ProphetX Promo Code COVERS Gives a $40 for a $40 Trade on Any NBA or NFL Prediction Market Today

Christian Stringer - Prediction Markets Editor at Covers.com
Christian Stringer • Prediction Markets Editor 8+ years betting experience
Updated: Nov 12, 2026 , 08:10 AM ET • 4 min read

Use the ProphetX promo code COVERS to trade $40, get $40 on Thursday's NBA slate or Thursday Night Football.

Covers - Use ProphetX promo code COVERS for the best ProphetX bonus guaranteed.
Photo By - Covers - Use ProphetX promo code COVERS for the best ProphetX bonus guaranteed.

The ProphetX promo code is required for new users, and COVERS unlocks the Trade $40, Get $40 welcome offer as of Thursday, Nov. 12. Use it on Thursday's NBA games or Washington at New York on Thursday Night Football. It ranks among the best prediction market apps for new users.

Sign-ups are open across the country and in Washington, D.C., except in Nevada.

 ProphetX Logo 

Trade $40, Get $40 With Code COVERS


ProphetX promo code details

ProphetX New Customer Offer     
Trade $40, Get $40
ProphetX Promo Code COVERS
Minimum Deposit $40
Qualifying Transaction $40
Eligibility New Customers, 18+ in All states + DC (excluding Nevada)
T&Cs

Federally regulated. Live nationwide. Trading sports event contracts involves substantial risk of loss and is not appropriate for all investors. Past results are not necessarily indicative of future results. You should consider whether trading is appropriate for you in light of your financial circumstances. ProphetX is a CFTC-regulated designated contract market. Full risk disclosure available at prophetx.co/risk.

Date Verified Novemebr 12
Info Confirmed By Joshua Howe

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How the ProphetX Promo Code Works

The ProphetX promo code requires COVERS at registration, and the offer is ongoing. New users must deposit at least $40 and then trade at least $40 in event contracts. The qualifying trade can be placed on any of Thursday's NBA games, such as Dallas at Minnesota, or on Washington at New York on Thursday Night Football.

Once your $40 in trades is complete, the $40 bonus is credited whether those trades win or lose. For example, if you trade $40 on a contract tied to Thursday's game and it finishes in your favor, you receive your payout plus the $40 bonus. If the contract does not go your way, you still receive the $40 bonus after meeting the trading requirement.

Here are the key terms to keep in mind:

  • You must register with the code COVERS to trigger the offer.
  • A minimum initial deposit of $40 is required.
  • You must trade at least $40 in event contracts to unlock the $40 bonus.
  • You must be physically present in an eligible location.
  • You must provide a government ID or passport, along with a selfie of you holding that ID.
  • Withdrawal requests are typically processed within five business days once all conditions are met.

Be sure to check out the latest best prediction market promos to see how this welcome offer stacks up.

Best ProphetX prediction market trading offers

Check out all trading offers and market boosts for today.


What Is the ProphetX Promo Code?

The ProphetX promo code is COVERS. Enter it at signup, deposit at least $50, and complete $40 in qualifying trades to receive a $40 trading bonus, regardless of whether those trades win or lose.

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 the ProphetX Welcome Offer

Follow these steps to claim your bonus and place your first trade on Thursday's action.

  1. Click the link in this article to open the ProphetX app or desktop site, then select Register.
  2. Enter your personal details and promo code COVERS, then verify your identity with a government ID and selfie.
  3. Enter the one-time PIN ProphetX texts you to activate your account.
  4. Deposit at least $40 through the banking section.
  5. Browse the markets for Thursday's NBA games or Washington at New York and trade at least $40 in event contracts.
  6. Receive your $40 bonus once your qualifying trades are complete.

Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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Christian Stringer - Covers
Prediction Markets Editor

As a seasoned editor at Covers, I have become a leading voice in North American prediction markets. Since joining in 2022, I have played a key role in managing, editing, and publishing commercial content that informs and engages bettors of all levels, with a particular focus on Kalshi, Polymarket, Novig, Stake, bet365, BetMGM, and Fanatics. Prior to Covers, I spent a decade as an award-winning account executive, collaborating with major brands like Rootz, 888, ComeOn!, EastLink, and GG Poker. My expertise extends to onboarding white labels, crafting online campaigns, and building partnerships with tech providers and affiliates. 

Having personally reviewed over 50 prediction markets, sportsbooks, and DFS sites, I bring a sharp, user-focused perspective to the trading landscape and am committed to delivering insightful, high-quality content. Outside of work, I serve as the VP of an amateur athletics club, championing community engagement through sport.

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