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Betting.net / Prophet Exchange Review

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

We compare Prophet Exchange against the best Sportsbooks!

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Prophet Exchange Sports
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  • Amazing sports odds
  • Live betting available
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User Reviews

Looking for some honest Prophet Exchange reviews? You’ve traveled to the right place. Keep reading to see why this sportsbook could give you some amazing odds for your betting adventure!

Prophet Exchange is a betting exchange. This means that you bet against other bettors and can even set your own odds, as well as things like spread and totals. Plus there’s even a big welcome offer to kick things off. Sounds good, right? Take a look at our Prophet Exchange reviews below to learn more about this awesome betting exchange!

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Prophet Exchange: Pros & Cons
  • Fun betting exchange
  • Licensed in NJ
  • Great betting odds
  • Good customer support
  • Few payment methods
Payment Methods
License
New Jersey (US)
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
  • Bonus Offers & Free Bets
    4.6/5
  • Usability, Look & Feel
    4.1/5
  • Payment Methods
    4.4/5
  • Customer Service
    4.5/5
  • Licence & Security
    4.3/5
  • Rewards & Loyalty Program
    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%
Last Updated on May 14, 2024
Fact checked by: Jesse M Cox

Bonus offer - matched deposit promo found in our Prophet Exchange reviews

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!

Usability, look & feel - our Prophet Exchange reviews for functionality

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!

Payments - the only weak spot in our Prophet Exchange reviews

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.

Customer service - is Prophet Exchange reliable for customer care?

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.

License & security - is Prophet Exchange secure?

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.

Rewards & loyalty program - more deals found in our Prophet Exchange reviews

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!

Betting markets - the most enjoyable part of our Prophet Exchange reviews

Prophet Exchange doesn’t cover all of the sporting events taking place in the world, but you can use this betting exchange to bet on all of the big US sports like football, basketball, hockey and baseball. Plus there’s pretty good coverage of college sports so that you can get odds for things like the NCAAB, NCAAF and so on.

Obviously, a key part of Prophet Exchange is that you don’t bet against the sportsbook, but other players instead. So here you will bet on odds provided by other bettors, or you could ‘request’ your own bet. At the moment, you can request bets for the moneyline, as well as the spread and even totals. Unfortunately, it doesn’t look like Prophet Exchange lets you bet on props, parlays or teasers at the moment.

Odds - our Prophet Exchange reviews for betting odds

So, we can’t really have Prophet Exchange reviews without discussing odds. Because Prophet Exchange is a betting exchange, it means that you could set some seriously competitive odds that give you the best price on the market – as long as someone else is willing to take you up on your bets.

Thankfully, it looks like Prophet Exchange is attracting lots of sports betting fans, and so you should be able to find the required liquidity to get some great odds for everything from the NFL and NBA to the NHL and MLB.

The one thing to remember is the fact that Prophet Exchange will request a commission fee from all net winnings that you make. This is actually fair enough, because it is the only way that Prophet Exchange will make any money for its betting exchange service and the fees aren’t too bad.

Live betting & streaming – more top Prophet Exchange ratings here

We found that Prophet Exchange operates a fast and enjoyable live betting platform. This gives you a great way to bet live against other bettors even after the big game has begun. It’s pretty surprising that you can actually do this on a betting exchange, but it’s a testament to the innovation on display at Prophet Exchange. Just remember to factor in an eight-second delay to any live betting odds on offer.

Again, there’s not the largest number of sports here to bet on live, but you’ll be able to bet in real-time on the money line, spread, totals and so on. If only Prophet Exchange could include a few more fun features like live streaming, we think that it would be onto a winner.

Limits - fair limits found in our Prophet Exchange reviews

Because you are using Prophet Exchange to bet against other bettors rather than the sportsbook, it doesn’t feature betting limits like you’d normally get. This actually opens up a lot more freedom in your bets compared to other online sportsbooks. Just remember that you’ll only be able to put your bets down if there is someone else willing to accept your requested bet. Just so you know, we took a look through the terms and conditions and it looks like there aren’t any limits on your maximum winnings either.

Product summary - awesome findings in our Prophet Exchange reviews

If you’ve made it this far through our Prophet Exchange reviews, you’ll know that this is a great betting exchange. Any site that lets you set your own odds is offering something truly new and it should surely be enough to tempt you away from regular online sportsbooks.

We loved the way that Prophet Exchange offered you enough flexibility to not only request your own money line odds, but even set things like your own spread and totals too. The lack of ability to try props betting was a bit disappointing, but it’s a small price to pay for what is an excellent betting exchange.

The only criticism we had here was the fact that it wasn’t immediately obvious that you would have to pay commission fees on your net winnings. We’re pretty sure that Prophet Exchange wasn’t being deceptive here, it’s just that it would have been good to have a bit more warning. All of which means that you should definitely sign up to Prophet Exchange if you have any interest in getting some of the best sports betting odds on the market!

Prophet Exchange reviews FAQ

❓How does a betting exchange work?

Read our Prophet Exchange reviews to see how this betting exchange works. Our review will walk you through all of the steps that you have to take to put down your bets here and you will quickly see how a betting exchange can sometimes be used to get some seriously competitive odds. All of which should show you that a betting exchange is very different from the regular kind of online sportsbook.

✅Is Prophet Exchange legal in NJ?

Check out our Prophet Exchange reviews to see whether this betting exchange is licensed and regulated in New Jersey. It doesn’t matter whether we’re reviewing a sportsbook or a social casino like the one in our Pulsz review, as we’ll always put your online security first. All of which should help you see whether Prophet Exchange is acting legally in letting you bet on sport in the Garden State.

📱Can I download a Prophet Exchange app?

Make sure that you read our Prophet Exchange reviews to see if this betting exchange has created its own app yet. We’ve seen some very mobile-friendly gambling operators in New Jersey recently like the one found in our Hollywood Casino review, and so we expect Prophet Exchange would go all-out to ensure that you have an easy way to play from a smartphone or tablet.

🎁What Prophet Exchange promo deals are there?

Be sure to read our Prophet Exchange reviews to see what kinds of promo deals you can get as a new or existing customer. We’ll show you how you can use any promos on your sports bets and reveal what you have to do to claim these deals. Plus, we’ll even compare any deals on offer with the special offers found in our Jock MKT review. All of which should help you find the best betting promos in the Garden State!

🔐How do I get a Prophet Exchange login?

We found that it was fast and easy to get a login at the Prophet Exchange betting site. In fact, the whole signing up process just took a handful of minutes. But make sure that you read our Prophet Exchange reviews to see what kinds of ID documents you need to supply to verify your account. All of which should mean that you can start betting in next to no time.

Overall conclusion - key themes from our Prophet Exchange reviews

Our Prophet Exchange reviews found that this betting exchange is definitely worth a closer look. First of all, it’s giving you a chance to use a betting exchange which is something that’s quite hard to find in the US. This means that you have the power to set your own bets and it could be used to give yourself some truly excellent betting odds.

Everything else about Prophet Exchange is pretty much as we would hope. This means that it is licensed and regulated to legally operate in all of the states that it is operating in. Plus you’re never too far away from quality customer support and the website and apps are exactly like we’d hope.

It’s important to remember that Prophet Exchange hasn’t been operational in the US for too long, and that things are probably going to get even better. This means that you might get more payment methods and even access to things like reward programs. But for now it’s a great start from Prophet Exchange. So sign up to this betting exchange and see what you can win!

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