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PlayersBest.com / Prophet Exchange Review

Prophet Exchange Review 2023 – is Prophet Exchange Legit?

Is Prophet Exchange a reliable sportsbook?

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This Prophet Exchange review was perhaps one of my most exciting missions in the gambling galaxy to date. Why? Because this is one of the most unique sportsbooks on the planet.

Prophet Exchange is currently the only known peer-to-peer betting site in the known US sports betting universe. Additionally, there is no limit to the number of players that can blast off with this awesome bookmaker. On top of all that, the welcome bonus for new customers is simply out of this world!

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Payment Methods
Company
Stake Trade, Inc
Founded
2018
Website
prophetbettingexchange.com
Available Languages
EN
Customer Support
Email Support
Email
hello@betprophet.co
Phone
866-686-0377
Overall Rating
Rating follows
  • First Impression
    4.4/5
  • Timeline
    4.2/5
  • Range
    4.2/5
  • Handling
    4.3/5
  • Innovation
    4.3/5
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Commander Dave Fernandez
Commander Dave Fernandez
Last Updated on 03/22/2023

Prophet Exchange review - The first peer-to-peer planet in the sportsbook stratosphere!

So above I mentioned that peer-to-peer betting is the main USP that makes Prophet Exchange a unique outlier in the gambling galaxy, but what does this mean exactly?

Essentially, if you don’t like the odds offered by the house, you can request the bet at your preferred odds instead. The catch is that another player has to accept the opposite of your bet. I’ll explain this concept in a lot more detail throughout this Prophet Exchange review.

Prophet Exchange logbook: What’s happened so far

  • December 2021: Prophet Exchange is given license to launch in NJ
  • Summer 2022: Prophet Exchange blasts off in New Jersey
  • Right now: You can claim an out-of-this-world welcome bonus
  • To date: Prophet Exchange is the only P2P sportsbook in the US
  • What follows: One of the most detailed Prophet Exchange reviews on the planet

Countdown: What you can expect - This is our Prophet Exchange review

When I first landed on the Prophet Exchange planet, it became clear from the outset that this was going to be a very different mission when compared to my Pulsz review. To the naked and untrained eye, Prophet Exchange at first might seem like the most simplistic of betting sites – and in some ways it is. There is no casino to speak of, nor is there a poker room or esports betting platform. What you have here is a plain and simple sportsbook, only with a very special twist.

For some people, Prophet Exchange is a sportsbook that may even appear to be lacking in certain capacities. While all of your favorite universal betting sports are there – including football, basketball, soccer, hockey, and more – there are certain betting markets that appear to be missing. For example, there are no props betting markets or parlay bets in sight. However, that’s offset by the fact that this is a sportsbook that offers something that’s very unique to the gambling galaxy, peer-to-peer betting.

Prophet Exchange – A trailblazer in the gambling galaxy

I won’t spend too much time on it at this stage of our mission, as I have set aside some time later on in my Prophet Exchange review exclusively to run you through the site’s USPs in detail. With that being said, peer-to-peer betting and matched odds are both at the forefront of what makes up the very fabric of the Prophet Exchange platform, therefore it’s worth running you through them briefly just now.

Essentially, Prophet Exchange gives you two options when it comes to betting on sports. Firstly, you can bet against the house just like you would on our average sportsbooks. Secondly, though, you also have the option to bet against your fellow peers instead. Choosing the second option essentially provides you with the opportunity to get better odds and therefore better value bets. This is something that is as yet unequaled or rivaled in the known betting universe.

Blast off with a bonus at Prophet Exchange!

As well as being one of the most unique sportsbooks in the gambling galaxy, Prophet Exchange also offers a welcome bonus that can only be described as being out of this world. When you sign up to Prophet Exchange today and fuel your rocket’s engine for the first time by making a deposit of at least $10, you will get a 100% matched deposit bonus. The maximum amount that you can claim with this bonus is $200, making it flexible for a vast amount of budget levels.

Once your qualifying deposit has been made, the bonus should appear in your account within 72 hours. However, in my experience it was far quicker than that – not quite the speed of light, but fast enough that I was satisfied. Once it lands safely in your account, the bonus will remain in your orbit for a total of 14 days. During this time, you must use the bonus and play through it once before you can withdraw any winnings. Overall, as bonus conditions go, these are amongst the most reasonable in the gambling galaxy today.

Lift-off: get a head start at Prophet Exchange

This is the stage of our Prophet Exchange review mission where I will take you through the handling of this particular mothership. The first thing I can tell you is that you should find it far easier than what was found in our Jock MKT review – though there are advantages to that particular site as well, don’t get me wrong.

Preparation for launch – Register your Prophet Exchange account

Although Prophet Exchange might be unlike any other planet in our solar system in many ways, the registration process will be very familiar to some. As is the case with most planets in the gambling galaxy, Prophet Exchange requires you to register your account by entering your basic details and creating a password for your account. In order to have your account fully verified, you will need to provide your government-issued ID number and complete the KYC process. In order to be able to launch on a gambling mission with Prophet Exchange, you need to be aged 21 or older and be physically located in New Jersey.

Service – Is Prophet Exchange reliable?

Once you have completed the full sign up process, you will be able to access all of the available services at Prophet Exchange. As I explained earlier in my Prophet Exchange review, this is an extra-special sports betting planet that offers an innovative service to all of its users. As a result, there is no casino, poker room or anything else of the sort to be found here. However, you can check out our Hollywood Casino review should you wish to enter the casino cosmos at this stage.

Payments – Fueling your rocket’s engine

As many of you may know, many operators in the gambling galaxy offer a vast range of different options when it comes to fueling and refueling the engine of your gambling rocket online. However, Prophet Exchange has taken a slightly different approach, which I believe will be good news to some of you, and not-so-good for others.

When it comes to depositing money into your Prophet Exchange account, you have three different options available to you – online banking, wire transfer, and paying in cash at the cage in Harrah’s Casino, Atlantic City, NJ. While this might not be the vastest range of options in the universe, it does keep things simple and streamlined.

The minimum required deposit is just $10 and most transactions should be processed at the speed of light. Naturally though, wire transfers may take a little longer as this method lacks the modern space-age technology of online banking. For increased financial security and privacy, the earthly option of paying cash at the cage is your best bet.

Sportsbook satellite – Prophet Exchange mobile app

In this section of our Prophet Exchange review, I’m mighty pleased to inform you that there is a Prophet Exchange mobile app available. This is ideal for those of you who wish to head out into orbit and do your sports betting away from the comfort of the mothership. The Prophet Exchange mobile app can be downloaded for both iOS and Android devices and functions excellently.

Like the main website, the mobile app offers a simple design that is easy to follow for users of all experience levels. You can register your account with the mobile app, even if you haven’t already done so via the website. Therefore if mobile betting exclusivity is what you seek, you can prepare to launch with this Prophet Exchange satellite product!

In-flight – The Prophet Exchange experience

As well as being a unique product with a clear USP, I also found the Prophet Exchange website design to be completely different from anything else I’ve ever seen in the gambling galaxy. Does that set back the ratings in my Prophet Exchange review at all? Absolutely not!

The minimalist design of the Prophet Exchange website contains a white background with black font and a couple of mint green and sky blue icons. Although it might not be the most exciting design in the world, I found it to be extremely easy on the eye. Perhaps more importantly, it is extremely easy to follow and the menu bar is the least complicated I’ve ever seen.

Even if you are a complete novice astronaut here in the gambling galaxy, navigating your way through this particular planet should be extremely simple. To make it even easier, a video explaining the basic concept of the platform and how it works is available on the homepage.

Safety checks – Is Prophet Exchange secure?

This might not be one of the most exciting parts of our Prophet Exchange review mission today, but it’s definitely important. Before you take the leap and decide to launch with any operator in the gambling galaxy, it’s first of all important to be sure of two things. First of all, you want to ensure that your pilot actually has a license to operate and fly through your area of the universe. Additionally, you also want to ensure that your rocket is safe and secure. I’ll cover both of these things in this section of my Prophet Exchange review.

First of all, Prophet Exchange is based in New Jersey and has a valid license to operate that was issued by the NJDGE. This means that adult earthlings aged 21 and over who are physically located within NJ state lines can legally sign up to Prophet Exchange and place bets here. At the time of writing, Prophet Exchange doesn’t have a license to operate in any other US state, but I strongly believe that this platform will launch elsewhere in the very near future.

When it comes to matters of security, Prophet Exchange has all of the right technology in place. I conducted my safety checks of the ship for the purposes of this Prophet Exchange review and I’m confident that both you and your funds will be safe on any mission with this operator.

In orbit: Discover the possibilities at Prophet Exchange

Even when flying with the steadiest of motherships, you are likely to encounter some turbulence in the gambling galaxy. What’s important is that your operator is able to help you through these bumpy patches as best as possible. And I’m pleased to inform you that things are looking positive in this respect with the Prophet Exchange.

As most Prophet Exchange reviews from existing users will also attest to, the standard of customer service here is very good. You can contact the Prophet Exchange team via phone, email or live chat seven days a week between the hours of 10am and midnight (EST). Ideally, I would like to see 24/7 customer service available, but I also believe it’s better to have good customer service that’s available most of the time, than bad customer service that’s available all of the time.

In addition to the customer service, there’s also an excellent help center that contains answers to the most common FAQs. As well as that, there’s also the awesome Prophet Exchange YouTube channel that contains videos to walk you through the main services on the platform.

Exploring the Prophet Exchange landscape

Right back at the start of our mission, you may remember that I promised to dedicate a portion of this Prophet Exchange review to the site’s USP – peer-to-peer betting. Well, we’ve finally reached that point, my friends – so prepare for lift-off!

How peer-to-peer betting works is fairly simple. Let’s say there’s a game between the Bucs and the Rams. You want to bet on the Bucs to win and Prophet Exchange is offering that outcome at odds of +120. By your estimate, these odds are a little bit low and you would prefer them to be higher. What Prophet Exchange does in this instance is request the bet at your preferred odds.

Sounds too good to be at all possible here on earth, right? Well, that’s because it’s not quite as straightforward as simply getting to place any bet at the odds you want. When you choose to request the bet at your preferred odds, the bet will only go through if another player accepts the counter to your bet.

For example, if you wanted to bet on the Bucs at +130 instead of +120, then another player would have to accept the Rams at -130. If another player accepts, you are now effectively betting against that player rather than the sportsbooks themselves – hence the term, “peer-to-peer betting”. If no one accepts your proposed odds, your bet will go unmatched, which means that you can’t really request anything too outlandish.

Prophet Exchange review: Conclusion - Houston, we have no problem!

We’ve almost reached the end of our latest mission through the gambling galaxy, but first I must leave you with my final Prophet Exchange rating. Unsurprisingly, the main focus of this conclusion has to be the peer-to-peer betting platform. This truly is a feature that is unique to Prophet Exchange and is unlike anything else out there in our solar system. Of course, peer-to-peer betting definitely isn’t ideal for every single sports bet that you place, which is why I’m a huge fan of the fact that regular fixed odds betting is also available here. The overall key to success here is the combo model of the platform.

Prophet Exchange New Jersey

At the moment, Prophet Exchange is exclusively available to adults aged 21+ in New Jersey. Here, NJ sports betting fans can either wager on their favorite sports using fixed odds or by requesting matched odds against their fellow site users.

This means that there is potentially more value to be found here than anywhere else.

Prophet Exchange reviews FAQ 

🏈 What is Prophet Exchange?

Prophet Exchange is one of the most unique and innovative sites here in the US today. Want to find out more? Head to PlayersBest.com to find our expert review!

❓How does Prophet Exchange work?

Prophet Exchange is a sportsbook unlike any other that you have likely ever seen before. You can discover exactly how it works today by checking out the review on our site.

🤔 Does Prophet Exchange work in-play?

You may have heard about Prophet Exchange’s unique way of peer-to-peer betting, but is it possible with live wagers? Head to our site to find out today!

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