What is the ProphetX welcome offer?

New users who sign up with code TXPREDICTS and trade $10 receive a $20 bonus. It is a trade-and-get offer, so the requirement is trading activity rather than a large deposit.

What can you trade on ProphetX?

Sports only. NFL, NBA, MLB, college football and other game and player markets are listed, but there are no politics, economics, weather or culture contracts. For those, Texans use Kalshi or Polymarket.

How does ProphetX make money if there is no vig?

ProphetX charges a commission on winning positions instead of building a margin into the price. That is why the same call can pay out more than a house-priced product on the same game.

Is ProphetX still a sweepstakes app?

No. ProphetX retired the sweepstakes model after the CFTC approved it as a full exchange in 2026. You deposit dollars and trade contracts — there are no coins, sweeps or promotional currencies.

Independent review · Texas

ProphetX review 2026

Name: ProphetX review
Item: ProphetX
Rating: 4.5
Author: Catie Di Stefano

The sports-only exchange built for game day

Our verdict

8.8/ 10

4.5/5

Trade on ProphetX

ProphetX is the sports specialist of the group: a CFTC-licensed exchange and clearing house that trades nothing but sports event contracts. Pricing is peer-to-peer with no vig built into the number, and the app is the most sports-native of any platform Texans can use. If politics and weather are not your thing, this is the account to open.

Best for

NFL, NBA, college football and player-prop style contracts, traders who want no-vig pricing

Not for

Politics, elections, weather, ERCOT or any non-sports market

Tested with a funded account Last verified August 7, 2026How we score platforms

Written by

Catie Di Stefano

Founder & Editor-in-Chief

Fact-checkedUpdated August 7, 2026

Affiliate disclosure: we may earn a commission if you sign up via links on this page. Commissions do not influence editorial rankings, market selection, or analysis.

Rating breakdown

Liquidity8.5

Peer-to-peer sports books with no built-in vig; deepest on NFL, NBA and CFB game lines.

Fees9.0

Commission charged on winnings rather than baked into the price — the cheapest way to take a side.

App & UX9.0

Sports-native app: game lines, player props and a live price graph on every market.

Deposits & payouts8.5

USD deposits from a Texas bank or card; withdrawals back to the same method.

Texas fit9.0

CFTC-licensed exchange and clearing house, live nationwide — Texans included.

Quick facts

Regulator: CFTC-licensed DCM & DCO
Texas status: Available nationwide, 18+
Funding: Bank transfer, debit card
Markets: Sports only
Welcome offer: Trade $10, get $20 (code TXPREDICTS)

Trade on ProphetX

Pros

CFTC-licensed as both a designated contract market and a clearing organization
Live nationwide, including Texas — no sweepstakes model, no workaround
Peer-to-peer pricing with no vig baked into the market price
Sports-native app with game lines, player markets and live price graphs
Trade $10, get $20 welcome offer with code TXPREDICTS

Cons

Sports only — no politics, economics, weather or culture markets
Newer book, so liquidity outside marquee games is still building
Commission applies on winning positions, so factor it into thin edges

What ProphetX actually is

ProphetX is a sports prediction market. You trade Yes/No event contracts on games with other traders, and the contract settles at $1.00 or $0.00 once the result is official. The CFTC licensed ProphetX to run and clear its own exchange in 2026, which is why it now operates nationwide.

The important part for Texans: this is a federally regulated derivatives venue, not a sportsbook and not a sweepstakes app. That is the same legal footing Kalshi and Polymarket stand on.

No vig, and what that means in practice

Because pricing comes from other traders rather than a house line, ProphetX does not bake a margin into the price you see. Your cost is the commission taken on winning positions plus whatever spread the book is showing.

In plain terms: the same call on the same game can pay you more than a house-priced product would, which is exactly what the platform means by 'same moments, bigger payouts'.

The full commission math is in our ProphetX fees guide.

Sports only — pick your second account carefully

ProphetX lists sports and nothing else. There are no Texas weather contracts, no ERCOT grid markets, no 2026 ballot contracts.

Most Texans who trade beyond sports pair ProphetX with Kalshi for weather and politics, or Polymarket for the deepest political books.

For the sign-up and first-trade walkthrough, read how to use ProphetX from Texas.

Who should pick ProphetX

Open ProphetX first if your trading is Cowboys, Texans, Longhorns, Aggies, Astros, Rangers, Mavericks and Rockets — game after game, all season.

The trade $10, get $20 welcome offer with code TXPREDICTS is the cheapest way to test whether the pricing works for you.

Trading the NFL season? Start with our Cowboys & Texans Super Bowl odds guide.

Ready to try ProphetX?

Texans 21+ · CFTC-regulated event contracts · start from $1

Trade on 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.

Related guides

Still deciding? Compare all three platforms side by side or read the other reviews.

Sources & references

Frequently asked questions

Yes. ProphetX is licensed by the CFTC as a designated contract market and clearing organization, so its sports event contracts are federally regulated derivatives rather than sports bets. Texans can trade on it, and it is live nationwide.