Founded in 2018, ProphetX is a regulated U.S. exchange built as a sports-native prediction market for event-driven contracts. The company operates a peer-to-peer marketplace where users trade event contracts and uses an RFQ Parlay Mechanism to enable multi-event combinations and institutional-style pricing. ProphetX recently received CFTC approval and completed a nationwide launch, after previously operating as a sweepstakes platform. The firm reported a 50% increase in active users and assets on platform during its first 30 days as a regulated market and is targeting a tripling of trading volume in 2026. ProphetX is scaling a B2B platform and partnerships and raised $35 million to accelerate product development, boost market liquidity, and expand institutional market coverage.

Total raised

$45M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2026