ProphetX, a privately owned company headquartered in the United States, was founded in 2018 by Dean Sisun and Jake Benzaquen. It functions as a fintech company that operates a peer-to-peer sports prediction exchange, transitioning from a New Jersey sports betting app into a federally regulated derivatives platform after gaining CFTC approval in June 2026. Backed by $35 million in venture funding, the firm monetizes via a 2% to 3% commission on net trading profits and scales by integrating its clearing infrastructure into third-party platforms.
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