ProphetX: A Revolutionary Sports Prediction Exchange

CrazyNinjaMike

As many of you are aware, I've made a conscious decision to not enter into affiliate partnerships with sportsbooks. This is because I do not want any of my people to get limited, simply for using my affiliate links. To further safeguard your privacy and betting experience, I've taken special care in how I link to the sportsbooks' house rules on my FAQ page. The links are meticulously designed so that the sportsbooks cannot trace your visit back to crazyninjaodds.com. Click here to learn more about my approach to ensuring your anonymity and safety.

Sportsbooks

When you place a bet on a sportsbook, it's you vs the sportsbook. If you win your bet, the sportsbook loses. Because of this, they will eventually limit you if they find you are consistently beating them and turning a high profit.

Prediction Exchanges

One of our greatest allies against the sportsbooks are prediction exchanges. When you place a position on a prediction exchange, there is always another person that matched your position. An exchange simply takes a small payout adjustment from the winner. The more action on an exchange, the more they profit. Therefore, they have zero incentive to limit players. In fact, they encourage you to hedge and arb against the sportsbooks. And because they have essentially no risk since everything is matched between users, they can have an extremely low juice%. Another advantage to exchanges is the transparency and flexibility they offer. You can easily see the maximum stake for specific odds, and if you need to place a position that includes shorter odds, that's an option too! They are perfect for hedging sportsbook promos!

What is ProphetX?

ProphetX is a pioneering sports prediction exchange that operates on a sweepstakes model. This platform enables users to predict sports outcomes for redeemable USD in a peer-to-peer setting, significantly reducing the the price per position. ProphetX provides a transparent and fair environment, where the user-driven market determines the odds. This ensures better returns and a more engaging experience.

Why Choose ProphetX?

With low payout adjustment rates, high liquidity, and a user-friendly interface, ProphetX offers a competitive alternative to traditional sportsbook platforms. Here’s how you can benefit:

• Low Payout Adjustments: Only 3% on net winnings per market, letting you keep more of what you win.
• High Liquidity: Thanks to a robust platform that ensures you can always find a match for your picks.
• Legal Operations: Available in 39 states.
• No Limiting: As an exchange, ProphetX has no incentive to limit you.
• Customer Support and Community Engagement: ProphetX provides comprehensive customer support through FAQs, live chat, and email, fostering a supportive community that enhances your playing experience.

Some things to be aware of:

• Payout Adjustment Inclusion: The odds that ProphetX displays does not include the 3%. The ProphetX odds that CNO displays does include it. ProphetX will adjust this in the future.
• Regulatory Framework: While traditional sportsbooks are governed by state gaming commissions, ProphetX operates under the regulatory oversight of the Federal Trade Commission (FTC), ensuring compliance with national standards.
• Tax Considerations: Be mindful of tax obligations on net profits over $600, as these will require filing a 1099-MISC. So, be aware of that if you are arbing.
• Sweepstakes Model: Unlike traditional sportsbooks, you don’t make direct deposits on ProphetX. Instead, you purchase Prophet Points and receive Prophet Cash as a bonus to buy contest entries. This legally qualifies ProphetX as a sweepstakes platform across multiple states.

Sign Up with ProphetX

Disclosure: CrazyNinjaOdds has an affiliate relationship with ProphetX.