NFL player “stock market” Mojo launches in New Jersey

NFL player “stock market” Mojo launches in New Jersey

Article brief provided by Sportico
  • Jacob Feldman, Sportico
September 19, 2022 11:01 PM
  • Jacob Feldman, Sportico
  • New Jersey

Mixing sports gambling, fantasy competition and stock market mechanics, Mojo [launched] in New Jersey Monday with $100 million raised to date. In the app, NFL players—from Tom Brady to Jets rookie Jeremy Ruckert—each have a share price that represents the stat totals they’re expected to accrue over their career. Users can buy, sell or short players at those prices.

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Mojo’s founders include entrepreneur and Minnesota Timberwolves owner Marc Lore, as well as fellow T-wolves owner Alex Rodriguez. They’re joined by tech execs Bart Stein and Vinit Bharara.

As Bharara explained in an interview, Mojo is decades in the making.