ProphetX: How the US Sports Prediction Exchange Works
ProphetX is a sports prediction exchange in the United States. Users trade contracts on game outcomes with each other, and the platform makes money from trading fees rather than from customers' losses. This guide explains how it works, how money goes in and out, and why it is not open to Malaysian users.
A Regulated Sports Exchange
ProphetX ran on a sweepstakes model before applying to US regulators. In June 2026 the Commodity Futures Trading Commission (CFTC) approved it both as an exchange (a designated contract market) and as a clearing house, so it settles its own trades. It launched its regulated exchange across the US later that month. Like other prediction markets, its contracts pay a fixed amount if an outcome happens and nothing if it does not, and the price works as the market's estimate of the chance.
What You Can Trade
According to ProphetX's help centre, it lists moneyline, spread and total markets on the major US leagues, college football and basketball, UFC and tennis. For football (soccer), it offers two-way winner, spread and total markets on the English Premier League, La Liga, Serie A, the Bundesliga, Ligue 1, MLS, the Champions League and the Europa League. It also has props, futures, golf and NASCAR markets, live trading on its main markets, and a small number of politics and economics markets.
How Orders Work
- Market order. You take the best price currently available and are filled straight away.
- Limit order. You set a better price than the market is offering. Your order waits on the exchange until another user takes it, or until you cancel.
- Partial fills. A large order can be filled in pieces, with the rest left waiting.
Because users set prices for each other, you can sometimes get a better price than a sportsbook would offer, especially in busy markets. In quiet markets, there may be little to trade against.
Fees, Deposits and Withdrawals
ProphetX publishes separate fee schedules for straight trades and parlays on its trading fees page, last updated in November 2026, so check the current schedule before you trade. Market makers who trade through its API can trade without fees.
Deposits start at 10 US dollars. Its help centre lists debit cards (credit cards are not accepted), Apple Pay and Google Pay, cash at US retail stores, online banking, wire transfer, and crypto through a payment partner. Deposits must come from an account in your own name.
Can Malaysians Use ProphetX?
No. Identity checks ask for a US Social Security number and US-issued identity documents, and ProphetX blocks access from restricted locations and networks. It is not available to users in Malaysia, and it is not licensed here.
ProphetX vs Novig
| Point | ProphetX | Novig |
|---|---|---|
| Regulation | CFTC exchange and clearing house, approved June 2026 | CFTC exchange, approved June 2026 |
| Markets | Mostly sport, plus a few politics and economics markets | Sports only |
| Fees | Published schedules for straight trades and parlays | No fee on pre-game straight trades; fees on live, futures and parlays |
| Open to Malaysia | No | No |
Both work the same basic way: users trade against each other and the platform charges fees, where a bookmaker builds its margin into the odds. Our Novig guide covers its fee formula in detail.
Frequently Asked Questions
What is ProphetX?
A sports prediction exchange in the United States, regulated by the Commodity Futures Trading Commission, where users trade contracts on game outcomes with each other instead of betting against a bookmaker.
Can I use ProphetX from Malaysia?
No. Identity checks require a US Social Security number and US-issued documents, and access is blocked from restricted locations. It is not licensed in Malaysia.
Is ProphetX regulated?
Yes, in the US. The CFTC approved it as a designated contract market and as a derivatives clearing organisation in June 2026, and it launched its regulated exchange later that month.
What sports can you trade on ProphetX?
The major US leagues, college football and basketball, UFC, tennis, golf and NASCAR, plus the top European football leagues, MLS, the Champions League and the Europa League.
What is the minimum deposit on ProphetX?
10 US dollars. It accepts debit cards, Apple Pay, Google Pay, cash at US retail stores, online banking, wire transfer and crypto through a payment partner, but not credit cards.
How is ProphetX different from Novig?
Both are CFTC-regulated US exchanges where users trade with each other. ProphetX also clears its own trades and lists a few non-sports markets, while Novig lists sport only and charges no fee on pre-game straight trades.