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ProphetX has partnered with Juice Reel to let Juice Reel users trade event contracts directly within the Juice Reel app through ProphetX’s CFTC-regulated exchange.
According to the companies’ announcement, the integration is now live in jurisdictions where ProphetX is authorized to operate. ProphetX described itself as America’s first federally regulated sports-native prediction market, while Juice Reel said its app is used by hundreds of thousands of traders and syncs with more than 300 venues.
What the partnership adds inside the Juice Reel app
The core change for users is that trading access is being embedded into an app that already focuses on tracking performance and surfacing verified sports forecasters. Juice Reel said its platform automatically imports and tracks trades across platforms, and ProphetX said the new setup allows users to trade on transparent, self-set prices rather than traditional book-set odds.
ProphetX Co-Founder Jake Benzaquen said the partnership is aimed at users who already track their results and want to trade sports markets without leaving the platform they use.
Why the structure matters
The release also framed the partnership as part of ProphetX’s business-to-business model. ProphetX said it handles clearing, custody, market operations, and other core regulatory and operational responsibilities for partners.
That means Juice Reel does not need to register as a designated contract market or derivatives clearing organization itself, according to the announcement.
Juice Reel CEO Ricky Gold said the company’s trade-tracking software is helping bring more transparency and discovery to the sports trading space, while ProphetX provides execution and pricing needed to replicate traders’ results.
What players should watch
For users, the immediate takeaway is straightforward: availability depends on whether ProphetX is authorized in their jurisdiction. The announcement did not list specific launch jurisdictions, fees, revenue-sharing terms, or whether the deal includes any exclusivity provisions.
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Source: As reported by prnewswire.com.
