By The Weekly Edge desk ·
EGR reported that ProphetX completed a $35m financing round backed by FDJ United FDJU · EUR 21.54 2026-10-16 Data Ventures. The prediction-market platform said the funding would support consumer and institutional demand.
The round adds $35m in financing to ProphetX.
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The partnership adds Pikkit to ProphetX’s B2B prediction market expansion.
The agreement brings ProphetX sports contracts into Players’ Lounge’s gaming platform.
Robinhood Derivatives faces a 16 October compliance deadline for Ohio’s cease-and-desist order concerning sports-event contracts.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.
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Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.