ProphetX - Bettors Insider

ProphetX Raises $35 Million as It Targets Threefold Increase in 2026 Trading Volume

by Adam Hutchinson
August 3, 2026

Federally regulated sports prediction market ProphetX has raised $35 million from Parlay Capital, Data Point Capital and others as it eyes a threefold jump in 2026 trading volume.

ProphetX Wins CFTC Approval to Operate as America’s First Sports-Native Direct-Clearing Prediction Exchange

by Bill Christy
June 15, 2026

ProphetX has received approval from the CFTC to register as both a Designated Contract Market and a Derivatives Clearing Organization, positioning it as the first sports-focused exchange to operate under full federal oversight.