Updated:
Sporttrade
Sporttrade isn't a sportsbook: it's a marketplace. Participants buy and sell listed contracts on a central limit order book. Fair, efficient,...
Overview
Sporttrade isn't a sportsbook: it's a marketplace. Participants buy and sell listed contracts on a central limit order book. Fair, efficient, transparent.
General information
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
Philadelphia, PA, United States
Frequently asked questions
Is Sporttrade a sportsbook or a betting exchange?
Sporttrade describes itself as a marketplace, not a sportsbook. Participants buy and sell listed contracts on a central limit order book, akin to a financial exchange. The firm has exited its online sports betting markets (per firm website).
What regulatory registration has Sporttrade pursued?
Sporttrade announced in November 2024 that it submitted for federal exchange and clearing registration with US regulators (per firm press release, November 2024). This is a different path from the state-level sportsbook licenses held by most competitors.
Where is Sporttrade headquartered?
The company is based in Philadelphia, Pennsylvania, United States (per firm website). No additional offices have been disclosed.
Who are Sporttrade's investors?
Sporttrade has not publicly disclosed its investor base. The firm's website does not list any backers or funding history.
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