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Sporttrade launches futures trading for sports wagers in New Jersey

October 22, 2022 · 12:36pm ET | 9:36am PT
  • Matt Rybaltowski, Sports Handle

Over the last two weeks, the Philadelphia Phillies have delighted their fans by sending two division winners off to early vacations, including the defending World Series champion Atlanta Braves.

For Sporttrade, a sports betting newcomer launched only in New Jersey to this point, the Phillies’ improbable run serves as an archetype for spotting an undervalued asset that can outperform expectations through a massive upset. On Friday, with their National League Division Series against the Braves knotted at one game apiece, a Phillies buy contract on Sporttrade’s future market was priced at $7, the third lowest among the eight teams that remained in the Major League Baseball playoffs.