Sporttrade: Prediction Platform’s Struggles to Operate Under State Gambling Laws Illustrate Mismatch Between Sportsbook and Exchange Models

Long before Kalshi was offering contracts on NFL game outcomes, a little-known platform called Sporttrade tried to win permission from state gambling regimes to bring exchange wagering to the sports-betting world. The idea was simple: To create a platform through which people could buy and sell contracts based on the outcomes of sports games, with […]

Published on Feb 03, 2026

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