so I interviewed a couple of years ago for a company called sporttrade-which was essentially trying to be a sports prediction market, but they went with the casino route instead of being regulated by the cftc like kalshi and polymarket
September 22, 2026 at 2:06 PM
so I interviewed a couple of years ago for a company called sporttrade-which was essentially trying to be a sports prediction market, but they went with the casino route instead of being regulated by the cftc like kalshi and polymarket
Sporttrade Seeks CFTC Approval to Avoid ‘Irreparable Harm’ by Kalshi
Sporttrade, a sports prediction market platform operating with state gaming licenses, has petitioned the Commodity Futures Trading Commission (CFTC) with a letter asking permission to offer its product nationwide so it can avoid…
Sporttrade, a sports prediction market platform operating with state gaming licenses, has petitioned the Commodity Futures Trading Commission (CFTC) with a letter asking permission to offer its product nationwide so it can avoid…
Sporttrade Seeks CFTC Approval to Avoid ‘Irreparable Harm’ by Kalshi
Sporttrade, a sports prediction market platform operating with state gaming licenses, has petitioned the Commodity Futures Trading Commission (CFTC) with a letter asking permission to offer its product nationwide so it can avoid the “irreparable harm” of a competitive disadvantage. CEO Alex Kane is not worried the April 25 letter will upset Sporttrade’s state regulators even as multiple states accuse Kalshi, a sports prediction market competitor, of inappropriately using the Commodity Exchange Act as cover for a thinly disguised form of sports betting.
yoursportsnation.com
May 1, 2025 at 7:19 AM
Sporttrade Seeks CFTC Approval to Avoid ‘Irreparable Harm’ by Kalshi
Sporttrade, a sports prediction market platform operating with state gaming licenses, has petitioned the Commodity Futures Trading Commission (CFTC) with a letter asking permission to offer its product nationwide so it can avoid…
Sporttrade, a sports prediction market platform operating with state gaming licenses, has petitioned the Commodity Futures Trading Commission (CFTC) with a letter asking permission to offer its product nationwide so it can avoid…
The #Rangers Shesterkin seemed to be turning a corner on a disappointing season, posting a .948 SV% over a 7gm stretch (6-0-1) before following that up by allowing 14 goals in his next 3gms (0-3-0) and posting a horrid .806 SV%. #NHL #Bruins #SportsBets #SportTrade
February 5, 2025 at 11:53 PM
The #Rangers Shesterkin seemed to be turning a corner on a disappointing season, posting a .948 SV% over a 7gm stretch (6-0-1) before following that up by allowing 14 goals in his next 3gms (0-3-0) and posting a horrid .806 SV%. #NHL #Bruins #SportsBets #SportTrade
all that being said, the #Hawks did recently as of Sunday get SMACKED by the #Nuggets by 30pts on their homecourt, after shooting 41 of 101 (40.6%) from the field (9-40 from 3pt). They probably won’t cover (+7.0) tonight vs. the #Knicks if that continues?! #NBA #SportsBets @SportTrade @CircaSports
December 11, 2024 at 5:45 PM
all that being said, the #Hawks did recently as of Sunday get SMACKED by the #Nuggets by 30pts on their homecourt, after shooting 41 of 101 (40.6%) from the field (9-40 from 3pt). They probably won’t cover (+7.0) tonight vs. the #Knicks if that continues?! #NBA #SportsBets @SportTrade @CircaSports
getsporttrade.com
tired of getting screwed by the corporate criminal sportbook operators?! that screw you out of a lot of your money with horrifically bad moneylines & breakages day in & day out! Then SportTrade is for you! #SportsBets #SportsBetting #NFL #NBA #NHL #MLB #CBB #CFB
tired of getting screwed by the corporate criminal sportbook operators?! that screw you out of a lot of your money with horrifically bad moneylines & breakages day in & day out! Then SportTrade is for you! #SportsBets #SportsBetting #NFL #NBA #NHL #MLB #CBB #CFB
Sporttrade | An unparalleled player experience.
Combining proprietary technology, thoughtful design, and capital markets expertise, our platform endeavors to modernize sports betting.
getsporttrade.com
December 11, 2024 at 5:27 PM
getsporttrade.com
tired of getting screwed by the corporate criminal sportbook operators?! that screw you out of a lot of your money with horrifically bad moneylines & breakages day in & day out! Then SportTrade is for you! #SportsBets #SportsBetting #NFL #NBA #NHL #MLB #CBB #CFB
tired of getting screwed by the corporate criminal sportbook operators?! that screw you out of a lot of your money with horrifically bad moneylines & breakages day in & day out! Then SportTrade is for you! #SportsBets #SportsBetting #NFL #NBA #NHL #MLB #CBB #CFB
Sporttrade applies with the CFTC to become a registered exchange Philadelphia-based financial technology company Sporttrade have recently announced that they will apply for federal exchange and cle...
#Prediction #Markets #Commodity #Futures #Trading #Commission
Origin | Interest | Match
#Prediction #Markets #Commodity #Futures #Trading #Commission
Origin | Interest | Match
February 5, 2026 at 1:30 PM
Sporttrade applies with the CFTC to become a registered exchange Philadelphia-based financial technology company Sporttrade have recently announced that they will apply for federal exchange and cle...
#Prediction #Markets #Commodity #Futures #Trading #Commission
Origin | Interest | Match
#Prediction #Markets #Commodity #Futures #Trading #Commission
Origin | Interest | Match
“Make no mistake: this is betting.”
@sporttrade.bsky.social CEO Alex Kane didn’t mince words on prediction markets, regulation, and tribal rights during the latest IGA webinar bit.ly/4jeY7Lw
@sporttrade.bsky.social CEO Alex Kane didn’t mince words on prediction markets, regulation, and tribal rights during the latest IGA webinar bit.ly/4jeY7Lw
Sporttrade's Kane gets philosophical about prediction markets and tribes' role in the sector
Sporttrade CEO Alex Kane took a nuanced position regarding prediction markets, listing positive and negative arguments for the platforms.
bit.ly
May 21, 2025 at 9:49 PM
“Make no mistake: this is betting.”
@sporttrade.bsky.social CEO Alex Kane didn’t mince words on prediction markets, regulation, and tribal rights during the latest IGA webinar bit.ly/4jeY7Lw
@sporttrade.bsky.social CEO Alex Kane didn’t mince words on prediction markets, regulation, and tribal rights during the latest IGA webinar bit.ly/4jeY7Lw
Step into this week’s State of the Union, your fast pass to the biggest wins and whiffs in sports betting 🧵 bit.ly/4d1sMum
State of the Union: CEOs downplay tariff concerns; Sporttrade petitions CFTC, more
Hornbuckle, Reeg outline contingency plans if recession impacts consumer wallets; NBA submits prediction market comments to CFTC
bit.ly
May 3, 2025 at 12:43 AM
Step into this week’s State of the Union, your fast pass to the biggest wins and whiffs in sports betting 🧵 bit.ly/4d1sMum
In an open letter to regulators, @sporttrade.bsky.social founder & CEO called for a more innovative approach to US sports betting, arguing that restrictive policies are driving players to alternative markets bit.ly/3XUulnp
Sporttrade founder says innovation needed to maximise US betting markets
Sporttrade founder Alex Kane writes open letter to US regulators, lawmakers saying innovation is needed to maximise wagering.
bit.ly
March 13, 2025 at 11:42 PM
In an open letter to regulators, @sporttrade.bsky.social founder & CEO called for a more innovative approach to US sports betting, arguing that restrictive policies are driving players to alternative markets bit.ly/3XUulnp
Yeah. I've admittedly been barely active last two years after life got busy. Back then it was just early Sporttrade and the prior iteration of the Prophet exchange. But was definitely challenging to get what I wanted back then.
January 14, 2026 at 3:40 AM
Yeah. I've admittedly been barely active last two years after life got busy. Back then it was just early Sporttrade and the prior iteration of the Prophet exchange. But was definitely challenging to get what I wanted back then.
Even if Sporttrade succeeds in getting approval, the company will enter at a market share deficit to exchanges already operating under the CFTC.
Sporttrade Tries to Undo the Damage of One Bad Bet
Sporttrade, by pursuing state licensing rather than gearing up for the possibility of CFTC oversight, lost any first-mover advantage it had.
www.sportico.com
February 4, 2026 at 6:28 PM
Even if Sporttrade succeeds in getting approval, the company will enter at a market share deficit to exchanges already operating under the CFTC.
Sporttrade Takes a Major Step by Seeking Federal Exchange Registration#United_States#Philadelphia#Fintech#Sporttrade#DCM
Sporttrade Takes a Major Step by Seeking Federal Exchange Registration
Sporttrade, a fintech company from Philadelphia, announces its submission for Federal Exchange registration, marking a pivotal phase in its journey.
third-news.com
February 4, 2026 at 4:58 PM
Sporttrade Takes a Major Step by Seeking Federal Exchange Registration#United_States#Philadelphia#Fintech#Sporttrade#DCM
“It’s identical,” CEO Alex Kane said of Sporttrade’s level of fintech innovation compared to Kalshi. “Exact same thing, right?”
Sporttrade Seeks CFTC Green Light to Avoid ‘Irreparable Harm’
This is the first time a company regulated by state gaming officials is attempting to also offer its product through a federal process.
www.sportico.com
May 2, 2025 at 7:38 PM
“It’s identical,” CEO Alex Kane said of Sporttrade’s level of fintech innovation compared to Kalshi. “Exact same thing, right?”
The move could have a cascading effect in the sports betting industry.
Sporttrade Seeks CFTC Green Light to Avoid ‘Irreparable Harm’
This is the first time a company regulated by state gaming officials is attempting to also offer its product through a federal process.
www.sportico.com
April 30, 2025 at 4:33 PM
The move could have a cascading effect in the sports betting industry.
This week on the @casinoreports.bsky.social podcast LOW ROLLERS:
• Bruce Merati of BetEx joins us to talk about the CFTC roundtable that wasn't and all things prediction markets
• Hawaii sports betting crashes
• The case of McPeek vs. Caesars
• Sporttrade makes a groundbreaking move
• Bruce Merati of BetEx joins us to talk about the CFTC roundtable that wasn't and all things prediction markets
• Hawaii sports betting crashes
• The case of McPeek vs. Caesars
• Sporttrade makes a groundbreaking move
May 1, 2025 at 4:31 PM
This week on the @casinoreports.bsky.social podcast LOW ROLLERS:
• Bruce Merati of BetEx joins us to talk about the CFTC roundtable that wasn't and all things prediction markets
• Hawaii sports betting crashes
• The case of McPeek vs. Caesars
• Sporttrade makes a groundbreaking move
• Bruce Merati of BetEx joins us to talk about the CFTC roundtable that wasn't and all things prediction markets
• Hawaii sports betting crashes
• The case of McPeek vs. Caesars
• Sporttrade makes a groundbreaking move