Philadelphia-based technology company Sporttrade has launched a sports betting exchange in New Jersey.
According to Sporttrade, its new New Jersey trading platform is the first sports betting exchange in the US.
Customers of Sporttrade can trade in and out of positions on sports outcomes, much like one would trade stocks, options and cryptocurrencies.
Founded in 2018, Sporttrade is designed to mirror a stock exchange, with sports betting the sole focus of the business.