ProphetX is offering a promotion for new users that allows them to trade $10 and receive $20 in bonus funds. This offer is available for the upcoming WNBA game between the New York Liberty and the Las Vegas Aces, accessible via the promo code NYPBONUS.
The promotion requires new users to sign up using the specified promo code, verify their account, deposit funds, and then trade at least $10 to unlock the $20 bonus. ProphetX operates as a sports prediction market regulated by the U.S. Commodity Futures Trading Commission (CFTC), functioning as both a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO).
Instead of traditional betting, ProphetX allows users to trade event contracts. These contracts have prices ranging from $0.01 to $0.99, fluctuating based on market sentiment and user activity. Each contract settles at $1 if the prediction proves correct and $0 if it is incorrect, allowing users to profit from the difference between their purchase price and the settlement value.
The New York Liberty currently hold a better record than the Las Vegas Aces, although both teams have seen recent performance dips. The Liberty have a strong record of 8-1 against teams within their own conference, a statistic that may favor them in this matchup, as the Aces are 4-6 in conference play.
A key factor in Sunday's game will be containing Liberty player Marina Mabrey, known for her potent scoring ability. Mabrey has previously scored 53 points in a WNBA record-setting performance and has had multiple games this season with nine successful three-point shots. The promotion is subject to regulatory approval and limited-time terms and conditions.