphetX is a user-driven exchange with variable market prices and no house odds, unlike traditional sportsbooks that set fixed lines and take the opposite side of bets.