Prophet a New Jersey-based sports betting exchange founded in 2018 has announced that it has entered into a multi-year market access agreement with Caesars Entertainment.
In terms of the agreement signed by the parties, Prophet will launch its ground breaking peer-to-peer sports betting exchange, betprophet.co in New Jersey initially for the 2021 NFL and college football season, and Indiana in 2022 prior to future rollouts to additional U.S. states. Prophet’s services will be offered on web, iOS, Android as well as via their public API.
Dean Sisun, Founder and Chief Executive Officer of Prophet, commented that they are delighted to announce their agreement with Caesars which will see Prophet launch for the 2021 football season.
He went on to say that Prophet is going to be the sports betting exchange of choice because of its simplicity and focus on sports betting principles. He added that they are for the customers who want the best experiences and prices on the market.
Sisun also said that their customers will have the luxury of placing bets on spread and total markets at even (+ 100) odds, not being limited on any action, and also have the ability to create their own odds on markets offered. He explained that, for example, if the spread on a game is -6, but -5.5 is wanted, that offer can be made with Prophet and the same goes for both moneyline and total markets.
Prophet was formerly licensed in the UK and operated out of London. The company brought their team and technology stateside to tackle the U.S. market.