ProphetX, America’s first federally regulated sports-native prediction market, announced a strategic technology partnership with Plaee, a leading prediction-native, technology provider serving prediction market distribution operators and trading platforms. The partnership gives ProphetX a scalable path to onboard new distribution operators avoiding custom builds for each one.
Through Plaee’s single integration operators connect to ProphetX equipped with the full stack required to launch and grow a durable prediction markets distribution business. Plaee’s solution allows operators to add prediction markets to their existing product line, or launch a new stand-alone prediction market distribution channel within weeks, all with their existing team. In addition to exchange connectivity, Plaee’s platform includes Prediction Trader, its white label trading access interface, and PlaeeOS, its CRM, personalization and monetization engine.
“Plaee has built real infrastructure for distribution operators who want to offer access to prediction markets without taking on the regulatory and tech build themselves. Pairing that with ProphetX’s exchange gives those operators a compliant, ready-to-go path to offer sports event contracts to their users,” said Jake Benzaquen, Co-Founder and COO, ProphetX.
“Plaee was built to remove the three biggest hurdles for operators: Product development, access to liquidity and time-to-market. ProphetX brings a proven, CFTC-compliant exchange purpose-built for sports to our stack. Operators will immediately benefit from ProphetX’s breadth and depth of markets, while ProphetX will enjoy greater distribution; all from our single integration,” said Leon Okun, Co-Founder and CEO, Plaee.
A Dedicated B2B Partner for Prediction Markets
ProphetX is building the regulated infrastructure that lets platforms like Plaee offer prediction markets access natively to operators and audiences they already serve. Through its Partner Distribution Program, ProphetX handles clearing, custody, market operations, and the core regulatory and operational functions of operating a CFTC-regulated exchange, allowing partners to focus on their products and operator relationships. For Plaee, that means its operator clients can access a regulated exchange infrastructure without needing to become a DCM or DCO themselves.
Partnership Details
Under the agreement, ProphetX will be integrated as a regulated exchange within Plaee’s Prediction Trader interface and PlaeeOS backend, available to Plaee’s operator clients as part of their existing platform. The integration is currently in Beta.