• A peer-to-peer sport betting exchange, Prophet Exchange, has proved the benefits of the peer-to-peer exchange approach. During the opening week of the NFL season, Prophet’s customers had the greatest pricing on all football teams, according to data.
• Those that placed their wagers on the platform reaped greater returns.
• The platform’s co-founders encouraged New Jersey players to try Prophet.

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Greater Pay Earned by Prophet Players

Prophet Exchange gained waves since it offered lower costs than its competitors. Statistics indicate that peer-to-peer exchange consumers earned 10% more than those who chose other companies. 

A bettor who risked $100 on each underdog during the first week of the National Football League, for instance, would have made $157.46 more than if he had used a regular sportsbook.

A bettor who wagered $100 on every underdog in week one of the NFL on the Moneyline would have won $207 at a sportsbook, but $318 through Prophet Exchange. 

They offer competitive pricing and greater transparency than traditional carriers. Sisun added that the peer-to-peer model of Prophet Exchange is seeing significant success in New Jersey, which will aid the expansion of the platform. 

Sisun and his team intend to make Prophet the premier betting exchange in the United States.

The Unique System Is Making Headlines

Prophet Exchange debuted in New Jersey a few months ago and is the country’s first officially registered betting exchange. Prophet, unlike conventional sportsbooks, allows players to compete against one another, with one participant acting as the bookmaker. 

Therefore, users can freely set prices and wager on prices set by peers. Moreover, Prophet Exchange does not add margin or vig to its odds and imposes no betting limits. The only factor that matters is if a customer has a betting counterparty.

In New Jersey, the betting exchange is accessible via Android, iOS, and the web and provides sports betting markets for some of the most prominent leagues in the United States. 

This includes college football and basketball as well as the NFL, NBA, MLB, and NHL.

Jake Benzaquen, co-founder and chief operating officer of Prophet Exchange, stressed that his platform delivers the greatest money line odds, as evidenced by the outcomes of the first NFL betting week. 

In addition, he mentioned that new players are eligible for attractive benefits, including a 50% deposit match and a bonus of up to $250.

Former NFL wide receiver Victor Cruz is one of Prophet Exchange’s primary promoters. He placed the initial wager on the exchange, followed by a string of successful wagers.

Our Recommended US Sports Betting Site in 2021

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• The Best Lines, Props And Live Betting
• Accepts Wide Range Of Payment Methods Including Bitcoin
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