Reviewed By Ziv Chen
The Prophet promo code bonus gives you a 100% deposit match with your first $200 deposit. You can use these bonus funds to place wagers and win profits you can withdraw. You don't even need a Prophet promo code to earn bonuses, which you do with welcome offers from some of the best sports betting sites. You just need to follow the instructions in this guide.
Find out how to redeem your Prophet Exchange promo code below and earn deposit bonuses in our review below.
This is one of the best sports betting bonuses, with a 100% match on your first deposit up to $200. The sportsbook will give you your bonus funds within 72 hours, which you can use as money. You will have 14 days to use these funds. You don't need a Prophet promo code to redeem this offer. Just click the links on this page to sign up.
Anyone in New Jersey and over 21 can redeem the Prophet Exchange deposit match offer. The bonus is only available to new customers, and you don't need a Prophet promo code to claim your sports betting bonuses. If you withdraw your initial deposit before completing the wagering requirements for your bonus funds, you'll forfeit your Prophet Exchange welcome bonus.
Our bonus review found that the offer has favorable terms compared to other top-betting bonuses. The 1x wagering requirements are much lower than DraftKings 25x. However, other sportsbooks offer more value than the Prophet Exchange bonus. The maximum $200 bonus amount is much lower than the $1000 FanDuel "no sweat" free bets or $2000 available at PointsBet.
The Prophet Exchange bonus gives you a decent number of bonus funds to use to get your sports betting started and a real chance to make a profit with the 1x wagering requirements. Also, the bonus may be smaller than other betting sites, but Prophet's excellent odds will ensure you get good value.
The only Prophet Exchange bonus is the deposit promo. Our bonus review was disappointed that you won't be able to redeem a risk-free bet or other promo code offers. The sportsbook has suggested it will introduce promo codes and additional sportsbook bonuses in the future.
Prophet was founded in 2018 by CEO Dean Sisun and COO Jake Benzaquen. The site initially operated in the UK but has finally launched in New Jersey through its partnership with Caesars. The betting site is one of a kind in the US with its unique style of offering wagers. It also has an excellent desktop site and robust mobile apps.
However, we would like to see more Prophet promo code bonuses rather than just its welcome offer. Its payment methods and sports markets are also limited, but this is a great betting platform overall. Read our guide below to learn more about the quality betting experience.
A betting exchange is different from a typical sportsbook, although it may look the same. There are two ways to wager on Prophet, as a bettor or as a layer. The bettor will wager like a normal betting site, choosing a market and placing a stake. However, the wager will only go through if a layer backs the opposite to happen. The bet exchange will charge a small commission on all bets.
Rather than betting against a sportsbook, you wager against another player. If you lose, you pay your money to this player. You can also choose the odds you want to wager at. Lay betting is also only available with a betting exchange.
Currently, Prophet and its welcome offer are only available in New Jersey. However, the sportsbook plans to open in Indiana in 2023. If you want to claim the Prophet Exchange bonus on iOS and Android devices, you must allow the sportsbook to access your geolocations and check you are in a legal state.
New Jersey is the first state where Prophet has launched through its partnership with Caesars, and you can access the best betting exchange in the state and use its promo code offers. You can also make deposits and withdrawals in person if you visit Harrah's Casino Atlantic City.
As a part of its agreement with Caesars, Prophet has announced its plans to launch in Indiana in 2023. Indiana bettors will have access to the sportsbook's offer for new customers, which they can use to bet on the NFL and other markets with one of the only betting exchanges in the US.
It's impossible to compare Prophet's betting lines with other online sportsbooks because the site doesn't have set odds. Players can choose to alter betting lines to suit them and hope other bettors wager against them.
Prophet is a new betting site and currently doesn't have many features like live streaming. However, its main feature, the betting exchange, is one of a kind. Check out some of its benefits below.
The great thing about Prophet is that you can decide your own odds for any market. You need to find a layer to wager against your odds, which can result in some excellent profits.
While you can request your own odds, the sportsbook will also give some suggestions as a starting point. These betting lines can compete with the best in the industry, ensuring you always get the most bang for your buck with your rewards from promo codes.
The Prophet app uses the same light green and white color scheme as the desktop site but uses a navigation bar to make it easier for new players to switch between real money markets. The app is fast, offers loads of features, and compares well to our best betting apps in the US.
There are only four payment methods available at this sports betting exchange. USA players living in New Jersey can withdraw money at the counter at Harrah's Casino Atlantic City. You can make withdrawals using online banking with Trustly and wire transfers. PayPal is also available.
Every withdrawal method has a minimum of $10. All withdrawals need up to 24 hours of processing time. Following this, PayPal and Trustly transactions take 3-12 hours to reach your account. You can also use wire transfers to add money directly to your bank account, which will take 3-5 days. Withdrawing at the counter in Harrah's takes just 24 hours.
Four secure payment methodsare available at Prophet, each with a minimum deposit of $10. All deposit methods are instant, and there are no fees for adding money to your account. You can deposit by visiting the cashier section of the sportsbook and following the instructions to add a payment method.
If you need support while using Betting Prophet's peer-to-peer betting exchange, you can find its FAQs with advice on deposits, promotions, and account settings. If you need further assistance, you can contact the customer support team from 10 am to 12 am EST every day. Here are the contact options available on the Prophet Exchange platform:
Prophet is partnered with Caesars Sportsbook, one of the top betting sites in the US. Caesars is a very reputable company and would only partner with trustworthy betting sites.
Prophet is licensed by the New Jersey Division of Gaming Enforcement and the Indiana Gaming Commission, which means it has passed strict tests for player safety and financial security. The site uses encryption technology to keep your data safe, and you can also secure your account using face ID with iOS and Android devices.
NJ players can find Prophet's responsible gambling resources in its FAQs section. There you can manage your account limits like deposit limits and wagering limits. You can also use cool-offs, self-exclusion, and other tools. The sportsbook also has some resources on the signs of problem gambling.
Prophet is the first sports betting exchange in the US, which is one of the main reasons players will sign up. However, its deposit match bonus, excellent desktop site, and mobile apps also make this an appealing prospect.
There are some issues that Prophet needs to overcome. Its range of sports is very poor compared to other online sportsbooks. Its customer support should have more contact options, and bettors in the state of New Jersey will want a broader range of payment methods.
Overall, the thrill of choosing the payouts on your wagers is far greater than the downsides of the negatives. The first betting exchange for US players is bound to leave bettors wanting more. Sign up with this New Jersey betting exchange and claim your welcome bonus by using the links on this page.
A betting exchange platform allows you to wager against other players rather than the sportsbook. You can set the odds, and other bettors will bet against you. Betting Prophet is the first US betting exchange.
Peer-to-peer sports betting lets you wager against other players rather than against a sportsbook. There are two roles: the bettor and the layer. The bettor wagers like with any sportsbook, except they can choose their betting lines. The layer will back the opposite of the bettor.
The Prophet Exchange website connects you with other bettors so you can wager against them. If you win, the other bettor funds your payout, and the site takes a commission of your winnings.
With standard betting sites, you wager on betting lines provided by the sportsbook. If you win, the sportsbook will pay you your winnings. With betting exchange sites
A USA betting exchange gives you more freedom over your wagers, letting you choose the betting lines you want. This gives you a chance of a bigger profit at betting exchange websites compare to standard sportsbooks.
"Ziv Chen has been working in the online gambling industry for over two decades in senior marketing and business development roles. Ziv writes about a wide range of topics including slot and table games, casino and sportsbook reviews, American sports news, betting odds and game predictions. Leading a life full of conflict, Ziv constantly struggles between his two greatest loves: American football and US soccer."