ProphetX News & Prediction Market Coverage
Track the latest ProphetX news across prediction markets. Prediction News is following 16 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
NFL urges CFTC to tighten sports prediction market rules as states assert jurisdiction
DealsProphetX raises $35M to scale sports-native prediction market and B2B platform
TradingProphetX raises $35M after launching CFTC-regulated sports prediction markets
OpinionProphetX raises $35m to expand sports prediction exchange
DealsFanatics acquires BGC exchange and clearinghouse to bring prediction markets in-house
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
TechPolymarket launches private-company betting markets
DealsSporttrade shutters betting exchange to await CFTC clearance for prediction markets
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.