Under a new market access agreement with Caesars Entertainment, Prophet will launch its sports betting exchange services in New Jersey this year. Furthermore, under the multi-year agreement, the company will launch its services in Indiana in 2022.
Prophet to Launch Services in New Jersey, Indiana
New Jersey-based sports betting exchange, Prophet announced Monday that it entered into a multi-year market access agreement with Caesars Entertainment. Under the agreement, Caesars will see Prophet launch its peer-to-peer sports betting exchange platform Betprophet in New Jersey just in time for the 2021 NFL and college football season. After that, Prophet will launch its innovative platform in Indiana next year. The company’s services will be available on the web, as well as Android and iOS devices via their public API.
An Innovative Sports Exchange Platform
Prophet was founded in 2018 by Dean Sisun, who is currently acting as CEO, and Jake Benzaquen, who is currently COO. Formerly licensed in the UK, Prophet brought its innovative peer-to-peer sports betting exchange platform and technology to the US market, one of the most lucrative markets concentrated on sports wagering.
Prophet’s innovative exchange technology offers players many benefits compared to traditional sportsbooks. The platform allows sports fans to bet on spread and totals at even (+100) odds, breaking from tradition. Furthermore, users of the innovative platform can benefit from lower vig on money line markets and no limits. Last but not least, users who are interested in trading quickly or in bulk can benefit from the ability to market-make with public API access.
Prophet Is Delighted to Ink an Agreement with Caesars
Sisun shared his excitement by saying that the company is delighted to announce the agreement with Caesars. Additionally, he predicted that Prophet is going to be the platform of choice for sports betting exchange by many sports fans because it is easy to use and focused on sports betting principles.
Sisun did not miss saying that Prophet customers can enjoy placing bets on the spread and total markets at even odds, without being limited on any action. Furthermore, he acknowledged that many sports fans can benefit from creating their own odds on markets offered.