Prophet seals Caesars Entertainment partnership to launch in US
Sports betting exchange sets sights on New Jersey and Indiana entry by 2022
Peer-to-peer sports betting exchange Prophet has secured a multi-year market-access agreement with Caesars Entertainment to expand its presence in the US.
Under the terms of the deal, Prophet will launch its betting exchange in New Jersey ahead of the 2021 NFL and college football seasons before going live in Indiana in 2022.
Prophet, which was founded in 2018, also stated there are plans to rollout the product, betprophet.co, in further US states following New Jersey and Indiana.
Prophet will offer its services via web, iOS, Android and their public API.
Dean Sisun, Prophet CEO, said: “We are delighted to announce our agreement with Caesars which will see Prophet launch for the 2021 football season.
“Prophet is going to be the sports betting exchange of choice because of its simplicity and focus on sports betting principles. We are for the customers who want the best experience and prices on the market,” he added.
Sisun co-founded Prophet with Jake Benzaquen, who now serves as COO.
Prophet was previously based in London and licensed in the UK before relocating to New Jersey.
The exchange will be competing with Philadelphia-based Sporttrade which is due to launch imminently in the Garden State as the US’ first regulated sports exchange platform.