ProphetX Expands Prediction Markets with Boom Sports Partnership

ProphetX, America’s first federally regulated sports-native prediction market, has expanded its reach through a new partnership with Boom Sports. This alliance allows Boom Sports’ user base to access sports prediction markets powered by ProphetX.

Under the terms of the agreement, Boom Sports users will have access to CFTC-regulated derivatives contracts, enabling them to trade with each other rather than against a house. This two-sided marketplace allows buyers and sellers to set prices and trade on real-world sports outcomes, including end-game results, individual performance markets, and season-long futures contracts.

Stephen A. Murphy, Boom Sports’ CEO, expressed his enthusiasm for the new alliance, stating, “At Boom Sports, we're creating a destination where sports fans can engage with their favorite players and teams in a variety of ways.” He added, “We're excited to add prediction markets and partner with ProphetX to bring these offerings to the Boom community.” Jake Benzaquen, ProphetX’s Co-Founder and Chief Commercial Officer, also highlighted the passionate and loyal community of Boom Sports users, noting that the partnership gives them direct access to a federal exchange where the crowd sets the price and every participant competes on a level playing field.