Comparison note

ProphetX

DCM + DCO June 2026 — confirm eligibility

Sports-native venue with CFTC DCM and DCO registrations in June 2026.

ProphetX is a sports-native prediction-market venue that, as of June 2026 CFTC filings, is both a Designated Contract Market and a Derivatives Clearing Organization. Direct-access and fully collateralized, on its own terms. Dated comparison note. Not an onboarding path.

Regulated
Cents / $0–$1
DCM June 11, 2026 · DCO June 10, 2026. Confirm eligibility.
As of Oct 2026

Illustrative cents / $0–$1 shares — not a live book. Comparison listing only · how cents work

Status as of October 9, 2026. CFTC filings list ProphetX LLC as a registered DCO as of June 10, 2026 and as a designated DCM as of June 11, 2026. Eligibility and state access are operator-defined. A product filing lists Multi-Event (Parlay) Contracts as Certified on June 15, 2026 — a certified type, not open access to every combination. Comparison listing only — no partner or affiliate claim.

What is ProphetX?

CFTC clearing-organization filings list ProphetX LLC as Registered on June 10, 2026, permitted to clear fully collateralized futures, options on futures, and swaps. DCM filings list ProphetX LLC as Designated on June 11, 2026.

Trading terms dated June 10, 2026 (version 1.0) say the system is fully disintermediated: no intermediary brokers or FCMs. Participants fund the maximum potential loss before a trade executes. When orders match, required funds move to a segregated collateral fund and the ProphetX DCO novates the trade.

A CFTC product filing lists ProphetX Multi-Event (Parlay) Contracts as certified on June 15, 2026. Certification of a type is not every parlay a sports fan can imagine. And it is not a finding that multi-event contracts are lawful in every state.

Who is ProphetX for?

Sports-native readers who want a vertically integrated federal exchange-and-clearing story and will read a rulebook. If you want an FCM front to CDNA, read Fanatics Markets. If you want a pending CFTC exchange application from a company that is not currently taking bets, read Sporttrade.

How do prices work on ProphetX?

Illustrative Yes · 43¢ ($0.43)

A 43¢ Yes is a $0.43 fully collateralized share.
Direct-access terms mean there is no FCM in the middle on ProphetX’s June 2026 write-up. That is different plumbing from a brokerage tab or an introducing broker.
Multi-event / parlay-style contracts, where listed, still settle on named rules. Do not read them as a sportsbook parlay slip.

Learn how cents / $0–$1 shares work

What can you trade on ProphetX?

Sports event contracts on the ProphetX DCM
Certified multi-event (parlay) contract type, where the operator actually lists it

Sports

How is ProphetX different from other prediction markets?

Novig’s public federal fact is a June 16, 2026 DCM designation for Ludlow Exchange. ProphetX has both DCM and DCO dates in the CFTC index.
Kalshi is a general event-contract exchange, not a sports-native DCM+DCO launched in June 2026.

What are the fees?

From ProphetX’s trading fees page, version 1.3, updated October 12, 2026, checked October 20, 2026. Parlays use a separate schedule.

Trading / collateral: Full collateral before execution; straight trades pay 2% of net gains per market
Intermediation: Terms describe no FCM
Multi-event contracts: Certified type as of June 15, 2026 — listing is operator-defined

Getting started and getting paid

Minimum age: Age of majority where you live, and at least 18
www.prophetx.co/lobby/t-c/market-participant-agreement · checked October 27, 2026
ID check: Photos of the front and back of a state driver's license, state ID, or U.S. passport, a selfie, and SSN. Pending accounts can't deposit, trade, or withdraw.
prophethelp.zendesk.com/hc/en-us/articles/47639252930577-Account-Verification · checked October 27, 2026
Minimum deposit: $10
prophethelp.zendesk.com/hc/en-us/articles/47639471812753-Available-Payment-Methods-Deposits · checked October 27, 2026
Deposit methods: Debit card, Apple Pay, Google Pay, or cash at a store (through PayNearMe), EdgeBoost, online banking (Aeropay), crypto (Zerohash), wire
prophethelp.zendesk.com/hc/en-us/articles/47639471812753-Available-Payment-Methods-Deposits · checked October 27, 2026
Withdrawal methods: Online banking (Aeropay), debit card (PayNearMe), paper check, wire ($5,000 or more)
prophethelp.zendesk.com/hc/en-us/articles/47640221041425-Available-Payment-Methods-Withdrawals · checked October 27, 2026
Payout timeHow long a withdrawal takes once you request it, as ProphetX states it.: Most withdrawals are processed within 24 hours; some take up to 5 business days. Debit card: approved within 24 hours, then 1–5 business days. Online banking: instant at some banks, otherwise 1–5 business days after approval. Check: 7–14 days. Wire: up to 72 hours.
prophethelp.zendesk.com/hc/en-us/articles/47640642182545-How-Long-Do-Withdrawals-Typically-Take · checked October 27, 2026
prophethelp.zendesk.com/hc/en-us/articles/47640221041425-Available-Payment-Methods-Withdrawals · checked October 27, 2026

From ProphetX’s own pages, with the date we checked each one. — means we did not find it there, so check with ProphetX.

Compare every platform →Fees, side by side →

Are there bonuses or promotions?

Verified public termsOfficial lobby offer — confirm in-product

The ProphetX lobby we reviewed on this October 28, 2026 snapshot advertises Trade $50 · Get $75 for new participants: $50 of traded volume unlocks $75 in incentive funds, paid as three $25 installments over 14 days on that page. That is homepage marketing with terms on the same page — not a private affiliate code. Confirm in-product which offer is presented — we will not certify a lobby headline as the schedule you are shown.

Terms highlights

New participants only. Trades above 80% are excluded from the qualifying volume.
Each installment expires 45 days after credit, per the lobby disclaimer.
The same page says ProphetX is not currently operating in Nevada.
Promotional credit is not a sportsbook free bet. Confirm live terms at signup.

Eligibility / geo. Dual DCM/DCO registration is not a nationwide all-clear. Operator screens and sports-contract litigation still apply. Nevada is called out as dark on the lobby.

Full bonuses comparison Official source ↗nofollow · not a referral

Event-contract trading risks money you can lose. Responsible trading.

Where is ProphetX available?

Dual registration is not a nationwide all-clear. Operator screens, age gates, and sports-contract litigation still apply. Confirm what is listed for your account.

Registration ≠ every product in every state.
Parlay certification is a contract type, not unlimited combinability.
Read the rulebook before treating a price as a sportsbook number.

ProphetX by state

Available means ProphetX’s own state list names that market type in the state; Not offered means its list leaves the state out; Check status means it publishes no list for that market type, or a court or regulator action that names ProphetX makes the listing uncertain.

Find your state

State	Sports contracts	Other markets
Alabama	Check status	Check status
Alaska	Check status	Check status
Arizona	Check status	Check status
Arkansas	Check status	Check status
California	Check status	Check status
Colorado	Check status	Check status
Connecticut	Check status	Check status
Delaware	Check status	Check status
District of Columbia	Check status	Check status
Florida	Check status	Check status
Georgia	Check status	Check status
Hawaii	Check status	Check status
Idaho	Check status	Check status
Illinois	Check status	Check status
Indiana	Check status	Check status
Iowa	Check status	Check status
Kansas	Check status	Check status
Kentucky	Check status	Check status
Louisiana	Check status	Check status
Maine	Check status	Check status
Maryland	Check status	Check status
Massachusetts	Check status	Check status
Michigan	Check status	Check status
Minnesota	Check status	Check status
Mississippi	Check status	Check status
Missouri	Check status	Check status
Montana	Check status	Check status
Nebraska	Check status	Check status
Nevada	Not offered	Not offered
New Hampshire	Check status	Check status
New Jersey	Check status	Check status
New Mexico	Check status	Check status
New York	Check status	Check status
North Carolina	Check status	Check status
North Dakota	Check status	Check status
Ohio	Check status	Check status
Oklahoma	Check status	Check status
Oregon	Check status	Check status
Pennsylvania	Check status	Check status
Rhode Island	Check status	Check status
South Carolina	Check status	Check status
South Dakota	Check status	Check status
Tennessee	Check status	Check status
Texas	Check status	Check status
Utah	Check status	Check status
Vermont	Check status	Check status
Virginia	Check status	Check status
Washington	Check status	Check status
West Virginia	Check status	Check status
Wisconsin	Check status	Check status
Wyoming	Check status	Check status

Alabama
Sports contracts: Check status
Other markets: Check status
Alaska
Sports contracts: Check status
Other markets: Check status
Arizona
Sports contracts: Check status
Other markets: Check status
Arkansas
Sports contracts: Check status
Other markets: Check status
California
Sports contracts: Check status
Other markets: Check status
Colorado
Sports contracts: Check status
Other markets: Check status
Connecticut
Sports contracts: Check status
Other markets: Check status
Delaware
Sports contracts: Check status
Other markets: Check status
District of Columbia
Sports contracts: Check status
Other markets: Check status
Florida
Sports contracts: Check status
Other markets: Check status
Georgia
Sports contracts: Check status
Other markets: Check status
Hawaii
Sports contracts: Check status
Other markets: Check status
Idaho
Sports contracts: Check status
Other markets: Check status
Illinois
Sports contracts: Check status
Other markets: Check status
Indiana
Sports contracts: Check status
Other markets: Check status
Iowa
Sports contracts: Check status
Other markets: Check status
Kansas
Sports contracts: Check status
Other markets: Check status
Kentucky
Sports contracts: Check status
Other markets: Check status
Louisiana
Sports contracts: Check status
Other markets: Check status
Maine
Sports contracts: Check status
Other markets: Check status
Maryland
Sports contracts: Check status
Other markets: Check status
Massachusetts
Sports contracts: Check status
Other markets: Check status
Michigan
Sports contracts: Check status
Other markets: Check status
Minnesota
Sports contracts: Check status
Other markets: Check status
Mississippi
Sports contracts: Check status
Other markets: Check status
Missouri
Sports contracts: Check status
Other markets: Check status
Montana
Sports contracts: Check status
Other markets: Check status
Nebraska
Sports contracts: Check status
Other markets: Check status
Nevada
Sports contracts: Not offered
Other markets: Not offered
New Hampshire
Sports contracts: Check status
Other markets: Check status
New Jersey
Sports contracts: Check status
Other markets: Check status
New Mexico
Sports contracts: Check status
Other markets: Check status
New York
Sports contracts: Check status
Other markets: Check status
North Carolina
Sports contracts: Check status
Other markets: Check status
North Dakota
Sports contracts: Check status
Other markets: Check status
Ohio
Sports contracts: Check status
Other markets: Check status
Oklahoma
Sports contracts: Check status
Other markets: Check status
Oregon
Sports contracts: Check status
Other markets: Check status
Pennsylvania
Sports contracts: Check status
Other markets: Check status
Rhode Island
Sports contracts: Check status
Other markets: Check status
South Carolina
Sports contracts: Check status
Other markets: Check status
South Dakota
Sports contracts: Check status
Other markets: Check status
Tennessee
Sports contracts: Check status
Other markets: Check status
Texas
Sports contracts: Check status
Other markets: Check status
Utah
Sports contracts: Check status
Other markets: Check status
Vermont
Sports contracts: Check status
Other markets: Check status
Virginia
Sports contracts: Check status
Other markets: Check status
Washington
Sports contracts: Check status
Other markets: Check status
West Virginia
Sports contracts: Check status
Other markets: Check status
Wisconsin
Sports contracts: Check status
Other markets: Check status
Wyoming
Sports contracts: Check status
Other markets: Check status

Source: ProphetX lobby ↗ · checked October 28, 2026. The app’s own eligibility screen is final.

Your state’s label counts every app we track. Open your state page →

California Texas Illinois Florida New York All state guides

CFTC DCM filing: ProphetX LLC ↗ · checked October 9, 2026
CFTC DCO filing: ProphetX LLC ↗ · checked October 9, 2026

Visit operator site ↗ · nofollow · not a referral

Pros and cons

Pros

Primary-source DCM and DCO dates
Written direct-access / full-collateral model
Sports-native comparison point next to Novig and Underdog
Certified multi-event type is disclosed as a filing, not invented here

Cons

Eligibility still operator-defined
Sports-contract litigation risk
Newer than Kalshi or PredictIt — structure can still evolve
Comparison only

Common questions

Is ProphetX a CFTC exchange?

CFTC filings list ProphetX LLC as a DCO on June 10, 2026 and a DCM on June 11, 2026.

Do I need a broker?

June 2026 trading terms describe direct access without an FCM. Confirm the live onboarding path on ProphetX.

How do prices read?

As cents or $0–$1 shares here. A 43¢ Yes is $0.43.

Do you partner with ProphetX?

No. Comparison listing only.

Prices discussed here are cents or $0–$1 shares only. Informational — not legal advice, and not a solicitation.

Also on the board

Other prediction market platforms

No side. We date the snapshot.

Sourced from public filings, operator terms, and official materials — not from a partner desk.

As of Oct 2026. View methodology