SportTrade, Prophet Exchange, and Fubo join a crowded field of New Jersey sportsbooks in time for football

SportTrade, Prophet Exchange, and Fubo join a crowded field of New Jersey sportsbooks in time for football

Article brief provided by NJ Online Gambling
  • John Brennan, NJ Online Gambling
August 24, 2022 11:48 PM
  • John Brennan, NJ Online Gambling

The start of college football and the NFL regular season is right around the corner, and with it comes the arrival of three mobile sportsbooks in New Jersey.

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Prophet Sports Betting Exchange and Fubo both are partnered with Harrah’s, while Bally’s has brought aboard SportTrade. All three were given formal approval recently by the New Jersey Division of Gaming Enforcement.

Prophet and SportTrade each seek to entice customers with an exchange model, where gamblers bet not against the proverbial “house,” but with each other. That figures to mean lower costs for gamblers and few, if any, limits, as the sportsbook simply takes a small fee when a sports bettor chooses one side of a bet and then finds a willing rival who likes the other side.