New Jersey-based peer-to-peer sports betting exchange Prophet Exchange has launched following licensing approval from the New Jersey Division of Gaming Enforcement.
Founded in 2018 by CEO Dean Sisun and COO Jake Benzaquen, it becomes the first sports betting exchange to legally establish itself in the US. The group noted that the pair have spent the last four years preparing for a US launch.
Prophet Exchange will initially offer moneyline, spread and total markets for NFL, NBA, NHL, MLB, NCAA football and basketball games, and will continue to add new sports and markets as the platform scales.
“There is an overwhelming amount of emotion I feel for Prophet officially launching as the first fully regulated, peer-to-peer betting exchange in New Jersey,” said Prophet Exchange Co-Founder and CEO Dean Sisun. “This has been a monumentally challenging journey to date, and to see it come to life is an amazing achievement for our team.