ProphetX
Summary active Updated Jul 28, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
About
ProphetX operates a federally regulated, peer-to-peer sports prediction market. The company received CFTC approval to operate as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO), launching its exchange for sports event contracts in June 2026 12. On 2026-07-28, ProphetX announced a $35 million funding round co-led by Parlay Capital and Data Point Capital, with participation from FDJ Ventures, Greenwave Ventures, Connexa Capital, Impellent Ventures, The Operating Group, Sharp Alpha Advisors, Chicago Trading Company Ventures, Belvedere Trading, principals at White Swan Data and Consolidated Trading, and Ematiq 12. Proceeds will fund liquidity, B2B partnerships, and platform scaling 12.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-28 | Growth | $35M | Parlay Capital, Data Point Capital | FDJ Ventures, Greenwave Ventures, Connexa Capital, Impellent Ventures, The Operating Group, Sharp Alpha Advisors, Chicago Trading Company Ventures, Belvedere Trading, Ematiq 12 |
What Investors Say
No independently sourced investor quotes located at press time.
What Founders Say
No independently sourced founder quotes located at press time.
Sources
-
Covers, “ProphetX Raises USD 35M to Scale its Sports Prediction Market Platform,” July 28, 2026. Accessed July 2026. https://www.covers.com/industry/prophetx-raises-35m-to-scale-its-sports-prediction-market-platform-july-28-202↩↩↩↩
-
EGR North America, “ProphetX secures USD 35m funding round with backing from FDJ United Ventures,” July 28, 2026. Accessed July 2026. https://www.egr.global/northamerica/news/prophetx-secures-35m-funding-round-with-backing-from-fdj-united-ventures/↩↩↩↩