Sporttrade Review (2026)
Stock-exchange-style US sports betting app where every outcome is priced $0 to $100, backed by Jump Trading liquidity.
Overview
Sporttrade was founded in 2019 by Alex Kane and launched to retail users in 2021. The platform treats sports bets as financial instruments: every outcome has a price between $0 and $100, reflecting the implied probability, and users buy and sell those contracts like stocks. Prices move in real time as the game unfolds, which makes Sporttrade one of the most sophisticated in-play trading experiences in the US market.
Market-making comes from Jump Trading and other liquidity providers, so there is always a bid and offer. This is a design difference from Novig and ProphetX, which rely on pure peer liquidity. The Jump partnership makes Sporttrade more predictable for retail users but means spreads may be slightly wider than a deep peer book.
Sporttrade is live in Colorado, New Jersey, and Iowa as of 2026, with more states planned. For readers new to the exchange-style format, this is probably the easiest platform to learn. The full US sports exchange landscape is in our sports prediction markets guide.
Pros and cons
Pros
- Cleanest retail UX of any US sports exchange
- Stock-chart-style price history visible for every market
- Institutional market-making via Jump Trading ensures always-on liquidity
- Strong in-play trading experience, cash-out at any price
- No winner limiting, no vig on matched trades
Cons
- Smaller state footprint than Novig or ProphetX
- Spreads can be slightly wider than a pure peer book on liquid markets
- Less deep on niche sports and props vs traditional books
- Commission on winnings (typically 1-2%)
Frequently asked questions
Is Sporttrade legal in the US?
Yes, in the states where it is licensed (Colorado, New Jersey, Iowa as of 2026). Sporttrade operates under state sports betting regulations, not CFTC event contract rules.
Is Sporttrade a prediction market?
Sporttrade is structured as a sports betting exchange but uses a stock-exchange pricing model. Functionally very similar to a prediction market for sports outcomes. Legally, it is a licensed sportsbook.
How is Sporttrade different from Novig or ProphetX?
Novig and ProphetX are pure peer-to-peer. Sporttrade adds professional market-makers (Jump Trading) to guarantee always-on liquidity, which is better for newcomers and for in-play trading but can produce slightly wider spreads on the most liquid markets.
Can I cash out early on Sporttrade?
Yes. Because every contract trades like a stock, you can sell your position at the current market price at any time before settlement. This is one of Sporttrade’s main selling points.
What is the minimum trade size on Sporttrade?
Very low – typically $1 or less. This makes Sporttrade a good entry point for users who want to learn exchange-style trading without risking meaningful capital.
New to prediction markets?
Read our full guide: How do prediction markets work? – a complete 2026 explainer covering pricing, platforms, resolution, and legal status.