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Prophet debuts first cashout alternative to bookmakers

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Punters cashout at better rates and buy bets at higher odds

Prophet, an innovative technology company, has become the first in the industry to launch a customer-friendly cashout marketplace, which finally puts the outcome of bets into the hands of the consumer.

The unique concept allows bettors to benefit from favourable cashout rates that are not set by bookmakers via a secondary marketplace for sports bets. Instead, Prophet operates as an exchange in which they can sell their bets to interested buyers, resulting in up to 50% better cashout rates.  Buyers on the other side reap the rewards of having on average 10-20% higher odds as a result.

It is hoped the site will appeal to both the casual and more serious punter, with football, rugby, cricket, tennis, and American football currently available, with more sports to follow in 2020. Among the most popular markets at the moment are the Rugby Union World Cup and European top-flight football, with both in-play and pre-match markets now available.

The disruptive technology is the brainchild of American entrepreneurs Dean Sisun and Jake Benzaquen, who have launched the product with a United Kingdom licence in order to take advantage of the country’s mature sports betting market.

Dean Sisun, CEO and Co-founder of Prophet, said: “We are extremely excited about Prophet’s launch which we believe will be a game-changer for sports punters, setting out to be the first platform that truly aims to help consumers in an industry notorious for taking advantage of them.

“The cashout function has been monopolised by bookmakers and been beneficial to them since its inception. We believe it is high time the tables were turned and power restored to the consumers who have been ripped off for far too long.”

Prophet’s end goal is to create a community of bettors who look to help each other make more money with their current sports bets, rather than to continue to give more to their bookmakers.

Sisun added: “Following the success of the betting exchange format in recent years, there has clearly been a gap in the market for a punter-friendly cashout exchange. With our alternative to cashing out via a secondary marketplace, we’re confident Prophet will provide that.

“For example, you bet on Atalanta to beat Manchester City at 11.0 (10/1). They go up 1-0 in the 30th minute and their odds move to 3.0 (2/1). Rather than cashing out at the rate your bookmaker dictates, you can sell your bet to a peer for a price of your choice. For example, if you sell it at 4.0 (3/1), the buyer gets better odds than the bookmaker offers them, the seller guarantees profit, and everybody wins.

“And finally, with our algorithm, we recommend the selling price that will give buyers better odds and sellers the best cashout rate possible, taking out the difficult math and speeding up the process for consumers to cater to in-play markets.”

While the marketplace will initially be available to UK users, Prophet intends to expand into other European markets, Australia, and the United States.

Prophet is most notably backed by leAD sports, the premier sports venture ecosystem inspired by Adi Dassler, the founder of Adidas, in which they were one of seven companies selected to their prestigious accelerator, and M Ventures, a prominent United States venture capital firm


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Prophet debuts first cashout alternative to bookmakers

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Ho-Ho-Hold onto Your Wins! Booming Games Takes Festive Fun to the Next Level with Santa in Vegas!

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This holiday season, Santa’s traded in his sleigh for a private jet and touched down on the Vegas Strip! Santa in Vegas delivers festive fun and flashy riches in a vibrant 5×4 slot packed with luxurious symbols, glittering lights and that famous Booming Games excitement. Spin through jets, limos, watches and shimmering gifts as you chase down wild wins in the city that never sleeps.

Look out for the Santa Collect feature in the base game: Red Santa collects Coin symbols to trigger the Coin Collection bonus, while Golden Santa gathers Scatter symbols to randomly trigger the coveted Free Spins feature.

Trigger the Free Spins bonus and experience the exciting symbol upgrade feature. With every spin, low-paying symbols can be eliminated and high-paying symbols can be upgraded, boosting your chances for bigger and brighter wins!

The excitement peaks in the Gift Spin, a guaranteed spin at the end of Free Spins where every Wild you’ve collected during Free Spins is dropped onto the reels in a powerful finale, with up to 20 Wilds unleashed for explosive win potential.

With seasonal cheer, golden glamour and a sleigh-full of win potential, Santa in Vegas brings you the ultimate Christmas party on the Strip. Time to jingle all the way to jackpot city!

Play Santa in Vegas now!

Santa in Vegas is all about turning up the holiday cheer with a Vegas twist,” said Craig Asling, Director of Games at Booming Games.

“We’ve mixed bright visuals, exciting features and plenty of win potential to deliver a game that’s both festive and full of fun,  it’s Christmas with a touch of Vegas sparkle.”

The post Ho-Ho-Hold onto Your Wins! Booming Games Takes Festive Fun to the Next Level with Santa in Vegas! appeared first on European Gaming Industry News.

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Vixio Announces Winners for the 2025 Global Regulatory Awards

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Vixio, a leading provider of regulatory intelligence solutions, unveiled its 2025 Global Regulatory Awards (GRAs) winners last night during an event in London.

More than 300 industry leaders, regulatory experts, and esteemed professionals of the global gambling industry attended the prestigious event. The independently judged GRAs recognise and celebrate the achievements of individuals, teams, and organisations in the gambling industry who have excelled in compliance, corporate social responsibility, and safer gambling.

The ninth annual awards ceremony recognised winners across 22 categories.
Notable winners on the evening included Playtech, Casino Guru, and Kambi.

Vixio also recognised outstanding individuals, such as Bill Curtis of DraftKings, named Compliance Professional of the Year, Corinne Valletta of Betsson Group, awarded Chief Compliance Officer of the Year, and Wes Himes, who was recognised with the Special Award for Compliance Lifetime Achievement.

“Thank you to everyone who joined us at last night’s Global Regulatory Awards in London,” stated Mike Woolfrey, CEO of Vixio. “This year has seen significant regulatory change across the industry, making the quality of entries even more impressive. Our independent judges did a fantastic job in selecting the winners, who truly represent the highest standards in regulatory compliance. Congratulations to all, and we look forward to welcoming you to the 10th annual Global Regulatory Awards next year!

Awards were presented by category sponsors: Docaposte, DraftKings, eCOGRA, Gaming Associates and White Bullet.

The award evening was associate-sponsored by: Greentube, San Manuel Tribal Gaming Commission, Scientific Games, and Soft2Bet.

The 2026 Global Regulatory Awards presentation will celebrate the 10th annual GRA event and is set to take place on November 18th, returning to the historic Grand Connaught Rooms in Central London.

The official 2025 winners are as follows:

AML or MLR Professional of the Year
Eleni Panagiotopoulou, SOFTSWISS

Award for Commitment to Compliance by a Supplier
GeoComply

Award for Commitment to Compliance by an Operator
Tipico Games

Chief Compliance Officer of the Year
Corinne Valletta, Betsson Group

Compliance Innovator of the Year
Sharp Vision

Compliance Lifetime Achievement Special Award
Wes Himes

Compliance Professional of the Year
Bill Curtis, DraftKings

Compliance Rising Star Special Award
Medisha Moodley, Games Global

Compliance Team of the Year
Playtech

Head of Regulatory Affairs or Government Relations of the Year
Devon Dalbock, GLI

Legal Team of the Year
Kambi

Marketing Compliance Team of the Year
Catena Media

Outstanding Contribution to Safer Gambling
Casino Guru

 

Outstanding Contribution to Sports Betting Integrity
ALTENAR

Outstanding Individual Contribution to Safer Gambling
Dr. Michael Auer, Neccton

Payment Service or Solution Provider of the Year
Paysafe

RegTech Provider of the Year
Mindway AI

Regulatory Initiative of the Year
Gambling Regulatory Authority (URHH SK)

Regulatory Law Firm of the Year
Bird & Bird

Regulatory Lawyer or In-House Counsel of the Year
Behnam Dayanim, Orrick Herrington & Sutcliffe LLP

Responsible Gambling Service or Solution Provider of the Year
BetBlocker

Testing Service or Solution Provider of the Year
BMM Innovation Group

The post Vixio Announces Winners for the 2025 Global Regulatory Awards appeared first on European Gaming Industry News.

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Feel the Chill in BGaming’s Divine Queen: Heart of Ice

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Rapidly expanding content provider puts you in the presence of royalty in Divine Queen: Heart of Ice

Popular iGaming content provider BGaming invites players to wrap up warm and explore an icy kingdom in Divine Queen: Heart of Ice. Watch the wins snowball in this Olympus-genre pay-anywhere game.

Divine Queen: Heart of Ice pulls inspiration from the iconic Bonanza gameplay mechanics, repackaging them in a winter retro style. The game’s cinematic visuals, combined with a mesmerising soundtrack, help immerse players in this frosty, beautiful world.

The Ice Queen herself also graces players with her presence. This stunning character stands to the right of the game grid, watching over the reels as they spin. She appears as the game’s Scatter symbol and is the key to the Free Spins bonus.

Her carefully curated design should appeal to European and US audiences, while the game’s winter theme makes it accessible year-round.

Players will find the Multiplier Reel on the right of the grid in Divine Queen: Heart of Ice. This starts at x1 and progresses by one with each winning cascade. The multiplier does not reset during the free spins bonus, helping the wins to pile up. Players can also use the Buy Bonus feature to enter the Free Spins round and gain instant access to the action.

The bonus features are not the only magic conjured up in Divine Queen: Heart of Ice. The slot serves up a tantalising maximum win of x5,000, and rounds out an impressive maths model with an attractive 97% RTP.

Ruslan Shakhlovich, Game Designer at BGaming, said, The game has been designed to be highly engaging, with progressive mechanics and a proven math model that will keep players returning. Divine Queen: Heart of Ice arrives just in time for the winter months, and we are confident it will do an excellent job of distracting players from the cold.”

The post Feel the Chill in BGaming’s Divine Queen: Heart of Ice appeared first on European Gaming Industry News.

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