ProphetX, a sports prediction market regulated by the U.S. Commodity Futures Trading Commission (CFTC), is offering a promotional bonus for new users. Those who sign up with the promo code NYPBONUS and trade at least $10 on the upcoming Spain vs. Portugal World Cup Round of 16 match will receive $20 in bonus value.
The platform allows users to trade event contracts, which fluctuate in price between $0.01 and $0.99 based on market sentiment. Each contract settles at $1 if the prediction is correct and $0 if incorrect, enabling users to profit from correctly forecasting outcomes. For instance, buying a contract at $0.30 that wins results in a $0.70 profit per contract.
Spain is currently favored in the matchup, listed at -105 on the three-way moneyline, while Portugal is available at +320. The two nations have a long-standing rivalry, with Spain leading the all-time series with 17 wins, six losses, and 18 draws. This will be their third encounter in the World Cup, following a group stage draw in 2018.
To qualify for the bonus, new users must enter the promo code NYPBONUS during the sign-up process, which involves verifying an account, depositing funds, and completing a trade of at least $10. The offer is subject to regulatory approval and has a limited time frame. Terms and conditions apply.
ProphetX operates as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO), overseen by the CFTC.