Prophet Exchange Welcome Offer for New Jersey Residents

This article is dated November 13, 2022, content related to promotions is no longer valid. Any promotion described below has expired.

Prophet Exchange is a new entrant into New Jersey's sports betting community. However, they are not a traditional sports betting operator. Instead, Prophet Exchange offers a sports betting platform that allows sports bettors to act both as bookmakers and bettors. This is an innovative idea that is just gaining traction.

For the benefit of NJ sports bettors who are interested in giving the Prophet Exchange betting exchange concept a go, the operator has posted a traditional welcome offer. Prior to jumping into the fray, prospects should take a moment and review the promo's terms and conditions as presented below.

The Prophet Exchange Welcome offer will start on November 2, 2022, at 12:01 AM ET and run until 11:59 PM ET on December 31, 2022. The only thing new customers need to do to claim this welcome bonus is complete the registration process and make an initial cash deposit of at least $10.

This is a matching deposit bonus offer. New customers can claim a bonus of 25% of their first deposit. The amount of the bonus will be capped at $250. The welcome bonus amount will be distributed to recipients within 72 hours of them making their initial cash deposit.

After receiving the bonus, recipients will have to complete a playthrough requirement. The current playthrough requirement is set at 1x the bonus+deposit amounts. For instance, the playthrough requirement would be $1,250 for a deposit of $1,000 and a max bonus of $250. All wagers made with bonus funds must be made at odds of -300 or higher.

Other Terms and Conditions

1. Prophet Exchange NJ is extending this offer to all new customers who have completed the registration process. After completing that process, new customers will have 30 days to make their initial deposits to claim the bonus.

2. In order to register with Prophet Exchange, new customers must sign in from an NJ IP address. Also, they are required by law to meet the state's minimum online gambling age of 21 years old.

3. Prophet Exchange employees and their relatives will not be permitted to participate in this promo,