Sporttrade Joins Forces with Penn National and Caesars for New States Entry
Sporttrade, a leading sports betting and trading exchange, has entered into partnerships with Caesars Entertainment and Penn National Gaming to further expand into two states of the US.
Through the agreements, Sporttrade will offer sports gambling and trading services to bettors in Indiana and Louisiana in 2023.
While its deal with Caesars is centered on its Indiana debut, Penn National will be strategic in its plans to launch in Louisiana.
According to the company, the two states offer a “strong opportunity “ to capture market share.
While the company is working towards its 2023 debut in the Hoosier and Bayou States, it is also focused on launching in New Jersey and Colorado in the middle of the year.
We are incredibly humbled to be partnering with two of the most recognized gaming leaders to bring our differentiated sports trading platform to customers in Louisiana and Indiana. Penn National and Caesars Entertainment believe in our vision of elevating the sports betting industry and see the opportunity to make sports betting more akin to capital markets and tap into growth of retail stock and crypto traders, as well as attracting traditional sports bettors.
Sporttrade was established in 2018 to elevate the sports betting industry by introducing the premier “institutional-grade US-based sports betting exchange .” According to the company’s marketing message, bettors can trade sports bets like they trade stocks on the site.