Sporttrade launches sports-bet trading platform in New Jersey

Thursday, September 15, 2022 11:20 PM
  • Matthew Fazelpoor, NJBIZ.com

Sporttrade, which boasts being the first and only dynamic sports trading marketplace in the country, officially launched its sports betting exchange in New Jersey Sept. 15.

Founded in 2018, Sporttrade allows customers to trade in and out positions on sports outcomes as they would trade stocks, options or crypto currencies. The platform uses capital markets technology and infrastructure to allow users to make profit or trim losses based on probability changes in an event 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.