ProphetX Raises $35M in Funding

The funding follows the platform’s nationwide launch and supports more market liquidity. Business partnerships and quote requests for multi-event combinations are central to its next expansion.

Round size
$35M
Stage
Undisclosed
Headquarters
United States
Announced
Jul 28, 2026

Trading event outcomes with counterparties

Users set prices and trade contracts directly against other participants. A request-for-quote mechanism lets them seek prices for combinations of events, bringing a negotiated trading workflow to sports prediction markets.

Growing the market and partner platform

The round supports product development, liquidity and business distribution partnerships. Institutional market coverage is another focus as the company expands from its sports foundation into a wider event-contract offering.

Where the funding goes

  • Product development
  • Market liquidity
  • B2B platform and partnerships

Sources

  1. ProphetX: funding announcement
  2. ProphetX: company newsroom
  3. FinSMEs: funding report
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