Wednesday, Aug. 5 brings a full slate of MLB action and three WNBA matchups, making it an ideal day to start trading on prediction markets. The ProphetX promo code offer available today lets you deposit just $10 and receive a $20 trading bonus when you sign up with code COVERS.
This welcome offer gives you extra capital to explore one of the best prediction market apps available and place your first trades on the day's events.
Get $20 With Code COVERS
* Terms and conditions apply.
How the ProphetX Promo Code Works on Aug. 5
The ProphetX promo code offer requires you to register with code COVERS to unlock the bonus. You'll need to make an initial deposit of at least $10, then trade a minimum of $10 in event contracts to receive your $20 bonus. The bonus is credited regardless of whether your trades win or lose, so you're building your account balance either way as you explore the platform's markets.
Key terms and conditions for this offer include:
- Available in all states plus DC, excluding Nevada
- You must be physically present in an eligible location
- Government ID or passport verification required, along with a selfie holding your ID
- Minimum $10 deposit and $10 in trades to unlock the $20 bonus
- The offer is ongoing with no expiration date
On Aug. 5, you can direct your qualifying trades toward any of the day's MLB matchups or WNBA games. Whether you're trading on Blue Jays-Astros, Dodgers-Cubs, Cardinals-Yankees, or any other contest on the board, your $10 in trades counts toward unlocking the bonus.
To see how this welcome offer compares to other opportunities, check out our guide to best prediction market promos available today.
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Use the correct ProphetX promo code for your state
ProphetX operates as a federally regulated exchange under the Commodity Futures Trading Commission (CFTC). Unlike sportsbooks, ProphetX allows traders to engage in event-based contracts rather than traditional gambling markets.
| ProphetX Promo Code | Eligible States |
| COVERS | All states + DC, excluding NV |
How to Claim Your $20 Bonus on Aug. 5
Claiming the ProphetX welcome offer takes just a few minutes. Follow these steps to register and place your first trade on Wednesday's slate:
- Visit the ProphetX website or download the app from the App Store or Google Play Store
- Click the Register button and enter your personal information, including full name, date of birth, address, and Social Security number
- Provide a photo of your government ID or passport and take a selfie holding that ID for verification
- Enter the promo code COVERS during registration to unlock the bonus eligibility
- Make a deposit of at least $10 through your preferred payment method
- Navigate to the markets and place trades totaling at least $10 on any of Aug. 5's MLB or WNBA events
- Once your $10 in trades is complete, your $20 bonus will be credited to your account
- Use your bonus funds to continue trading, and withdraw your winnings within five business days
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