Prophet Exchange makes key hires ahead of New Jersey launch

Prophet Exchange, the New Jersey-based peer-to-peer sports betting exchange, has made several new hires as it builds towards its launch in The Garden State.

Prophet Exchange will be the first US sports betting operator enabling peer-to-peer betting, which gives users the ability to name their own price. Following its market access agreement with Caesars Entertainment in 2021, Prophet is on track to launch in New Jersey in the summer.

Prophet Exchange has hired Matt Stolarz as director of technical product who has been a software engineer for over a decade. Prior to joining Prophet Exchange, Stolarz was a senior software engineer at Caesars Entertainment. Leading up to Caesars’ acquisition of William Hill in 2021, Matt was also a senior software engineer at William Hill, where he and his team were responsible for launching the sportsbook in New Jersey and expanding it across the nation.

Matt Stolartz said: “I am beyond excited to join Prophet Exchange to help guide and build the first and best sports betting exchange product in the United States.”

“I am also looking forward to working alongside a brilliant and talented team of fellow sports betting industry experts. You couldn’t dream up a better product or a better team to come into.”

Prophet has also hired Zhifeng Shi as director of software engineering. Previously, Shi built large scale data ingestion pipelines in 1010DATA to provide business insights into near real-time data for industry leaders, including the New York Stock Exchange. Most recently, Shi was a software engineer at Compass, where he joined the company in its early stages. His team designed and built an end-to-end transaction management platform from scratch within eight months, and the platform is already powering more than 6% of annual US real estate transactions since its initial release less than a year ago.

Zhifeng Shi said: “I am very excited to have the opportunity to join Prophet to work with the product and engineering teams and to build the most reliable and trustable platforms to power the next revolution in U.S. Sports Betting.”

“I am looking forward to being a part of Prophet’s challenging and exciting journeys ahead.”

Additionally, Prophet has hired Casey Halpern as director of social media & content. Halpern joins from Action Network, where he managed and oversaw their social media channels. Halpern has a wealth of experience working in the sports media industry as a producer and researcher for NBC’s Football Night in America for the past five NFL seasons, where he was nominated for multiple Emmy awards. Halpern has an extended history working with athletes and media personalities on their content, and building their social media profiles and audiences.

Casey Halpern said: “I am thrilled to join Prophet Exchange.”

“This is an incredible opportunity to help scale an important and innovative product that will be the first of its kind in the US.”

“I firmly believe that Prophet Exchange will solve a plethora of problems that everyday sports bettors currently face. I am looking forward to the exciting, yet challenging times ahead as we build a best-in-class Sports Betting Exchange.”