TERMS & CONDITIONS
1. Description of Promotion
New eligible accounts on Prophet Exchange will be granted a No Sweat First Bet up to $100.00 (one hundred dollars) on Eligible Player’s first matched wager (“Eligible Wager”) in the form of a promotional bonus equal to the amount of the Eligible Player’s first matched wager, up to $100.00 (one hundred dollars), if Eligible Wager loses (“Promotion”). This Promotion is only available to new eligible accounts on Prophet Exchange sponsored by Stake Trade, Inc. d/b/a Prophet Exchange (“Prophet Exchange” or “Sponsor”).
2. Promotion Period
The Promotion will begin on June 1, 2023 at 12:01 AM ET New Jersey and will end 11:59 PM ET on December 31, 2023 (the “Promotion Period”).
The Promotion is only open to individuals who are at least twenty-one (21) years of age and are physically present in New Jersey during the Promotion Period. If your social security number is associated with another Prophet Exchange Account in Sponsor's database, you may only earn one Promotion Bonus in respect of all such Prophet Exchange Accounts under this Promotion. Employees, officers and directors of the Sponsor, their parent companies, and each of their respective affiliates, subsidiaries, cable/satellite affiliates, advertising and promotion agencies, retailers, distributors, and each of such employees’, officers’ and directors’ immediate family members and/or those living in the same household (whether legally related or not) of each are not eligible to participate in the Promotion or receive a Promotion Bonus. Additionally, Prophet Exchange reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith.
4. Action Required
Upon signup up for a new Prophet Exchange account, make a deposit of at least $10.00 (ten dollars) and then place your first real money wager on any Eligible Event up to $100.00 (one hundred dollars). The first real money wager that is matched will be considered the Eligible Player’s first matched wager for purposes of the Eligible Wager. Eligible Players matching the opposite side or outcome of the Eligible Wager will be disqualified from Promotion and the Promotional Bonus will be forfeited.
Eligible Player is permitted to re-bet the same outcome at different odds or a different spread if Eligible Player’s Eligible Wager is not matched up to $100.00 (one hundred dollars). For example, Eligible Player makes a $100.00 offer on Team A’s Spread. Eligible Player’s offer is only partially-matched for $50.00. Eligible Player may offer or wager an additional $50.00 on Team A’s spread to complete the Eligible Wager. If Eligible Wager is not matched the full $100.00 when the event settles, the Eligible Wager will be the final amount that was matched prior to settlement up to $100.00.
5. Claiming Promotion Offer
In the event your Eligible Wager loses, you will receive a promotional credit equal to the amount of your losing Eligible Wager, up to a maximum of $100.00 (one hundred dollars) (“Promotional Bonus”). If your Eligible Wager wins, you will not receive any Promotional Bonus. If applicable, the Promotion Bonus will be credited to your Prophet Exchange Account within seventy two (72) hours of completing your completion of the Promotion Requirements. However, credits will be issued sooner when possible. Maximum Promotion Bonus is $100.00 (one hundred dollars) in promotional credit. Promotion Bonus recipients will be solely responsible for all federal, state, and local taxes, and for any other fees or costs associated with the Promotion Bonus received, regardless of whether the Promotion Bonus, in whole or in part, is used. The Promotion Bonus value may be reported for tax purposes as required by law.
6. Registration Procedures
7. Limitations on Participation
Prophet Exchange reserves the right to refuse or otherwise restrict your eligibility to participate in any Promotion for any reason, in our sole discretion, including based on your wagering patterns or wagering history or if you failed to take advantage of any previous Promotion in good faith. This Promotion is void where prohibited by law. One (1) Promotion Bonus per participant and or household.
The promotional period will end thirty (30) days after the site credit is credited to your Prophet Exchange Account.
9. Wagering Requirements
Please see Section 4. Any wager placed after the expiration of the Promotion Period will not be deemed an Eligible Wager. Eligible Players are permitted to re-bet the same outcome at different odds or a different spread if Eligible Players’ Eligible Wager is not matched up to $100.00 (one hundred dollars). Eligible Players matching the opposite side or outcome of the Eligible Wager will be disqualified from Promotion and the Promotional Bonus will be forfeited.
If your Eligible Wager loses and you receive the Promotion Bonus, the Promotional Bonus is non-withdrawable until the bonus funds are wagered as a one time (1x) play through on Eligible Games with a minimum of -300 odds or greater (“Play Through Requirement”).
Any wagers placed after your first Eligible Wager will not be deemed eligible for the Promotional Bonus. If bonus dollars or real money is used to place a wager that goes unmatched, the funds will be refunded to the respective wallet for future use once the wager has unmatched. For example, if You wager fifty dollars ($50) of bonus funds and only twenty five dollars ($25) is matched, then the remaining twenty five dollars ($25) will revert back to your Bonus Wallet. Any unmatched wagers will not count towards the wagering requirement. Any funds that are returned due to a push when an event settles will count towards the wagering requirement. Please see Prophet Exchange site Terms and Conditions for more information regarding unmatched wagering and pushed bets.
Eligible participants may not match both sides of the Bonus. If any eligible participant is found to have matched both sides of the same event in order to clear the wagering requirement for the Bonus, it will then be deemed void and will not be permitted to withdraw.
10. Order of Funds Used for Wagering
New eligible customers must make a real money deposit in their Prophet Exchange account before they are eligible to participate in this Promotion. Eligible Customers must wager their full Promotional Bonus to complete the Play Through Requirement. Deposited funds may be withdrawn at any time, but Promotional Bonus funds cannot be withdrawn until Play Through Requirement is completed. If Player wishes to withdrawal Promotional Bonus before the Play Through Requirement is completed, Eligible Customer will forfeit any and all winnings from Promotional Bonus. Eligible participants may not match both sides of the Bonus. If any eligible participant is found to have matched both sides of the same event in order to clear the wagering requirement for the Bonus, it will then be deemed void and will not be permitted to withdraw. Upon completion of the Play Through all bonus funds and applicable winnings are withdrawable. Bonus funds must be used before cash.
11. Eligible Games
All Money Line, Futures, Players Props, Spreads, and Totals markets offered on Prophet Exchange will be eligible to complete bonus wagering requirement. All players must avoid betting both sides of the same event (hedging) while using bonus funds. All bets must be matched or partially matched and fully settle before counting towards the Play Through Requirement.
12. Restrictions on Withdrawal
The Promotion Bonus is not transferable and cannot be substituted except in the Sponsor’s sole discretion. The Promotion Bonus may only be used for wagering on your Prophet Exchange Account. Any unused portion of the Promotion Bonus will be automatically withdrawn from your Prophet Exchange Account thirty (30) days after being credited to your Prophet Exchange Account per the Expiration Period. You may withdraw your deposited funds without penalty or Play-Through Requirement at any time.
Should you wish to cancel your participation in this Promotion at any time, please contact customer support at prophetexchange.com or call (866)-686-0377. Upon cancellation, you may withdraw any funds you have deposited into your account without restriction or Play Through Requirement. However, any Promotion Bonus amount in your account shall remain subject to the order of funds used for wagering detailed in Section 9 before it may be withdrawn.
14. Gambling Problem
21+ and Present in NJ. If you or someone you know has a gambling problem, help is available. Call 1-800-GAMBLER. You can also visit our website at ProphetExchange.com for additional information on problem gambling.
15. Additional Terms