Esports Betting / Prophet Exchange Review

Prophet Exchange Reviews & Ratings for June 2023 - Is it legit and safe to play?

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User Reviews

Welcome to our Prophet Exchange reviews. Take a look below to see why this operator gives you a whole new way to enjoy sports betting in New Jersey!

Prophet Exchange is a betting exchange which means that it might operate a little differently from a regular sportsbook. But don’t worry, as we are here to show you how you can get some unbeatable odds and promo deals from Prophet Exchange. So keep reading to see what we discovered in our Prophet Exchange review!

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Prophet Exchange: Pros & Cons
  • Innovative betting exchange
  • Great welcome promo
  • NJDGE regulation
  • Responsive customer support
  • Not for rookies
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
    4.4/5
  • Usability, Look & Feel
    4.0/5
  • Payment Methods
    4.2/5
  • Customer Service
    4.3/5
  • Licence & Security
    4.1/5
  • Rewards & Loyalty Program
    4.1/5
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 30/05/2023
Fact checked by: Sophie McCarthy

Bonus offer - generous welcome promo found in our Prophet Exchange reviews

We started off our Prophet Exchange reviews by having a look at the brand’s promo deal for new customers. This is a matched deposit deal that will match your first deposit by 100% up to $200. So if you signed up to Prophet Exchange for the first time and deposited $100, you would get $100 in extra wagering credit to play with.

We should note the fact that this promo credit comes with a 1x wagering requirement. This means that you will have to wager the value of your promo credit at least once before you are allowed to make any kind of withdrawal. Plus you will get just 30 days to use the promo credit before it is removed from your account.

Such terms and conditions aren’t rare when it comes to betting promos, and the small print is actually pretty lenient. All of which could give you a great introduction to this fascinating betting exchange.

Usability, look & feel - top Prophet Exchange ratings for site design

We were seriously impressed with how Prophet Exchange had managed to create a fun and safe peer-to-peer betting community. You can get started here in no time. All that we had to do was to register a new customer account, make a deposit, navigate to the sport you want to bet on, and then you can either request a bet for a specific line, or bet on a market that already has liquidity. Just so you know, you will have to verify your account with some form of personal identity like a passport or driver’s license.

The overall look and feel of the Prophet Exchange site feels professional and well-designed. It features a bold black and white color scheme with just a few touches of light greens and blues to keep everything nicely readable. Navigation is a breeze as all of the sports bets are put into logical categories and there are clear links for important areas like customer support and your account.

While we carried out much of this review on a laptop, you should definitely download the Prophet Exchange app. This is available for Android and iOS devices and it gives you a quick and easy way to swipe through all of the odds, tap the screen to request a bet and so on. All in all, a nicely designed betting exchange.

Payments - is Prophet Exchange secure for payments?

We found that Prophet Exchange offered a slightly smaller selection of payments compared to what you get at standard online sportsbooks, but all of the featured payment providers are trustworthy.

This means that you can make safe and efficient deposits through ACH online banking, carry out a regular wire transfer or use the Cash at Counter service at Harrah's Resort in Atlantic City, New Jersey. Sadly, there is currently no provision for using a credit or debit card for deposits, although all of our deposits went through virtually instantly. Just so you know, the minimum deposit amount is $10.

Your withdrawal options are the same as above meaning you can request a payout via ACH bank transfer, wire transfer or the Harrah’s casino cage. Again, you’ll have to make a withdrawal request of a minimum of $10 and the processing times will vary according to the payment method used. On the whole, it should rarely take longer than three to five working days for the money to land in your account.

Customer service - good customer care found in our Prophet Exchange reviews

Customer support is an incredibly important part of any Prophet Exchange review. After all, you will want to make sure that you are well taken care of, especially if you have never used a betting exchange before.

So we were pleased to find that Prophet Exchange operates a very friendly and professional customer service team. We found that we got impartial and efficient answers to a variety of questions about the betting exchange.

All that you have to do is to fire up the live chat service and you’ll quickly get the answer you’re looking for. We should also note that Prophet Exchange’s customer service agents can also be reached via email, telephone and through its social media platforms.

Just remember that the Prophet Exchange customer service office hours are only open between 10am and midnight EST. If your query falls outside of these hours it might be best to check out the brief but useful FAQ section on the Prophet Exchange website.

License & security - is Prophet Exchange reliable?

Any decent Prophet Exchange reviews will tell you how this brand is licensed and regulated. So we were pleased to discover that Prophet Exchange is licensed by the New Jersey Division of Gaming Enforcement. This licensing means that you can legally play at Prophet Exchange from anywhere in the Garden State and there is special GeoComply software to make sure that all bets take place from within state borders.

You’ll have to provide a fair amount of potentially sensitive personal information like your social security number when you first sign up to Prophet Exchange. Thankfully, Prophet Exchange runs a fully encrypted website and there’s a lengthy privacy policy that discusses all of the steps taken to keep your data safe.

We were also pleased to see that Prophet Exchange features a variety of responsible gambling tools. These allow you to do things like put sensible limits on your deposits or even your wagering. Plus there are some extra measures that you can introduce so that you can give yourself a cooling-off period or even exclude yourself from the betting exchange. All you need to stay safe with your sports bets.

Rewards & loyalty program - no signs of rewards just yet

So we didn’t find any kind of a regular reward program on the Prophet Exchange site. We shouldn’t be too tough on Prophet Exchange for this because it’s still a relatively new betting site. Plus we did find some evidence of what might be a forthcoming VIP scheme in the terms and conditions. This looks like it might do cool things like reduce your commission fees.

Thankfully, we did find a few more deals that should keep existing customers at Prophet Exchange busy. There was a great little refer a friend deal that could give you $50 in promo credit just for bringing a friend to the betting exchange for the first time.

Plus we saw some great social media giveaways like the one that had prizes like a football jersey signed by New York Giants Super Bowl-winner Victor Cruz. All of which should be enough to keep you sticking around at Prophet Exchange a little longer.

Betting markets - impressive number of lines found in our Prophet Exchange reviews

We were impressed to find that Prophet Exchange features many of the betting lines that you’d expect from any decent online sportsbook. This means that you don’t have to just settle on some money line bets, but can hunt down the value with bets on things like the spread, totals and so much more. Plus a big part of the Prophet Exchange platform is the fact that it is you who have the power to create your own markets and hope that other bettors will take up your odds.

Obviously the bets on offer will be determined by the fact that you need someone else to bet against. This is because you will be betting against other bettors rather than the sportsbook. Thankfully you’ll be able to find all of the major sports featured here like the NBA, NCAAB, NCAAF, NFL, NHL, MLB and much more.

The only real downers that we found were the fact that you can’t put down parlays or teasers at Prophet Exchange, and it also looks like you can’t enjoy props betting at the moment. While this is a shame, it’s a small price to pay for being able to enter in your odds, stake, even spread and totals on what looks like a very impressive betting platform.

Odds - amazing odds discovered in these Prophet Exchange reviews

Now to the most enjoyable part of our Prophet Exchange reviews. This is because this is where we examine whether Prophet Exchange lives up to the hype of being able to serve up the best odds.

After all, Prophet Exchange is a betting exchange which means that you have the power to request odds if you don’t see any odds that you want to bet on. So if you want to request +100 odds on spreads and totals, then you can do it at Prophet Exchange and hope that someone takes you up on your bets. It’s also worth noting that we saw some seriously low juice on a variety of money lines that would put most ‘normal’ online sportsbooks to shame.

But if you’re getting great odds by betting against other bettors, then how does Prophet Exchange make its money? Well, you will have to pay a small commission fee on any net winnings made. It’s a small price to pay and these commission fees are actually pretty good value.

Live betting - our Prophet Exchange reviews of betting live

Just because Prophet Exchange is a betting exchange doesn’t mean that you can’t enjoy live betting here. We found that this site operates a fast and fun live betting platform where you bet on odds put on by other bettors or even try your luck requesting your own live betting odds. Just remember that the live betting platform has an eight-second delay which is standard for betting sites and should be factored into your bets accordingly.

Limits - no limiting found in our Prophet Exchange reviews

One of the great things about Prophet Exchange is the fact that it is keen to express the fact that it operates ‘no limiting’ on its betting exchange. This means that players are free to wager and win as much as they want to. So as long as you understand the risks of this ‘zero limiting’, then you should definitely give Prophet Exchange a try.

Conclusion - top sportsbook discovered in our Prophet Exchange reviews

Betting exchanges aren’t easy to come across in the US, but Prophet Exchange gives you a great example of what you should be looking for in this unique kind of betting platform. It’s the sheer flexibility of being able to select your own odds, as well as things like spread and totals, that gives Prophet Exchange its true power. This basically gives you a great way to get potentially much better odds than you’d get at a regular sportsbook.

Obviously, all of this comes at a cost. The fact that there aren’t props bets or parlay bets might put some people off, and it’s fair to say that betting exchanges probably aren’t a great choice if you have never bet on sports before. We should also note that the commission fees you have to pay aren’t always immediately obvious, so you should definitely factor them in. On the whole, we think that this is a very impressive betting exchange. So if you have any interest in getting ground-breaking betting odds, be sure to sign up to Prophet Exchange!

Prophet Exchange reviews FAQ

❓What’s the difference between a sportsbook and an exchange?

Read our Prophet Exchange reviews and you’ll instantly understand why a betting exchange is very different from a regular online sportsbook. Plus, if you take the time to read our Jock MKT review, you’ll quickly get to understand which of these operators is the best for your sports betting needs.

✅Is Prophet Exchange legal in New Jersey?

Make sure that you read our Prophet Exchange reviews to see whether this betting exchange is legally operating in New Jersey. Remember that each US state has very strict laws regarding which operators are allowed to offer bets there. Plus we’d never recommend any betting site unless we knew that it was 100% legal in your state of residence.

👀How does the Prophet betting exchange work?

Check out our Prophet Exchange reviews to see how this betting exchange works. By reading our review, you’ll quickly get to see whether you should try your luck at Prophet Exchange or stick to a betting site like the one found in our Pulsz review. All of which should help you find the perfect home for your sports betting needs.

🎁Can I get a promo from Prophet Exchange in NJ?

Be sure to read our Prophet Exchange reviews to see whether you can get any promo deals from this betting site. Not only will we see what kinds of deals are available, but we’ll also reveal what you have to do to get these special offers. Plus you’ll get to see how any promotions shape up next to other deals like the ones found in our Hollywood Casino review.

📱Is there a Prophet Exchange app?

Our Prophet Exchange reviews will tell you everything you need about the basic functionality of this betting exchange. Not only will we give you our verdict on how user-friendly the betting site is, but we’ll also examine what provisions it makes for mobile users. All of which should help you see whether there is a Prophet Exchange app that you can download to your smartphone or tablet!

Overall conclusion - great findings in our Prophet Exchange reviews

We had a great time carrying out our Prophet Exchange reviews. The fact that it is operating as a betting exchange is a breath of fresh air at a time when all online sportsbooks were starting to feel very similar. Above all, this betting exchange offers you a fast and fun way to request your own bets and potentially get some seriously competitive odds.

All of the legal and security arrangements of Prophet Exchange were as we’d expect. This means that you can come here and know that it is legal and regulated to give you a safe and fair betting service. Plus you can enjoy quality customer support to get you through any teething issues at the betting exchange.

Our only real concerns were the fact that there were relatively few payment methods on offer and there’s also the fact that betting exchanges probably aren’t for newbies to sports betting. But on the whole, we loved what we found at Prophet Exchange, so make sure that you sign up to this innovative betting exchange.

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Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

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