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You can play prophetx in 40 states plus washington, dc, They launched in new jersey as a betting exchange in 2022 but shut down in spring of 2024 and announced it would relaunch as a sweepstakes platform soon, Instead of betting against the house, you enter a contest for redeemable usd, The restricted states include arizona, idaho, louisiana, michigan, montana, nevada, new jersey, ohio, tennessee, and washington. The california department of financial protection and innovation enacted these regulations to better govern digital asset platforms like prophetx, ensuring compliance with consumer protection standards and antimoney laundering laws. These include ak, az, ar, ca, ct, de, fl, ga, hi, il, in, ia, ks, ky, me, md, ma.
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Prophetx is applying to go nationwide in the us and take on its rivals in the booming industry for sportsthemed prediction markets and. Prophetx launches revamped exchange platform in 39 states. The sweepstakes sports betting platform, which has seen its current business model threatened by a sharp uptick in regulatory scrutiny, confirmed to sportico that it is applying to become a federally regulated prediction market exchange overseen by the commodity futures trading commission cftc.
These Include Ak, Az, Ar, Ca, Ct, De, Fl, Ga, Hi, Il, In, Ia, Ks, Ky, Me, Md, Ma.
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