Sporttrade

Sporttrade is a market technology company that describes itself as a prediction market for sports, in which participants trade contracts on the outcome of sporting events at prices expressed as percentages, with bids and offers shown as on a financial exchange. Its website states that it is returning to the market soon and runs a waitlist, including for traders who want API access once it goes live. It also offers an institutional route for futures commission merchants, market makers and trading firms. The company was founded by its chief executive, Alex Kane, raised seed and Series A funding in 2019 and took part that year in the Comcast NBCU Accelerator powered by Techstars. Its leadership combines backgrounds in financial services and sports markets, and its chief regulatory and compliance officer has experience with exchanges and clearinghouses regulated by the CFTC.

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