ProphetX applies to the CFTC to launch a new prediction market

ProphetX has applied to the U.S. Commodity Futures Trading Commission (CFTC) to enter the bustling world of prediction markets.

The brand, formerly operating as Prophet Exchange and known for its sweepstakes model across dozens of states, had investors including MIXI and Sharp Alpha.

In a post across social media, Dean Sisun, co-founder and CEO of ProphetX, announced the application.

Big day at ProphetX.