What do I need to open an account?

A US address, a government ID for verification, and a funding method in your own name. ProphetX is available nationwide, so a Texas address is fine.

How do I place my first trade?

Pick a game, choose the side you want, set your size, and confirm. The price you see is the implied probability; the contract settles at $1.00 if you are right and $0.00 if you are not.

Can I sell a position before the game ends?

Yes. Contracts trade continuously while the market is open, including in-game, so you can take profit or cut a position without waiting for the final whistle.

How do withdrawals work?

Withdrawals return to your original funding method. Bank withdrawals typically settle in a couple of business days.

How to Use ProphetX From Texas

Short answer: download ProphetX, register with code TXPREDICTS, pass identity verification, deposit by bank transfer or debit card, then buy a side on any listed game. Ten minutes, start to finish, and Texas is fully covered because ProphetX is CFTC-licensed and live nationwide.

Step 1 — Register with the code

Open ProphetX through a current referral link and enter TXPREDICTS on the sign-up screen. The code has to go in during registration; it can't normally be attached to an existing account afterwards.

Step 2 — Verify your identity

You'll need your legal name, date of birth, the last digits of your SSN and a government ID. This is standard for a CFTC-regulated venue and usually clears in a couple of minutes. A Texas address is fine.

Step 3 — Deposit

Fund by bank transfer or debit card in US dollars. There are no coins, sweeps or promotional currencies — the sweepstakes model was retired when ProphetX became a licensed exchange. Deposit $10 and you're already inside the welcome-offer threshold.

Step 4 — Place your first trade

Pick a game, choose a side, and look at the price. Every contract trades between $0.01 and $0.99 and settles at $1.00 if it's right — so the price reads directly as an implied probability. Because pricing is peer-to-peer, there's no house margin buried in that number.

Set your size and confirm. Your position appears in the portfolio with a live mark-to-market value.

Step 5 — Sell early or hold to settlement

You don't have to wait for the final whistle. Contracts trade while the market is open, including in-game, so you can take profit on a lead or cut a position that's gone against you. That flexibility is the single biggest practical difference from a fixed-price ticket.

Step 6 — Withdraw

Withdrawals return to the funding method you deposited from and typically settle in a couple of business days. Texas has no state income tax, so profits are only reportable federally — see ProphetX taxes for Texans.

Open ProphetX

Subject to regulatory approval. Limited time offer. T&Cs Apply. 18+ only. Restrictions and eligibility requirements apply. ProphetX is a CFTC-regulated sports prediction market, not a sportsbook. Event contract trading involves significant risk and is not appropriate for everyone. 100% loss can occur. Not available in all jurisdictions.

Sources & references

More: ProphetX fees · ProphetX promo code · Full ProphetX review

Frequently asked questions

Open ProphetX through a current referral link, enter code TXPREDICTS at registration, verify your identity, then fund the account by bank transfer or debit card. The whole flow takes under ten minutes.