ProphetX Promo Code: Use 'COVERS' for Up to 300 in Prophet Cash
Sign up with the ProphetX promo code 'COVERS' to secure up to 300 in Prophet Cash. ProphetX — formerly known as Prophet Exchange — is a new sports prediction exchange platform that varies from traditional betting sites, offering great odds on high-volume bets at low commission rates thanks to the ability to request custom game odds.
Our comprehensive guide outlines how you claim easily claim one of the best sportsbook promos in 2024.
Up to 300 in Prophet Cash
COVERS
ProphetX promo code summary
| 💰 Welcome bonus | Up to 300 in Prophet Cash |
| ⏩ ProphetX promo code | COVERS |
| 💵 Minimum deposit | $10 |
| ✍ Wagering requirements | 1x |
| 🌎 Eligible states | All states excluding AL, CO, ID, KY, LA, MI, MT, NV, OH, TN, and WA |
| 📱 Mobile app | iOS and Android |
| 🕒 Offer expiry | Ongoing |
| ✅ Last verified | Nov. 16, 2024 |
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
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:
Register
Launch the ProphetX sports betting app — which is available on the App Store and Google Play Store — to be redirected to the registration page. Click the 'Register' button and provide some personal information, such as your full name, date of birth, mailing, address, social security number, and phone number. ProphetX will text you a one-time PIN to activate your new account.
Remember: you must register with the ProphetX promo code 'COVERS' to qualify for the promotion.
Deposit funds
Navigate to the 'Purchase section, enter the Prophet Cash package you want to buy, select your preferred banking option, and confirm. You must make a minimum deposit of at least $10 for every purchase, and the funds will be issued to your account instantly.
Make a wager
With funds in your account, you can now browse ProphetX's available betting markets and start placing wagers using either Prophet Points and Prophet Cash.
Withdraw winnings
You can redeem your Prophet Cash for real money easily. Simply head back to 'Shop', select 'Withdraw', choose from the available vendors, and enter the amount you wish to withdraw. You can expect your claim to be processed within five business days, which is the industry standard in 2024.
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 sports betting sites, 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 you can wager on today below:
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.
- Click the 'Prophet Cash' icon on the righthand side of the ProphetX homepage.
- Navigate to 'Purchase' and mobile, Desktop users must select 'Add Prophet Cash'.
- Purchase a package where you will receive Prophet Points and Prophet Cash.
- 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
ProphetX is an industry stand-out in 2024 thanks to its unique approach to online sports betting, acting as a hybrid between a peer-to-peer sports exchange platform and a sweepstakes casino. You can request custom odds and enter contests against other players for real money when you wager with Prophet Cash. Alternatively, you can also use Prophet Points to play for free. If you're looking for a reliable betting site that gives you an edge on your bets, look no further than ProphetX.
Who it's forProphetX 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, as the platform 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 "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 | Nov. 16, 2024 |
ProphetX iOS app
What we like
What we don't like
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.
| Method | Deposit | Process Time | Minimum Amount | Fee |
|---|---|---|---|---|
| Visa | ✅ | Instant | $5 | Free |
| Mastercard | ✅ | Instant | $5 | Free |
| Discover | ✅ | Instant | $5 | Free |
| PayNearMe | ✅ | Instant | $5 | Free |
| Trustly | ✅ | Instant | $5 | Free |
ProphetX Withdrawals
Unlike Prophet Points, you can redeem your Prophet Cash for real money through Trustly. Though I received the payment within 12 hours and appreciate how I can take out as much as $2,500 per transaction, I hope that ProphetX adds more withdrawal options in the future to accommodate users' banking preferences.
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
Latest betting news
Where is ProphetX legal?
Since ProphetX follows the sweepstake 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:
ProphetX bonus comparison
 |
 |
 |
|
|---|---|---|---|
| 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 |
Alternatives to ProphetX
ProphetX Promo Code FAQ
Yes, ProphetX is a legitimate online betting site that is available in 39 states, plus DC in 2024.
You must use the ProphetX promo code 'COVERS' during registraion to claim the operator's latest welcome offer of up to 300 in Prophet Cash.
Yes. Though Prophet Points hold no monetary value, you can redeem Prophet Cash for real money.
Simply input the ProphetX promo code 'COVERS' when you create a new account to claim current the ProphetX welcome bonus.
You can claim a refer friends to ProphetX, enter various social media giveaways, or submit mail-in requests to earn Prophet Cash.
ProphetX is legal in all U.S. states in 2024 except for the following: Alabama, Colorado, Idaho, Kentucky, Louisiana, Michigan, Montana, Nevada, Ohio, Tennessee, and Washington.
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