Sports Betting Technology Firm Sporttrade Joins IBIA
Sporttrade, a sports betting technology startup located in Philadelphia, has joined the International Betting Integrity Association (IBIA). Sporttrade is the United States’ first and only sports trading platform. Sporttrade allows eligible New Jersey clients to trade in and out of positions on sports results in the same way that they would trade equities, options, or cryptocurrency. Sporttrade’s decision to join IBIA brings it into contact with several of the world’s largest regulated sports betting providers, with IBIA members accounting for over $137 billion (€115 billion) in worldwide betting handle every year and approximately 50% of all regulated commercial online betting activity.
Alex Kane, Founder and CEO of Sporttrade, said:
“We are proud to be an IBIA member as it cements our mission of elevating the sports betting industry. We are committed to advancing fair, transparent, and efficient open sports betting markets. Our membership in the IBIA and our utilization of industry-leading technology, like Nasdaq’s market surveillance, is critical to achieving that promise.”
Khalid Ali, CEO of IBIA. added:
“IBIA is delighted to welcome another North American operator into our association. Sporttrade extends IBIA’s integrity coverage of the U.S. licensed market, with the association’s members already accounting for around 70% of all regulated online revenue. The inclusion of new entries into the U.S. sports betting landscape, such as Sporttrade, marries well with our existing membership, providing a diverse and wide-ranging integrity protection of the burgeoning U.S. sports betting marketplace.”
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