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Prophet Exchange is now available in New Jersey, making it one of the first betting exchanges available in the United States.
With Prophet, a so-called peer-to-peer site, bettors devise their own bets and odds, which can make for better payouts than with a traditional sportsbook app.
In our review, we’ll tell you what makes the Prophet Exchange app different and why it might be for you.
New users in New Jersey can use our click-to-claim Prophet Exchange bonus code to get started with a 50% deposit match up to $250.
Prophet Exchange Sportsbook New Jersey Promo Code For November 2024
Sports bettors in New Jersey can use the Prophet Exchange promo code to receive a deposit match welcome bonus of 50% up to $250.
New customers will need to create an account on the Prophet Exchange app, be verified, and make a deposit to receive the welcome offer.
Terms and conditions apply to all Prophet Exchange offers.
| Prophet Exchange NJ Online Bonus Code | Click to Claim |
| Prophet Exchange Promo Code | 50% Deposit Match up to $250 |
| Prophet Exchange App Available States | New Jersey (Indiana coming soon) |
| Prophet Exchange New Jersey Partner | Caesars Entertainment |
The Prophet Exchange promo code is unique because it doesn’t require new users to make a first bet to win some sort of reward.
New Prophet Exchange app users simply need to click our exclusive link and make a deposit in order to unlock the welcome offer. Prophet Exchange will then match 50% of that deposit, up to $250.
But remember, you only get to use this offer once. Figure out how much you’re willing — and can afford — to deposit on the Prophet Exchange app the first time to take full advantage of the promotion.
See Prophet Exchange In Action
The Prophet Exchange promo code is unique because it doesn’t require new users to make a first bet to win some sort of reward.
New Prophet Exchange app users simply need to click our exclusive link and make a deposit in order to unlock the welcome offer. Prophet Exchange will then match 50% of that deposit, up to $250.
But remember, you only get to use this offer once. Figure out how much you’re willing, and can afford, to deposit on the Prophet Exchange app the first time to take full advantage of the promotion.
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The Prophet Exchange app in New Jersey is very similar to other traditional sportsbooks. It offers a menu of games sorted by sports leagues, so players can browse markets that interest them.
Right now, Prophet Exchange offers NFL, MLB, and college football markets. Moneyline, point spread, and totals markets are currently available.
Betting Exchanges vs. Sportsbooks
A key difference for betting exchanges — including Prophet Exchange — when compared with traditional sportsbooks is that players don’t just select a line created by an oddsmaker and bet on it.
Prophet Exchange players can find bets offered by other users and “buy” them for the monetary value and assigned odds. They can also create their own betting markets to see if anyone will bite on the listing.
These bets are often devised by fans instead of bookmakers, adding an interesting and fun element to this system.
Exchanges: Where Fans Become Oddsmakers
When it comes to sports, it’s easy for emotions to be swayed by the performance (or lack thereof) of a fan’s favorite team.
At Prophet Exchange and similar platforms, it’s feasible that a fan’s strong feelings towards their team will influence the odds or bet amount they decide to offer. This can create value opportunities for savvy players to swoop in and grab more favorable odds than what’s available at traditional books.
The business model of sports betting exchanges, like the Prophet Exchange app, allows it to reduce the vig and translate that to the bettors. While traditional sportsbooks often build in vigs as high as 5% to make sure the house stays in business over the ups and downs of betting cycles, Prophet Exchange keeps that number as low as 2.5%, which translates into better deals for bettors.
The deposit methods for the Prophet Exchange app include all typical methods:
Prophet Exchange Deposit Methods
Online Banking (ACH): Not all banks allow deposits to online gambling sites.
Wire Transfer: These can take three business days, so they’re better suited for larger deposits.
Cash at Harrah’s: The cash cage at the Harrah’s Casino in Atlantic City that Caesars operates can facilitate transfers (a call ahead is recommended).
Prophet Exchange Cashout Methods
Online Banking (ACH): The typical method for most customers.
Wire Transfer: A good solution for large withdrawals.
Cash at Harrah’s: Harrah’s Resort Casino cash cage at Atlantic City.
The Prophet Exchange app is available through its desktop computer site, iOS, and Android devices. Here’s how they stack up.
Prophet Exchange New Jersey iOS App
The Prophet Exchange iOS app is smooth and intuitive, with an interface that’s easy to understand and maneuver. Under each betting market, the “liquidity” — or the maximum amount of each bet that can be matched — is listed to aid in betting decisions. Performance is smooth without interruption.
Prophet Exchange New Jersey Android App
The Prophet Exchange Android app (available in the Google Play store) is very similar to its Apple cousin, displaying the same necessary betting information.
Prophet Exchange Via Web Browser
The desktop version of the Prophet Exchange app provides all the same functionality and benefits from the additional space to spread out. The betting markets are easily found on the left side of the screen and the primer under “Bet Slip” will undoubtedly be useful to players new to betting exchanges.
The Prophet Exchange App should provide seasoned sports bettors with an experience they recognize and a platform that will keep them interested. It’s also engaging enough for newcomers, encouraging them to look around and take advantage of the Prophet Exchange promo offer.
The PE app is smooth and doesn’t throw up roadblocks for setting up an account, browsing, creating, or placing bets.
The Prophet Exchange App and the desktop site have something to offer to all levels of sports bettors who are looking for something a little different.
The promo code for new customers isn’t as lucrative as some of the huge customer-acquisition bait deals that sportsbooks were throwing around earlier this year. But, it’s reasonable and offers a great bonus that users can collect without having to place any bets.
So far, only New Jersey sports bettors can use the app but Prophet Exchange plans to launch in Indiana in 2024.
Is the Prophet Exchange App Legit?
Yes, the Prophet Echange app is fully licensed by the New Jersey Department of Gaming Enforcement. Companies don’t get to legally take sports bets in New Jersey without passing that group’s rigorous approval process. Its partner in New Jersey is Caesars Entertainment.
Prophet Exchange App vs. Offshore Sites
The Prophet Exchange app is fully licensed to do business in New Jersey. It did the paperwork, paid the fees, and went through the background check. That seal of approval is all bettors in New Jersey need to know that they will be safe playing with Prophet Exchange.
There are so many legitimate sites available in New Jersey that patronizing offshore sites have no merit. Outside the reach of American consumer protection laws, these sites can’t safeguard your identity, your deposits, and any winnings you might have coming.
It’s not worth it.
Prophet Exchange App: Quick Facts
| Age requirement at Prophet Exchange NJ App | 21 years or older in New Jersey |
| All states with Prophet Exchange | New Jersey |
| Prophet Exchange App land-based partner | Caesars Entertainment |
| Information Verified | November 2024 |
Prophet Exchange Sportsbook New Jersey FAQs
Yes. It’s fully licensed for any players 21 years and older and within New Jersey state lines.
There are links for the iOS and Android apps on the Prophet Exchange website. The app is also available in the Google Store.
You can unclock a 50% deposit match welcome bonus (up to $250) with our click-to-claim bonus code.
No. Prophet Exchange only offers sports betting through its betting exchange platform.
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