ProphetX and Boom Sports have agreed a US prediction markets partnership. The ProphetX Boom partnership will integrate ProphetX’s regulated exchange into the Boom Sports app. Users will be able to trade sports event contracts.

• Boom Sports will integrate ProphetX’s prediction market exchange into its platform. Users can trade contracts on game results, player performances and season futures. The markets will operate through ProphetX’s CFTC-regulated infrastructure.
• ProphetX operates an exchange rather than a traditional sportsbook. Users trade contracts with each other instead of betting against an operator. The ProphetX Boom partnership adds this format to Boom’s sports offering.
• Boom Sports operates real-money daily fantasy sports in 27 US states. Founded in 2015, it has also developed sports products for NBC Sports and Caesars Entertainment. Boom reported more than 50% year-on-year growth in new customers in its latest quarter.
• ProphetX was founded in 2018 and operates a US exchange for event contracts. “Partnering with Boom gives their users direct access to a federal exchange where the crowd sets the price,” said ProphetX Co-Founder Jake Benzaquen. The ProphetX Boom partnership extends its distribution through Boom’s user base.

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