A growing legal sports betting market is preparing to launch its first wagering exchange.

STX — a technology company that offers real-time trading markets for sports betting — is planning its launch in Ontario, which authorized online betting sites and iGaming in April 2022. STX’s highly-anticipated debut in the Canadian market comes after the company received licensing and approval from the Alcohol and Gaming Commission of Ontario. The province marks the first jurisdiction in which STX has been awarded a license to offer its product.

“The focus at STX is not only on bringing a new demographic of day trader into the world of sports betting, but also providing a better experience for every potential customer from recreational to professional,” STX founder Justin Deutsch told Canadian Gaming Business.