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US Gambling Sites / Prophet Exchange Review

Prophet Exchange Review

Is Prophet Exchange good for sports betting?

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Mark Lewis
Mark Lewis
Last Updated on 26/11/2022
Fact checked by: Josh Schwartz

Looking for something a little different when it comes to your sports betting experience? Tired of the same old sportsbooks? Look no further than our Prophet Exchange reviews, where we’ll dive into this new and exciting sportsbook exchange for you.

Our experts at CaptainGambling saw this opportunity to provide you with an extensive review of the new operator Prophet Exchange. The review will have a look at their approach to all things sports betting, including their fantastic welcome bonus offer. We research how they do customer service, accounts, and the rest. Get on this hype train before it’s too late!

Prophet Exchange: Pros & Cons
  • Excellent welcome offer
  • Live chat feature
  • Multiple platforms available
  • Regulated and safe
  • Bank cards unavailable

Bonus offer - Welcome offers for you and your friends

If you are familiar with online betting, you’ll have come across a bonus offer. These come in many different iterations, but none so prevalent as a welcome or signup offer. Welcome offers, and other bonus offers, in general, are very popular with operators as they help get new clients on board or keep existing customers with promos. Our Pulsz review had a look at their welcome and signup offers, for example. Operators also get quite creative when it comes to bonus offers, as this is something that can set them apart from the mountains of competition. Bonus offers make the patrons feel rewarded for using the operator's sportsbook, casino, or live casino, whichever it may be, and statistically, they will be more likely to stay with the said operator.

Our research for this Prophet Exchange review found that this new sports betting exchange operator plans to also offer bonus offers upon their imminent launch. Firstly, they also opted to entice potential players with a welcome offer. The website mentions that Prophet Exchange will match a player’s first deposit 100% up to the amount of $200. They have one wagering requirement for this bonus, which is pretty standard. After receiving your bonus funds from the bonus offer, you must wager the bonus funds at least once for your funds to be withdrawable.

We also discovered a Refer A Friend Promotion where you can send a referral link to an acquaintance that they can use to open a Prophet Exchange account. When they use this special link, you and the person that signed on using your link will each receive $50 in website credit for free once they place a $10 deposit within 14 days. For such a young sports betting site, Prophet Exchange has shown that they know how to get new patrons to flock to their site.

Usability, look & feel - multiple platforms to choose from when betting

We like to go and just have a peep at the operator’s website to see how it feels when you play around on it. As Prophet Exchange has not launched yet, we had a look at their existing site and experienced it as it is at the moment.

The existing website is clean with some crisp graphics, which is nice to look at. The main colors on display are white with some green lines and black text. The Prophet Exchange is also displayed in the same green as the lines, which makes sense and looks very professional.  There are some main tabs at the top which invite you to go and explore the website further. We experienced that the website was very responsive, and loading times were basically non-existent, which bodes well for the betting site when it launches.

After some research, we can confirm in this Prophet Exchange review that an app will be available, which is awesome news. The app will be available on both iOS and Android devices, but you will also be able to place bets on your desktop, Macbook, or tablet device. Check our Hollywood Casino review to see which different platforms they offer. Continuing with Prophet Exchange, we really like that this will give patrons the chance to wager wherever they are (in the state of NJ). The only possible drawback is that you cannot log in via a web browser to make bets. However, with all the other available platforms, we doubt it will be an issue for patrons. Prophet Exchange seems to have it covered in terms of convenience for users, and they have done their homework as most gambling, especially by younger users, is done on a mobile device.

Payments - more options on the horizon

We had a look at what the operators plan for deposits and withdrawals in this Prophet Exchange review, as it is an essential part of the betting experience. The Prophet Exchange website contains all payment information, and we distilled it down for you in this review. Let’s start by looking at how you can fund your Prophet Exchange account. According to the website, Prophet Exchange will allow you to make deposits through either online banking using Automated Clearing House or ACH, wire transfers, or a cash deposit at Harrah’s Casino.

Our team found that you cannot make a deposit using a debit or credit card. However, the good news is that they are working on it to make this payment method available soonest. Prophet Exchange requires a minimum deposit of $10, which is very reasonable compared to the competition, and the maximum amount will depend on the payment method you wish to use.

Turning to withdrawals, our Prophet Exchange review discovered that you basically have the same options available to you at the moment. First is ACH through online banking; second is a wire transfer; and lastly, you can go to Harrah’s Casino to withdraw cash if you live near Atlantic City. Again, as with deposits, the minimum amount that you can withdraw is slotted at 10$.

How long does a withdrawal take? Well, most take a few hours to process, but because of checks and balances for safety, they reserve the right to process your withdrawal within 3 to 5 business days. Keep this in mind when planning your withdrawals. You can use Trustly to make deposits or withdrawals from your bank account, if your bank supports Trustly.

Customer service - already there are so many options

Our experts here at CaptainGambling, in this detailed Prophet Exchange review, wanted to see what Prophet Exchange plans for their customer service department. We know that this is a stumbling block for many operators as it can cause a client major distress if they struggle to get timeous support on an issue. It can potentially sink the whole ship.

At the bottom of their website’s main page, there is a link to go to the “Help Center” and “Contacts,” which is exactly what we were looking for in our Prophet Exchange review. On the help center page, we saw that there is a chat feature available powered by Zendesk. This is great news as we know that live chat features are the quickest way to get a response from the operator.

Furthermore, we had a look to see if they provide a telephone number and sure enough, there is a number you can call them on. Currently, the telephones are operated from 10 am to 12 am EST, but this will most likely change once the operator is up and running.

The website also provides a ticket system through which you can submit a query directly. Prophet Exchange further supplies an email address on the help center page, giving you another option. The moral of the story is that they certainly are geared up to assist their customers, and it is easy to contact them.

Licence & security - dedication to safety and protection of patrons

For us, it is crucial that the operator possesses the official licenses with which to operate. Why? Because this gives us, and more importantly, you, the potential customer, peace of mind knowing that you are using a trustworthy and legit operator.

Is Prophet Exchange secure for patrons, and do they protect your information? We were impressed by Prophet Exchange’s commitment to the protection of minors. This is why they request a valid ID document when opening an account to verify that the patron is at least 21 years of age. Furthermore, they have some information available to adults on protecting children from accessing their Prophet Exchange account by installing third-party apps such as NetNanny on mobile devices. They also have a small section where they mention elderly abuse regarding gambling, and we really appreciate this attempt to inform customers about this problem.

Moreover, you can protect access to your Prophet Exchange account by enabling “Strong Authentication,” a two-factor authentication system. An excellent option from them is to make sure accounts are protected if, in some way, someone has gained access to a customer’s devices. The website itself also has a Secure Sockets Layer certificate displayed by the “lock” next to the website HTTP. What does this mean? Our Jock MKT review also discusses this specific issue. It means that it is encrypted and safe whenever you enter any personal information, including information for payments that you would like to make.

Moving on, we also tried to see in this Prophet Exchange review if they are properly regulated and by whom. Rest assured, as they operate in NJ, the New Jersey Division of Gaming Enforcement regulates this operator and complies with the Casino Control Act. Is Prophet Exchange reliable, and will it operate within the law? We made sure that, indeed, they are reliable and regulated, so don’t have any fears about using them.

Rewards & loyalty program - Great welcome bonus and VIP program

Next up, we investigated possible rewards or VIP programs planned at Prophet Exchange. With some digging, we found mention of such a program in the terms and conditions when doing our Prophet Exchange review, which is quite promising. Prophet exchange states that they reserve the right to select certain patrons as “VIPs” on the platform or the exchange as they call it. If a VIP player transacts with another player, Prophet Exchange will charge a commission on the net winnings for the VIP. Prophet Exchange further mentions that they will, in some cases, allow the VIP to set their own commission structure or use a different commission than the standard.

As mentioned earlier in this Prophet Exchange review, a deposit bonus is offered to first-time patrons of Prophet Exchange. We love this deposit bonus as Prophet Exchange will match your deposit 100% up to $200. As welcome offers go, this one is right up there with the best.

Prophet Exchange Sports Betting

Betting markets

We looked at the markets available from an exchange as we like to see a variety of sports and, naturally, all the popular sports. After scouring the website in our Prophet Exchange review, we found evidence that they will indeed cater to Football, Basketball, Baseball, Tennis, Ice Hockey, and fighting sports, including boxing and MMA.

For the specific leagues and competitions, we were not sure at this moment. We’ll have to wait until launch for more specifics regarding this. Looking at the sports on offer, we can guess that the NHL, NFL, NBA, and all other major leagues will be available on Prophet Exchange.

Odds

This is where we found Prophet Exchange to differ from the competition. Our experts were surprised by the model used at Prophet Exchange, as this is not a traditional sportsbook. Our Prophet Exchange review found that as the patron, you can be the oddsmaker at Prophet Exchange, which means that you can set the line or price as if you were the house. Other players can then place a wager on your set line or price. You can also bet on lines or prices that other users have set, so it goes both ways meaning that players are betting against each other. You’ll be able to get +100 odds on spreads and totals, which you won’t find at a traditional sportsbook.

Live betting & streaming

As the site has not launched yet, we did not have the chance to test the live betting feature of Prophet Exchange in this review. However, we wanted to see if they plan on offering this at launch, so we went and looked at some paperwork. The Prophet Exchange House Rules mention “Live Betting” and “In-Play Betting” specifically, so you can bet on this feature available from Prophet Exchange. Needless to say, our Prophet Exchange review team of experts was very pleased to be in the pipeline. We are unsure which sports “live betting” will be available. Time will tell.

Limits

What are the betting limits set at Prophet Exchange? An important question that we will try and answer for you. Prophet Exchange states that all bets placed may be subject to a delay before they accept it. Further, as is pretty standard, they also declare that they have the right to withhold a payment or void a bet if there is any evidence of foul play, such as match-rigging or the like. Prophet Exchange mentions that they will calculate the payouts based on decimal odds. There is no mention at the moment of any maximum betting limit that they impose or whether any will be imposed in the future.

Product summary

You made it to the end of the Prophet Exchange review, where we dissected the “sportsbook” offer. We already like that this will be quite different from the rest of the market. The fact that you can set your own odds or bet on those set by other players makes the idea of a sports exchange from Prophet Exchange inspiring. With all the popular sports on offer and the inclusion of a “Live betting” feature, we have really high hopes for this peer-to-peer exchange. Our Prophet Exchange ratings have gone up significantly after this review. What an awesome concept!

Prophet Exchange review FAQ

💿How does Prophet Exchange work?

We have many reviews covering a whole host of online gambling operators. We look at the inner workings of each operator and give you all the information. We tell you how Prophet Exchange operates in our Prophet Exchange review.

🏈What sports are available at Prophet Exchange?

For an operator to be popular, they must offer all the major sports in their sportsbook. Our team looked into what is on offer from Prophet Exchange and compiled this info for you in a review. We also look at a multitude of other sportsbooks and compare what they have to offer.

❓Where can I play on Prophet Exchange?

Certain operators are only available in certain states as the laws on online gambling differ from state to state. We examined this in the Prophet Exchange review to see where it will be legal to play once it launches.

Overall conclusion - something completely different

After this extensive Prophet Exchange review, the Prophet Exchange ratings have gone through the roof. They have done proper market research and are implementing some great systems for patrons, starting with those great promotional offers, especially the 100% deposit bonus. Furthermore, we like that they provide a variety of avenues through which you can contact them, even though the call system is limited at the moment. Regarding payments, the exclusion of debit and credit cards was a slight drawback for us, but we are sure that this will change soon after launch. Security is on point, and they have all the necessary legal things. We are really excited about the Prophet Exchange as they enter the online sports betting arena!

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Further Reviews

Prophet Exchange
Our Product Rating
Sports:
82
/100
Overall Rating Prophet Exchange
82.0
/100
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