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Prophet Exchange

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The First US Sports Betting Exchange

New York City, United StatesFounded 2018Sports
Valuation $50–100M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Prophet Exchange and the history behind them.

About Prophet Exchange

Prophet Exchange is a peer-to-peer betting platform that allows users to either place wagers or set their own odds for others to bet against. Operating in the sports betting market, Prophet Exchange serves individual bettors who seek better pricing and more control over their bets compared to traditional sportsbooks. The business model is based on facilitating bets between users, thereby eliminating the house's risk and focusing on creating a community-driven betting experience. Prophet Exchange makes money by charging a small commission on matched bets. The platform offers various payment methods including Online Banking via Trustly, Wire Transfer, and Cash at Counter through a partnership with Harrah's Resort in Atlantic City. Dedicated support is available to assist users with any issues or questions they may have. The platform prides itself on welcoming all bettors, regardless of their win/loss record, and aims to provide a fair and enjoyable betting environment.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
New York City, United States
Employees
80
Open positions
None listed
Dealroom signal
89.3/100
Industry
Sports
Sector
Sports
Client focus
b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCOther financing Apr 2023 $10M $40M Undisclosed ↗
ANGELOther financing Jan 2019 $0 — IeAD Sports & Health Tech Partners —
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Growth signals

Prophet Exchange website traffic

Latest recorded traffic for Prophet Exchange is 750 monthly website visits, down 70% over the last three months. Prophet Exchange's team grew 12.7% over the past year.

Latest monthly visits750 3-month web change-70% 1-year team growth+12.7%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • IeAD Sports & Health Tech Partners

Other known investors2 additional known investors

  • CTC Venture Capital
  • Johannes Waldstein
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · New York City HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Prophet Exchange on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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