Operators / ProphetX
ProphetX
Exchange · ProphetX, Inc. · United States (HQ city not stated on site)[1]
CFTC-regulated, registered as a Designated Contract Market and Derivatives Clearing Organization per its own site. Charges a 2% fee on winnings only; does not trade against participants. Not currently operating in Nevada per its site as of this research pass.
Brands
- ProphetX — Sports (online), Prediction markets
Regulatory actions
| Date | State | Action | Amount | What happened |
|---|---|---|---|---|
| Apr 17, 2025 | Arizona | Cease and desist Sports (online) | The Arizona Department of Gaming issued a cease-and-desist letter to the peer-to-peer sports wagering exchange ProphetX, alleging unlicensed gambling activity in violation of Arizona's promotion-of-gambling and related criminal statutes. Reported in the press; no regulator document found.[2] |
Sources
- ProphetX · retrieved Oct 10, 2026
- Arizona Department of Gaming Issues Multiple Cease-and-Desists · retrieved Oct 11, 2026