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

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.

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.

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 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.

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.

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.