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ProphetX aims to launch first sports-native prediction market

12 November 2025
(PRESS RELEASE) -- ProphetX, a user-driven sports prediction market, announced it has filed applications with the U.S. Commodity Futures Trading Commission to register as a Designated Contract Market and a Derivatives Clearing Organization.

Upon approval, ProphetX would become the first regulated exchange and clearinghouse in the United States built specifically for sports-based event contracts.

The filings represent a significant milestone in ProphetX's mission to bridge the gap between sports and traditional financial derivatives. By seeking dual registration as a DCM and DCO, ProphetX intends to operate a vertically integrated marketplace that allows users to directly trade, clear, and settle event-based contracts under full CFTC oversight.

A key component of ProphetX's regulatory filing is its proprietary Request for Quote (RFQ) Parlay Mechanism, which enables users to construct and price multi-event combinations directly with counterparties. The mechanism mirrors institutional trading protocols used in traditional financial markets, delivering flexibility, transparency and competitive pricing to event-based contracts.

"Our goal has always been to build a transparent, compliant and innovative marketplace that treats sports outcomes with the same integrity and structure as any other asset class," said Dean Sisun, CEO and Co-Founder of ProphetX. "Filing for DCM and DCO status is the next logical step in legitimizing the future of user-driven sports trading."

"The RFQ Parlay Mechanism is a fundamental innovation," added Jake Benzaquen, Co-Founder and CMO of ProphetX. "It allows for dynamic price discovery and efficient multi-leg exposure — features that have long existed in traditional markets but are entirely new to the sports derivatives domain."

ProphetX expects its regulatory review process to continue through 2026 and will work closely with the CFTC and other stakeholders to ensure full compliance with market integrity and customer protection standards.

ProphetX aims to launch first sports-native prediction market is republished from iGamingNews.com.


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