Prophet becomes first Sports Betting Exchange to officially appoint an Independent Evaluator – selects SharpRank
Prophet Exchange’s launch four months ago in New Jersey was the first step in revolutionizing the sports betting experience in the U.S. Since their launch, they’ve seen great success in building out their customer base and external partnerships. Now, they’re taking it one step further.
Prophet Exchange—the first peer-to-peer exchange of its kind in the United States— is partnering with SharpRank to become the official rating agency of the first U.S. Sports Betting Exchange. Prophet Exchange and SharpRank share common visions with an emphasis on transparency, sports betting freedom, and integrity. SharpRank is the industry leader in independent evaluation, ratings and audit, providing consumers with proprietary performance data and audits of sports betting content and Prophet Exchange is thrilled to be included in their ratings in 2023.
SharpRank will play a pivotal role in acting as an independent evaluator for Prophet Exchange. Prophet Exchange is essentially adding another layer of transparency with SharpRank. Transparency and integrity are foundational pillars of Prophet Betting Exchange and this proactive action step reinforces that.
Prophet Exchange aims to offer bettors a superior alternative to existing U.S. operators in New Jersey. So far during the 2022 football season, Prophet Exchange bettors have been seeing 10-20% greater returns than they would have on the No. 1 sportsbook in New Jersey.
Prophet Exchange acts as an intermediary while taking on no risk, and simply allows users to set prices, or place bets on prices already set by other users. Prophet Exchange does not add margin or vig to its odds and sets no limits to wagers, as long as customers have a counterparty to match their bet. The exchange then passes this unique benefit directly to the customer, by offering better prices.
“After our successful debut in 2022, we are thrilled to partner with SharpRank as our official rating agency,” says Prophet Exchange Co-Founder and CEO Dean Sisun. “We are a company built on transparency and integrity, so this was a hand in glove partnership.”
Prophet Exchange launched in New Jersey in August 2022, making an immediate impact by offering customers better prices on every team in the opening weeks of the NFL season.
“One of our core concepts is, ‘consumer protection first. Always.’ When discussing this partnership, SharpRank and Prophet aligned in this consumer first approach.” Said Chris Adams, Founder and CEO of SharpRank. “Quantity means nothing to SharpRank if it does not screen through the quality filter and becoming Prophet’s independent evaluator checks both boxes. Plenty of companies talk about transparency, integrity, etc. And now, whether due to market conditions, upcoming state legislative sessions, or because it is core to them, industry thought leaders, like Prophet, are taking the most important step – the one of action. We are excited to assist in a forward thinking, innovative platform’s growth.”
The Prophet Exchange platform is available on iOS, Android and web in New Jersey
For more information: Prophet Exchange and nj.prophetbettingexchange.com
About Prophet Exchange
Prophet Exchange is a peer-to-peer betting exchange, where users can set prices for others to bet on, or place bets on the prices already available. This gives users the best odds on straight sports bets every single time, separating them from traditional sportsbooks. The company was co-founded by CEO Dean Sisun and COO Jake Benzaquen, and launched in August 2022 in New Jersey. Follow Prophet Exchange via Twitter, Instagram, YouTube and LinkedIn.
About SharpRank
SharpRank is an independent evaluator and ratings agency for the sports betting industry; auditing, rating and ranking industry experts (“Sharps”) and platforms producing sports betting content. Follow SharpRank via Twitter, LinkedIn, or check out the most recent Quarterly Report.
