ProphetX Raises $35M to Scale America's First Federally Regulated Sports-Native Prediction Market and B2B Platform

ProphetX Raises $35M to Scale America's First Federally Regulated Sports-Native Prediction Market and B2B Platform

/PRNewswire/ -- ProphetX, America's first federally regulated sports-native prediction market, today announced the close of a $35 million fundraising round to...

ProphetX secures $35m funding round with backing from FDJ United Ventures

ProphetX has announced the completion of a $35m (£26.3m) funding round with participation from FDJ United’s corporate venture capital arm, FDJ United Ventures. The round, which ProphetX says will be used for product development, to help scale its B2B platform, and boost liquidity, was led by Parlay Capital and Data Point Capital. ProphetX said it had seen active users and assets on its platform increase by 50% in its first 30 days of starting op…

Event Contract Market Big Enough for Everyone, Says Laila Mintas as 365Prediction Eyes Launch

Eight years after the repeal of PASPA ignited a gold rush across state-by-state sports betting, former iGaming lobbyist and sports business executive Dr. Laila Mintas argues the US gambling industry built the wrong foundation.As Founder and CEO of 365Prediction, Mintas is spearheading a bid to enter the prediction market "gold rush."Despite the legal challenges, Mintas told CasinoBeats in an interview this week that, "the market is big enough fo…