ProphetX Fees Overview
- Fees Structure: ProphetX charges a 2% commission only on net winnings within each market, rather than applying fees to every trade.
- Key Benefit: A user-driven marketplace with fairer odds and a simple, win-based fee model that aligns costs with actual profits.
Deposit & Withdrawal Methods
Payout Speed
Up to 48-72 hours
ProphetX is a sweepstakes betting exchange where users can make predictions on a wide range of sports, including the NBA, NFL, MLB, NHL, soccer, golf, tennis, and NASCAR. The platform is available in 38 U.S. states.
Your bets go up against other users, not the house. A trade only goes through if another user takes the other side at your price, or if you accept the opposite side at a price another user has already posted.
ProphetX only charges fees on winning bets. More specifically, the platform takes a 2% commission on winning markets.
ProphetX Pricing & Fees
ProphetX doesn’t create lines the way FanDuel or BetMGM does. Traditional sportsbooks publish their own odds and bake in a vig, while ProphetX lets users post prices and trade against each other in a peer-to-peer market.
As more people jump into a matchup, the back-and-forth between user offers can pull the odds closer to true market value and, in many cases, create odds that have positive expected value.
ProphetX often offers better lines than traditional sportsbooks because it does not bake a vig into each market. It can even come out ahead of prediction markets in some cases, since fees on prediction markets usually apply on every trade, not just winning ones.
There is one important catch, though. For the better price to be useful, there has to be enough money in the market for your bet to get matched.
When liquidity is low, that does not always happen. A market can look attractive, but you may not get your bet matched at all.
How ProphetX Fees Compare to Other Prediction Markets
Here’s how ProphetX's fees compare with other prediction market platforms.
| Platform | Fee Model | Fees |
|---|---|---|
| Kalshi | Probability-based maker/taker fee | $0.0007 to $0.0175 per contract for taker orders and $0.000175 to $0.004375 per contract for maker orders |
| Polymarket | Formula-based trading fee | contracts × price × (1 − price). Taker fees range from about $0.0005 to $0.0125 per contract. Maker orders have no fees |
| OG | Flat per-contract fee | $0.02 per contract |
| Novig | No-fee model | No fees |
| Crypto.com | Contract-based fee | $1 contracts: $0.02 to open or close early, with no fee if held to a win. $10 contracts: $0.20 to open or close, reduced to $0.10 on a winning settlement |
| ProphetX | Commission on winnings | 2% commission on winning bets |
| Underdog | Flat per-contract fee | $0.02 per contract |
| Fanatics Markets | Per-contract fee | $0.0034 to $0.02 per contract, depending on contract price |
| Sporttrade | Profit-based commission | 2% on net profit |
| Robinhood | Per-contract fee | $0.02 per contract, with $0.01 paid to Robinhood and $0.01 paid to Kalshi |
| PrizePicks | Per-contract fee | $0.005 to $0.02 per contract |
| FanDuel Predict | Payout-based commission | 2% on potential payout |
| DraftKings Predictions | Flat per-contract fee | $0.02 per contract |
| PredictIt | Profit-based fee | 10% on profits from winning trades |
Our Other ProphetX Guides
