Sporttrade Launches Its New Jersey Sports Betting Exchange
Sporttrade, the sports technology gaming company, has launched its sports betting exchange in the US state of New Jersey.
Based in Philadelphia, Sporttrade states its wagering platform aims to be similar to trading stocks in the markets, where players can buy and sell wagers.
Players will have the chance to wager on sporting events at predetermined prices and create limit orders, very much like trading options on the stock market. The gaming operator believes this is what differentiates its platform from a traditional betting exchange where players can only back or lay their selections on sporting events.
Currently, Sporttrade will only offer bets on the major league sports in the United States, including NFL, MLB, NBA, NHL, WNBA, Golf, and the college versions of these. Initially, there will be limited betting on these sporting events, wagering on the result, over/ under on the event score, and spreads on the games.
Sporttrade was founded in 2018, by an experienced sports betting and capital markets team, with the plan to emulate the stock market on a betting platform
The leadership at Sporttrade feels they have identified a niche market that caters to the American player’s passion for trading and offers a more modern platform for sports betting events.
We are thrilled to be live in the state of New Jersey with the first sports trading platform, New Jersey was the first state to launch legalized sports betting in 2018 and we are proud to be the first operator to launch a unique and differentiated product designed for sports betting and trading enthusiasts seeking a better customer experience.
This debut in New Jersey follows a partnership with Caesars and Penn National and the planned entry into Indiana and Louisiana next year.