I Asked the Co-Founder of Our Sponsor the Hard Questions | Presented by ProphetX

I Asked the Co-Founder of Our Sponsor the Hard Questions | Presented by ProphetX

From Circles Off - Sports Betting Podcasts by The Hammer Betting Network

August 26, 2026 · 1h 40m

About this episode

Rob interviews Jake Benzaquen, co-founder of ProphetX, discussing the company's journey and the challenges in the sports betting industry.

This episode is presented by ProphetX. Our guest is ProphetX co-founder Jake Benzaquen — we address the relationship directly at the top of the episode. Jake Benzaquen co-founded ProphetX eight years ago, long before "prediction market" was a phrase anyone outside finance used. In June, ProphetX became the first sports-native platform to win CFTC approval as a regulated exchange — and this conversation covers everything that came with it: the sweepstakes years, the $35 million raise, what's shipping on the product side this football season, and the affiliated market making debate that's dividing the entire industry. Rob also presses Jake on the questions that don't have easy answers — the investor overlap on ProphetX's own platform, the 18-vs-21 age gap between prediction markets and sportsbooks, and what happens if the Supreme Court rules against CFTC jurisdiction entirely. 🟢 Sponsored by ProphetX, America's #1 Sports Prediction Market. Sign up with promo code CIRCLESOFF — Trade $10, get $20: https://www.prophetx.co/ 📅 New episodes of Circle Back LIVE every Monday at 1 pm ET and Thursday at 4 pm ET. Plus, watch for additional content every Wednesday, ranging from interviews…

People in this episode

Host: Rob

Guest: Jake Benzaquen

Topics covered

Keywords

Sponsors

ProphetX

Mentioned in this episode

Organizations: CFTC, The Hammer Betting Network

Products: prediction market

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