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Last Updated: Apr 22, 2024
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Fact Checked By:
Paul Shapiro
If you are looking for a premier peer-to-peer sports betting exchange, then Prophet Exchange is for you. Try out this sensational concept with the Prophet Exchange promo code to get up to $250 when you sign up and bet on Prophet Exchange to win big with Prophet Exchange today.
This Prophet Exchange review breaks down the promo code offer, the bonus that comes along with it, and the benefits of using betting exchanges as opposed to a traditional sportsbook like BetMGM, FanDuel Sportsbook, or DraftKings Sportsbook.
You can sign up for an account via the Prophet Exchange website or the app. Just follow these steps to redeem the Prophet Exchange promo code:
- Click on the "PLACE YOUR BET" button to visit the Prophet Exchange betting site.
- A landing page highlights the main details of the Prophet Exchange promo code offer. Click "JOIN NOW" to open the sign-up form.
- Fill in the details, create a password, agree to the terms of service, and click to complete the form. You may need to upload supporting documents to verify your account.
- When your Prophet Exchange account is approved, make a minimum deposit of $5, and Prophet Exchange will match your first bet, up to $250, with bonus credits.
- Place your first bet and satisfy a 1x rollover requirement on the bonus funds before requesting a withdrawal.
The Prophet Exchange welcome bonus is a first bet, up to $250. If your first bet loses, you will receive a matching amount to your initial wager back in bonus bets. You will then need to complete a 1x rollover requirement on the bonus bets.
Sign up today for a first bet of up to $250, thanks to the Prophet Exchange welcome bonus.
Additional Prophet Exchange Promotions
There are no additional Prophet Exchange promotions or offers right now. We will inform readers if it launches a reload bonus or any other Prophet Exchange bonus offers.
Prophet Exchange's primary asset is the attractive betting odds it provides. When you place a bet at Prophet Exchange, you are taking on fellow customers as opposed to the house. It offers NFL spreads, moneylines, and totals with zero juice. That means you can take odds of +100 on either side of a bet.
The exchange then takes a 2% commission on winning bets. Traditional sportsbooks build a house edge of 4.77% into the spreads and totals they offer, so a 2% commission is very appealing for bettors.
It only offers three betting options, and it only covers four sports (football, baseball, basketball, and hockey), but the odds are terrific. We were impressed by the user experience when conducting this Prophet Exchange review. The main goal for the company going forward is to achieve enough liquidity to make the exchange model work, and we will monitor this situation with additional Prophet Exchange reviews in the future.
The Prophet Exchange app is fast and accessible. It allows customers to bet on NFL, NCAAF, MLB, NBA, and NHL games from anywhere in New Jersey with ease.
There are also Exchange Betting 101 guides to help newcomers out, and the Prophet Exchange FAQ provides a lot of useful information.
Prophet Exchange Payment Methods:
Deposit Methods
Prophet Exchange offers three deposit options for customers:
- Online Bank Transfer
- Wire Transfer
- Cash at Harrah's Atlantic City
Bank transfers are processed via Trustly. Prophet Exchange does not accept credit cards, debit cards, or e-wallets. Deposits start at $5, and there are no transaction fees.
Withdrawal Methods
Withdrawals are also free at Prophet Exchange. The same three options are available:
- Online Bank Transfer
- Wire Transfer
- Cash at Harrah's Atlantic City
Withdrawals start at just $1, and the funds should arrive in your account within 3 to 5 days on average.
Prophet Exchange is an exciting option for sports bettors. It offers very appealing odds and the ability to create your own lines, which sets it apart from traditional sportsbooks.
This is the only betting exchange in the country right now, and it's only currently available in New Jersey. We hope to see it take off and the early signs are promising.
Click "BET NOW" to redeem the Prophet Exchange promo code and get up to $250 in bonus credits today.
What is the Prophet Exchange promo code?
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The Prophet Exchange promo code offers new users a first bet, up to $250. This promo code offer comes with a 1x rollover requirement, applied to the bonus funds as well as your initial deposit.
Is Prophet Exchange legit?
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Prophet Exchange is licensed and regulated by the New Jersey Division of Gaming Enforcement, so it is a legit operator. You can enjoy exchange betting in New Jersey via the app or the Prophet Exchange legal website.
Where can you use Prophet Exchange?
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You can use the Prophet Exchange in the New Jersey sports betting market. It previously operated in the UK, but it is now available for U.S. sports bettors. It has secured market access in Indiana and Ohio too, so we should see the Bet Prophet app in those states next for this sports betting exchange. Check out our Prophet Exchange sportsbook review to learn more about its key features, including very impressive lines and the chance to create your own odds.
How do I redeem a Prophet Exchange promo?
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To redeem the Prophet Exchange promo, just click on the "BET NOW" link in this review, sign up for a Prophet Exchange account, and make a minimum deposit of $5 to qualify for the Bet Prophet promo code offer. The Prophet Exchange promo code will give you a first bet, up to $250, which comes with a 1x playthrough requirement.
What is the minimum age to bet at Prophet Exchange?
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Players must be at least 21 years old to take part in Prophet Exchange sports betting in New Jersey. You will be asked to provide personal info on the registration form for the Prophet betting exchange, and you may have to include additional supporting documents to verify your age, such as a scan of your driver's license.
What are the banking options for Prophet Exchange betting?
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Prophet Exchange offers three banking options for deposits and withdrawals -- wire transfer, online bank transfer through Trustly, or cash at Harrah's Casino in Atlantic City. Our Prophet Exchange review discusses the process in more detail, including minimum transaction amounts.
Contributor since April 2022
Martin Green spent five years working at William Hill before becoming a journalist in 2009. He began working as a sports writer and professional sports handicapper and sportsbook reviewer in 2014.
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@MartinWGreen