Sports betting enthusiasts looking for a new way to wager have a unique option in ProphetX, a peer-to-peer exchange that allows you to take wagers at better odds than you'd get at a traditional sportsbook.
Founded in 2018 but re-launched in 2024, ProphetX differs from the traditional books such as FanDuel and Caesars in that you're not playing against "the house" – you're playing against other bettors. The app acts as an exchange to offer bets to other users at whatever price you'd like.
Users signing up for the first time through Pikkit can take advantage of a generous sign-up offer that gives the user 2 percent of each of their bets back in Prophet Cash – for up to 30 days or 300 total dollars. In other words, for every $100 of Prophet Cash you wager, you'll get $2 back until either 30 days have gone by, or you've gotten $300 total back in promotional cash.
All you have to do is sign up at the link below and use the promo code PIKKIT at sign-up.
PROPHETX SIGN-UP OFFER: Get up to $300 back in Prophet Cash!
So just what is a peer-to-peer betting exchange? Think of it as a digital marketplace, where you can offer a different user the opportunity to match whatever bet you want to make. Say, for example, the Kansas City Chiefs are -200 on the moneyline at another sportsbook, and you want to take them at a cheaper price. At ProphetX, you can propose the price of -175. Then, another user can either match your stake, match a portion of your stake, or decline it – in which case you'd need to take someone else's offer in that market.
Since the "house" isn't risking the money, they only take a small percent stake of each winning bet on their platform, and nothing on a loss. A traditional vigorish, or "vig," when you bet against a sportsbook is traditionally much higher and is taken on all bets, not just winners.
Simply put, if sports bettors want to be profitable over the long term, they need to be shopping lines across a variety of sportsbooks, and taking a +3.5 where every other book is offering a +3. ProphetX gives bettors an opportunity to take advantage of price differences, save money and manage bankroll.
Another way ProphetX stands out is that they pride themselves on being user-friendly to all players. Not only does the exchange format of the app take away the "vig" that large sportsbooks charge when betting against the house, ProphetX's founders have said that they will not limit players, and they welcome sharp betting strategies such as arbitrage or match betting.
Users signing up for ProphetX for the first time can enjoy Pikkit's promotional offer for the first 30 days of use. Simply sign up at our link and use the code PIKKIT to get paid back 2 percent of every bet you make.
Similar to Fliff and Rebet, ProphetX is a cash sweepstakes book, which means that you have to buy "Prophet Cash" at a 1:1 ratio, which can then be wagered and redeemed for USD.
Pikkit (and sports betting) is best when you have multiple sportsbooks to take advantage of various bet types, lines and promotions. Sign up for accounts with our featured partners, including Fanatics and Bet365, to get access to awesome signup bonuses!
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Since ProphetX is a sweepstakes and not a sportsbook, it is legal in many more states, 39 to be exact.
Prophet X is legal in Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, and Wyoming.
