Prophet Exchange Review & Ratings 2024: Is Prophet Exchange Legit?

We began our Prophet Exchange reviews by having a close look at the sign up offers for new customers. So, if you sign up to Prophet Exchange for the very first time, you could get your first deposit matched by 100% up to $200. This means that if you deposit $10, you would get another $10 to play with. But if you deposited $300, your promo credit would be capped at $200.

It’s pretty easy to get this deal. All that you need to do is to create your new customer account, deposit $10 or more and then the deal will be activated without the need for any kind of promo code.

This means that you should find your deposit has been doubled with promo credit that you can use as stakes for your sports bets. You can’t withdraw this promo credit without wagering it at least once, and you get just short of one month to use this deal. A simple deal that should make your first month at Prophet Exchange a lot of fun!

We’re not saying that the Prophet Exchange website looks boring, just that it kind of falls short of capturing all of the fun and drama of sports betting. Thankfully the cool black and white color tones keep the site calm and you can at least read everything pretty easily.

Onto the actual betting interface and you’ll find everything works fairly normally. This means that you can simply browse through the betting markets and then bet on odds that already have liquidity or request your own bets. We found that the whole process was smooth, there weren’t any annoying glitches and even the live betting platform was fast and effective.

We should definitely note the fact that there is a great betting app available for iOS and Android devices. You can download this to your smartphone or tablet and from here just tap your way to some of the best betting odds on the market. Easy!

This is the only point where we realized that Prophet Exchange is a pretty new betting site and may not have everything fully set-up yet. This is because there is no provision for making credit or debit card payments here.

Instead, you’ll have to make a deposit either via ACH bank transfer, wire transfer or go to the casino cage at Harrah’s in New Jersey which obviously isn’t ideal. The good news is it doesn’t cost you a dime to make a deposit, all of our deposits went through pretty much instantly and you can make deposits from just $10 at a time.

Withdrawals also can only be made via ACH bank transfer, wire transfer or the casino game. You can request a payout from a minimum of $10 and you shouldn’t be affected by any withdrawal fees. The timescales for your withdrawals are roughly similar to what you’d get at other online sportsbooks. This means that you should always get paid any winnings made in under one week.

There’s nothing more annoying than a betting site that’s bad at customer support. This is because you never know when you are going to need some help with anything from making a deposit to requesting a withdrawal. Thankfully, we found that Prophet Exchange is a betting site that truly looks after its customers.

We found that we could easily get in touch with the brand via the live chat feature, and there was also the option to email the Prophet Exchange customer service team. You can also try your luck contacting Prophet Exchange via social media, although there is nothing in terms of telephone support.

Just so you know, the Prophet Exchange office hours are only open between 10am and midnight EST. Thankfully there is a pretty good FAQ section that has a lot of useful articles about topics like geolocation, verification, deposits, withdrawals and so on.

Your online security should always be at the heart of any good Prophet Exchange reviews. After all, you’re going to be playing with real money so it’s best to know that the sportsbook isn’t going to run away with your cash.

Thankfully, it looks like Prophet Exchange is a sportsbook you can trust. This is because it is licensed by the New Jersey Division of Gaming Enforcement. Such licensing means that Prophet Exchange is licensed to operate all over the Garden State, and the fact that it’s regulated means that you’ll get a decent amount of customer protection should something go wrong.

Like all good sportsbooks, the Prophet Exchange website features SSL-level encryption which makes sure that all data that goes between your browser and the site stays in safe hands. Plus there’s even a pretty impressive number of player protection tools here so that you can put limits on your deposits and so on. All you need to stay in control of your bets at this innovative betting exchange.

So, the closest thing that we could find to any kind of reward program was a mention of a VIP scheme in the Prophet Exchange terms and conditions. It looked like this would slash some of the commission fees that you have to pay on your net winnings. Sadly, we couldn’t find any further information about what you have to do to become a VIP at Prophet Exchange.

Thankfully, it looked like there were plenty more cool deals that customers could get long after they’d used up their welcome offer. These featured some tasty giveaways such as signed merchandise from star NFL players like Victor Cruz and so on. Plus you could even earn up to $50 in promo credit just for persuading a friend to sign up to Prophet Exchange for the first time. All of which should help to encourage a little ‘brand loyalty’ in you!