ProphetX Promo Code: Use 'COVERS' for Up to 300 in Prophet Cash

ProphetX promo code summary

Best ProphetX promo code and bonuses

You don't need an exclusive ProphetX promo code to unlock any bonus in 2024. I've personally claimed each offer outlined below, guaranteeing their terms are reasonable and attainable for bettors of any experience level.  

? ProphetX welcome bonus — Verified ?

Up to 300 in Prophet Cash

COVERS

 Claim 300

If you are new to ProphetX, register an account today with the ProphetX promo code 'COVERS' and earn a 2% bonus back on every play during your first 30 days using the platform, allowing you to snag up to 300 in Prophet Cash. Your promotional period begins when you make your first purchase. 

The earned Prophet Cash carries a 1x wagering requirement that must be fulfilled before you can redeem the funds for real money. This ProphetX promo code welcome offer is currently ongoing. 

? Refer a friend 

Do you know someone tired of traditional online sports betting? Send them your unique referral link found in your 'Account', and you'll receive 10 Prophet Cash after they wager at least 50 Prophet Cash within 14 days of opening their new ProphetX account. 

The referral Prophet Cash bonus must be played through once on any market before it can be redeemed. Your bonus is void if you use your funds to match both sides of a wager. 

ProphetX also offers a VIP refer-a-friend bonus, awarding up to 1,000 in Prophet Cash per referral. Simply get an interested friend to sign up using your unique referral code, and you'll get 10% of their total payout adjustment fees through Feb. 10, 2025, which is when this promo expires. The Prophet Cash earned carries a 1x wagering requirement that must be satisfied before it can be redeemed. 

This offer is only available to select users that ProphetX reaches out to directly via email. If you did not receive an email, you cannot participate in this promotion.

ProphetX also offers a VIP refer-a-friend bonus, rewarding up to $1,000 in Prophet Cash per referral. Simply have a friend sign up with your unique referral code, and earn 10% of their payout adjustment fees through February 10, 2025. The Prophet Cash must be played through once before redemption. This promotion is available only to users who were specifically invited by ProphetX via email — if you didn’t receive an invite, you’re not eligible.

? Mail-in request

You can receive two Prophet Cash daily by submitting a mail-in entry request to ProphetX. Simply complete the registration form by providing the necessary information — your full name, mailing address, email, date of birth, date of registration, and phone number.

? Social media giveaways

You can also earn additional Prophet Cash by entering ProphetX's no-cost giveaway contests on its X account. 

Who can use the ProphetX promo code?

• You must be at least 19 years old and physically present in one of the 40 states ProphetX legally operates in. Laws vary by state that can raise the minimum age to 21.
  
  
• The ProphetX promo code is for new users only, meaning you can only access it if you've never used the online platform previously.

How to claim the ProphetX promo code

You can quickly register with this peer-to-peer sports betting exchange platform when you follow these simple steps:

ProphetX model explained

Exchange betting allows you to virtually become the sportsbook, as you can request your own odds for most ProphetX betting markets. For example, you could request Patrick Mahomes' total passing touchdowns to over 4.5 for his next game. If another user accepts the terms and backs the opposite side of the wager — under 4.5 touchdowns — then your bet is live. If nobody accepts your bet, then your money is returned.

How does ProphetX work?

ProphetX is different from traditional sportsbooks, operating as a mix between a sweepstake casino and a sports betting exchange platform. ProphetX displays the liquidity pool for all existing, in-house betting odds, which shows the amount of Prophet Points or Prophet Cash required to wager on that market. For example, if the over on Patrick Mahomes' total passing touchdowns has a liquidity pool of 83 Prophet Cash, that means you can fully match the bet up to that amount. You can also partially match the bet if you want to wager more, meaning another user will have to match the exceeding portion for the full wager to be live. 

Below is a breakdown of ProphetX's two forms of virtual currency:

? Prophet Points

Prophet Points are available for free play, as they hold no monetary value. You can purchase additional Prophet Points on-site via the banking section. 

? ProphetX Cash

You can only receive Prophet Cash via real-money deposits, referral bonuses, mail-in requests, and social media giveaways. You can exchange Prophet Cash for various cash prizes. 

ProphetX betting markets

Unfortunately, ProphetX only offers a limited number of sporting events and leagues for you to wager on in 2024. Though I anticipate this number will grow soon, I've outlined the sports betting markets you can access today: 

 NFL

NCAAF

 NBA

 NHL

 NCAAB

Soccer

UFC

You can also access a variety of popular futures markets, including Super Bowl LIX odds, 2025 College Football National Championship odds, and 2024 Heisman odds.  

Low commission rates

One of ProphetX's stand-out features is its low commission rates. Instead of automatically applying a commission rate onto all of its betting odds, ProphetX only charges a 3% surcharge to winnings bets, allowing you to score better prices on high-volume bets than at traditional sportsbooks. For example, if you won $100, ProphetX would automatically take $3 from your winnings, leaving you with $97. Since ProphetX offers less vigorish — also known as vig or juice — on its wagers, it allows you to score better odds with a more favorable payout. 

Can you win real money on ProphetX?

Yes, you can win real money on ProphetX! Follow the steps I've outlined below to easily redeem your virtual currency for cash and other great prizes.  

1. Click the 'Prophet Cash' icon on the righthand side of the ProphetX homepage.
   
   
2. Navigate to 'Purchase' and mobile, Desktop users must select 'Add Prophet Cash'.
   
   
3. Purchase a package where you will receive Prophet Points and Prophet Cash.
   
   
4. If your picks win, you can redeem your Prophet Cash to USD and transfer it to your bank account.

ProphetX review

Up to 300 Prophet Cash

COVERS

 Claim 300

Who it's for

ProphetX is a top choice for U.S.-based arbitrage players. The operator charges low commissions and high liquidity for all of its competitive betting odds, allowing you to score more lucrative lines than available at traditional betting sites and place your high-volume bets with confidence. I'd also highly suggest ProphetX to all bettors who currently reside in a state without legalized sports betting and online sportsbooks, as the platform has a sweepstakes model and is permitted to operate in most of these jurisdictions in 2024. 

Covers BetSmart Rating: ? 4.0/5

Bonuses and promotions	? 3.5/5
Banking and payout speed	? 4.2/5
Key features	? 4.2/5
Security and trust	? 4.5/5
Customer support	? 3.0/5
User experience	? 4.0/5
Betting odds	? 4.5/5

User reviews

Editor's note: User reviews may be edited for clarity. 

"For those of that live in states without traditional sportsbooks, ProphetX is a godsend! The odds are incredible. Just want to give a big thank you to the folks behind this app."

- App Store reviewer

"I've been using this app for a while, and it’s truly a game-changer in the world of sports betting. The biggest draw for me is the ability to get the best prices available — no more settling for whatever odds the house decides. The freedom to request better odds or propose my own is a feature I haven’t seen elsewhere, and it makes the experience so much more exciting and rewarding."

- App Store user

ProphetX at a glance

? Sign-up bonus	Up to 300 Prophet Cash
? ProphetX promo code	COVERS
? Top feature	Low commission rates
? Minimum deposit	$10
? Payout speed	Within 24 hours
App Store rating	4.6/5 ? (46 reviews)
Google Play rating	N/A
? Available states	All states excluding AL, CO, ID, KY, LA, MI, MT, NV, OH, TN, and WA
? Offer expiry	Ongoing
? Last verified	Dec. 21, 2024

ProphetX iOS app

What we like

Request custom odds: You never have to settle at ProphetX, as you can request custom betting lines for its available sports. As long as another ProphetX user accepts the other side of your odds, the bet is live, allowing you to gain an even more lucrative payout if it hits. 

Reduced juice: ProphetX doesn't charge a commission automatically to all of your wagers, allowing you to get some of the industry's most favorable betting odds for its available markets.

Can play for fun: While you still have betting options to win real money when playing with Prophet Cash, I appreciate that you can also use Prophet Points to play for fun if that's what you're interested in. 

What we don't like

Lack of customer support: Though I was able to reach the customer service team via email, it did take several days to hear back from them. I hope ProphetX begins offering 24/7 support in the future to respond to requests in a more timely manner. 

Recently revamped platform: The jury is still out on the recently rebranded ProphetX platform. I will be closely monitoring to see what changes, offerings, or improvements the operator implements in the coming months. 

ProphetX deposit options

I was impressed with ProphetX's range of available deposit and withdrawal options, including debit and credit cards — like Visa and Mastercard. All banking vendors come with no fees attached and require a minimum investment of only $5 per deposit. 

ProphetX customer support

ProphetX needs to greatly improve its customer support offerings to get on par with its competitors. You can only reach them between 10 a.m. and 10 p.m. ET, as the operator does not offer 24/7 live or phone support. Though it has an active social media account, discord channel, and email, I really hope that ProphetX expands its customer support capabilities in the future. 

• Live chat: N/A
• Email: hello@betprophetx.co
• Phone: N/A
• Support languages: English
• X (Twitter): @PlayProphetX

Where is ProphetX legal?

Since ProphetX follows the sweepstakes model, the online operator is permitted in states that allow sports betting and those that have yet to legalize it. In 2024, you can access ProphetX in the following jurisdictions:

Arizona

Arkansas

California

Connecticut

Delaware

DC

Florida

Georgia

Hawaii

Illinois

Indiana

Iowa

Kansas

Maine

Maryland

Massachusetts

Minnesota

Mississippi

Missouri

Nebraska

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Texas

Utah

Vermont

Virginia

West Virginia

Wisconsin

Wyoming

ProphetX bonus comparison

	ProphetX	Thrillz Sportsbook	Novig
Welcome bonus	Up to 300 Prophet Cash	100% match up to $25 SC + 150,000 FC	1,000 Novig Coins + 5 Novig Cash
Promo code	COVERS	COVERSBONUS	Not required
Bonus type	Bet match	Deposit match	No deposit bonus
Bonus form	2% back on every play for your first 30 days	Up to $25 SC + 150,000 FC	1,000 Novig Coins + 5 Novig Cash
Wagering period	N/A	N/A	N/A
Min. deposit	$10	$25	N/A
Covers BetSmart Bonus Rating	? 3.5/5	? 4.2/5	? 4.4/5

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