New-to-US Prophet to Launch Sports Betting Exchanges in NJ and …

Jul 12, 2021 · Prophet Will Launch First US Sports Betting Exchanges in New Jersey, Indiana. …

FAQs about New-to-US Prophet to Launch Sports Betting Exchanges in NJ and … Coupon?

Is Prophet re-imagining sports betting?

Sporttrade is trying to re-imagine sports betting entirely. UPDATE: Prophet actually overhauled its spreads and totals to remove this straddle and offer the same number. Here's an updated screenshot. 1. The Spread & Total Straddles: Prophet may offer +100 on its spreads and totals, but it never actually has the best spread or total number. ...

Can You bet on Prophet VS sporttrade in Indiana?

The house isn't actually taking any action. And in the U.S., the Wire Act prevents bettors in different states from wagering against each other. So even if Prophet and Sporttrade operated in 30 states each, Indiana bettors could only wager against Indiana bettors, NJ vs. NJ bettors, etc. ...

How are betting exchanges different from the legal market?

They're totally different from what's already available in the legal market. The fundamental model is the same. The executions are very different. Betting exchanges, Prophet Exchange and Sporttrade, have been trying to launch in New Jersey for more than a year. They finally got live ahead of the 2022 NFL season. ...

Is sporttrade a good place to bet on sports?

That said, if live betting is your thing, Sporttrade probably already has the best experience in the market. Prophet's path is a little more straightforward — get enough sports bettors and money on the platform to create a sustainable exchange. ...

Does Prophet have a good spread & total?

Here's an updated screenshot. 1. The Spread & Total Straddles: Prophet may offer +100 on its spreads and totals, but it never actually has the best spread or total number. Their spreads and totals are always a half-point off, because they take what's called a straddle — so the Bears may be +3.5 but the Packers will be -4. ...

Why are New Jersey sportsbooks so interesting?

Two brand-new sportsbooks launched in New Jersey at the start of the NFL season. They're interesting for a few reasons: They're totally different from what's already available in the legal market. The fundamental model is the same. The executions are very different. ...