Inside the Trading Room
The latest and greatest news, articles and thoughts from the Sporttrade team.
September 15th, 2022
Sporttrade Launches First and Only Regulated “Sports Trading” Platform in New Jersey
Sporttrade is the first and only dynamic sports trading platform that allows you to trade in and out of positions on sports outcomes much like they would trade stocks, options or cryptocurrencies. Leveraging proven capital markets technology and infrastructure, Sporttrade enables users to realize profits or trim losses based on changes in the implied probability of an event to occur at any time.
“We are thrilled to be live in the state of New Jersey with the first sports trading platform, '' said Alex Kane, Founder and CEO of Sporttrade. “New Jersey was the first state to launch legalized sports betting in 2018 and we are proud to be the first operator to launch a unique and differentiated product designed for sports betting and trading enthusiasts seeking a better customer experience.”
Sporttrade’s unique capital markets-like approach is centered around its use of market makers to provide liquidity to the exchange. Sporttrade’s market makers provide tight, liquid, and dynamic markets so that customers can trade frictionlessly both before and during games. Sporttrade also offers unique order types like limit orders which allow customers to buy or sell outcomes at customized prices. Sporttrade is set to become the only venue in New Jersey that allows customers to truly trade sports.
We're live in NJ! Download on the Apple App Store.