ProphetX, a sports prediction market, is offering a promotional deal for new users ahead of NFL Week 1. By using the promo code NYPBONUS, customers can trade $50 and receive $75 in prediction market value.
The promotion is applicable to new users who register with the code and then make trades totaling at least $50. The $75 bonus can be used for subsequent trades on the platform.
ProphetX operates as a federally regulated sports prediction market where users trade event contracts valued between $0.01 and $0.99, reflecting market sentiment rather than traditional fixed-odds betting. The platform is available in most U.S. states where regulated prediction markets are permitted.
This week's promotion coincides with the NFL season opener between the New Orleans Saints and the Detroit Lions. The Saints, entering their second year under coach Kellen Moore, finished the previous season with a 6-11 record. The Lions are looking to improve on a 9-8 record from the last season. Both teams are facing challenges with key player injuries heading into the matchup.
Trading sports event contracts carries substantial risk and may not be suitable for all investors. ProphetX is regulated by the Commodity Futures Trading Commission (CFTC).