Exchange the Game: The Future of Markets with Walt Smith

In our latest Twitter Spaces chat, Sporttrade Founder and CEO Alex Kane was joined by Walt Smith, Senior Vice President of North American Markets at Nasdaq. The conversation was focused around the future of markets, more specifically how Sporttrade and Nasdaq are working to shift the balance back to the consumer.

“The customer...is the single stakeholder from whom all value is created in sports betting.” said Kane.

Kane and Smith talked about Sporttrade’s potential to appeal to a new audience of customers who may not be as fluent in sports betting as they are with trading platforms like Robinhood and Coinbase. 

“That’s why I don’t like the term sports betting when it comes to Sporttrade, it’s really sports trading.” Explained Smith. “I get the same experience as if I was trading a stock.”

Also discussed was the consumer protections that would be made available on the Sporttrade platform. The same level consumer protections present in financial markets today are not currently available to customers in the sports betting industry, which is why Nasdaq is leveraging its market surveillance technology to ensure a fair marketplace on Sporttrade.