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Sporttrade
Sporttrade is a Philadelphia-based sports betting exchange that uses a central limit order book.
Sporttrade
Sporttrade was founded in Philadelphia, Pennsylvania. It operates an exchange-based sports betting platform where participants trade contracts on a central limit order book, stepping away from traditional sportsbook odds. The company has stated it exited its online sports betting markets and submitted for federal exchange and clearing registration in November 2024. The platform lists contracts on sporting events, with participants taking long or short positions via an order book. Sporttrade claims its venue combines market technology with sports-event expertise to produce execution quality. The company maintains an office in Philadelphia and serves US participants. It has not publicly disclosed specific portfolio investments, AUM, or backers. Sporttrade has not publicly named its management team, disclosed its funding history, or reported number of employees. The firm announced in 2024 that it exited its online sports betting markets and subsequently submitted for federal exchange and clearing registration. No additional offices or affiliated vehicles have been identified. What distinguishes Sporttrade is its structural model: it is a federally registered exchange for sports-event contracts, not a state-level sportsbook. This regulatory posture, combined with its exit from traditional sportsbook markets and filing for federal exchange registration, suggests a different legal architecture than most sports-betting operators.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
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.
Has Sporttrade been valued or reported AUM?
No. The company does not publicly disclose assets under management or a valuation. Industry databases may list funding rounds, but Sporttrade itself has not confirmed any numbers.
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