Is ProphetX legal in New Jersey?

Last reviewed 2026-09-18

Catie Di Stefano — Founder & Editor-in-Chief
Catie Di StefanoFounder & Editor-in-Chief
Reviewed by Catie Di Stefano

At a glance

Yes — ProphetX is available in New Jersey. Eligible residents aged 18+ can trade CFTC-regulated sports event contracts on the iOS or Android app. New traders deposit $10 with code COLLEGEPM to get $20.

Why ProphetX is available in New Jersey

ProphetX holds CFTC approval as a designated contract market and a derivatives clearing organization, granted in June 2026. That is federal oversight of event contracts, which is why the product went live nationwide instead of state by state. New Jersey residents trade under the same rules as everyone else on the exchange.

Using ProphetX from New Jersey

Download the app on iOS or Android, verify your identity, and let ProphetX confirm your location. Deposits start at $10 through online banking, wire or crypto. Fees are about 2% of net winnings — nothing on losing or unmatched trades.

What you can trade

Sports only: college football and college basketball, plus the pro leagues, soccer, tennis, golf and combat sports. For admissions, policy or culture markets you'd need Polymarket or Kalshi.

How to sign up from New Jersey

Create the account, enter COLLEGEPM during sign-up, verify, and deposit $10. Step-by-step walkthrough: how to use ProphetX.

Frequently asked questions

Is ProphetX available in New Jersey?
Yes. ProphetX is live in New Jersey following its June 2026 CFTC approval and nationwide launch. You verify your identity and ProphetX confirms your location at sign-up.
Is ProphetX legal in New Jersey?
ProphetX is a CFTC-approved designated contract market and clearing organization, so its sports event contracts are regulated federally rather than licensed by New Jersey. Eligible residents aged 18 or over can trade.
What can I trade on ProphetX from New Jersey?
Sports event contracts only — college football, college basketball, the pro leagues, soccer, tennis, golf and combat sports. There are no politics, admissions or pop-culture markets.
How do I get the ProphetX bonus in New Jersey?
New traders in New Jersey can sign up through our link, enter code COLLEGEPM, and deposit $10 for the "Trade $10, Get $20!" offer. Terms are set by ProphetX and may change.

Sources & further reading

Availability and offer terms are set by ProphetX and may change. Outbound trading links are affiliate links — see footer disclosure. Not legal advice.