ProphetX News & Prediction Market Coverage
Track the latest ProphetX news across prediction markets. Prediction News is following 48 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
DraftKings CEO Jason Robins to speak at NEXTPredict 2026 event-contracts conference
LegalCFTC issues twin proposals classifying event contracts as swaps
LegalCFTC blocks Novig and ProphetX from listing self-certified scorigami and micro sports contracts
DealsKalshi pairs with Signify Group to monitor athlete abuse tied to event contracts
DealsProphetX partners with Juice Reel to integrate CFTC-regulated prediction markets
TradingPrediction markets post record $78.2B monthly volume on four straight weekly highs
LegalConnecticut cease-and-desist orders push Gemini, Prophet X, and WeBull to exit state
LegalProphetX files CFTC contracts on rival exchange trading volumes
TradingNFL Week 3 prediction markets hit $8.5B weekend volume with Kalshi in lead
LegalOhio casino commission sends 10 cease-and-desist notices to prediction market operators over sports event contracts
StocksGalaxy Research: 69% of retail Polymarket accounts lost money
DealsProphetX partners with Plaee to speed operator onboarding for sports event contracts
LegalNew Mexico and Maine tribes warn prediction markets threaten gaming compacts
LegalCFTC exempts non-custodial prediction market software from broker registration
OpinionStudy of 59 betting sites finds prediction markets cheapest on fees
LegalKalshi asks CFTC to approve margin trading on event contracts
DealsLeBron James signs $15M-a-year Polymarket deal after DraftKings contract ends
DataSocGen midterm forecast incorporates Kalshi and Polymarket pricing
LegalNFL commissioner Goodell calls for tighter rules on prediction markets
LegalUnderdog sues Connecticut to block sports event contract crackdown
TradingPrediction markets seize 27% of U.S. sports betting volume in World Cup surge
LegalConnecticut orders nine prediction markets to halt sports contracts
TradingKalshi Fed hike odds hit 88% as Polymarket holds $50M on no change
StocksPolymarket Clarity Act odds crater to 14% as Democrats balk at GOP ethics terms
DealsStork Market Data launches with Kalshi distribution license
LegalTribal leaders push Senate to add prediction market limits to Clarity Act
TradingCollege football prediction market trading reaches $790M
TradingPolymarket and Kalshi target NFL season and midterms for fall growth
LegalArizona and Pennsylvania counties ban election staff from prediction market bets before midterms
LegalEU watchdog ESMA warns prediction markets pose manipulation and insider trading risks
TradingKalshi traders price Jack Lowden's Bond casting odds at 61% after Gary Oldman interview
TradingAGA forecasts flat $29.5 billion NFL wagering for 2026, blames prediction markets
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
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.