Ep. 187 features Jake Benzaquen, Co-Founder and CEO of ProphetX, for a deep dive into the company’s latest evolution from regulated exchange to sweepstakes model, to now filing with the CFTC to operate as a fully regulated marketplace for sports event contracts.



Hear him discuss:

• The journey from launching in New Jersey as an OSB to building a national presence under the sweepstakes model


• Why ProphetX is now pivoting to the CFTC model and what it means for the future


• Lessons from scaling a sports betting exchange across multiple states


• How product validation and customer feedback shaped ProphetX’s direction


• Building an RFQ (Request for Quote) system for parlays, and why it’s a game-changer


• Why ProphetX will focus on sports-first markets, and why it's not launching with political or pop culture markets


• The two primary reasons why they decided to launch without an affiliated trading arm


• Competing with industry giants like Kalshi, Polymarket, and DraftKings through product innovation


• The growing cultural influence of prediction markets


• How distribution partnerships and B2B integrations will drive user acquisition


• Jake’s reflections on seven years of startup grit, team growth, and finding motivation for the next phase

Catch the video version of this episode here.

Learn more 👇

➡️ ProphetX website

➡️ Jake Benzaquen on Linkedin

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