Sporttrade, a one-of-a-kind sports betting platform that merges classic wagering with stock market-like trading, has officially debuted in Virginia, making it the fifth state to do so in less than two years. Recognized for its “distinctive experience,” Sporttrade enables users to not only place bets but also to buy and sell wagers during a game, similar to real-time stock trading.
This launch in Virginia comes after Sporttrade’s recent growth into Arizona in September and introduces a new level of competition to the state’s digital sports betting market, which first opened in 2021. Sporttrade’s founder, Alex Kane, mentioned that the platform’s unique in-game trading feature assists bettors in locking in profits or reducing losses as the live game progresses. “We’re excited to introduce our in-play betting experience to Virginia, providing better prices, higher limits, and a user-friendly app for our customers,” Kane stated in a press release.
The company based in Philadelphia has gained strategic backing from SIG Sports Investments, which partnered with Sporttrade earlier this month. This support has allowed Sporttrade to improve its offerings, increase liquidity, and deliver more competitive pricing in high-demand sports markets.
While the Sporttrade iOS app is already available for users in Virginia, Android users should look forward to accessing it by the end of 2024. Users from New Jersey and Arizona can download the app for both operating systems, making Sporttrade more accessible to a wider audience. With Sporttrade’s cutting-edge trading-style betting now in Virginia, bettors in the state can enjoy a new and engaging betting experience.
Also read: Kambi Group Enhances Collaboration with Rei do Pitaco via Odds Feed+ Integration
