Sports betting operator Sporttrade will leave the US market, according to a notice on 15 May.
In that notice, Sporttrade revealed that wagering on its platforms will cease on 25 May. Users in New Jersey need to withdraw all money on that same day, while users in Arizona, Colorado, Iowa, and Virginia can withdraw their money by 25 June.
The operator teased a possible rebrand, ending its notice with, “Stay tuned for what’s next! ”
Sporttrade, which launched its sports betting platform in New Jersey in 2022, did not give a reason for its closure. However, over the past couple of months, the operator has said it has been struggling with growing competition, particularly from prediction markets.
