Sporttrade, a sports betting and trading exchange platform, has become a member of the International Betting Integrity Association (IBIA).
Recently launched in New Jersey, Sporttrade allows users to “trade in and out of positions on sports outcomes much like they would trade stocks, options or cryptocurrencies”.
The platform now joins other regulated sports betting operators from around the world as a member of the IBIA.
“We are proud to be an IBIA member as it cements our mission of elevating the sports betting industry”, commented Alex Kane, Founder and CEO of Sporttrade.
“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.”
Sporttrade also has strategic partnerships in place to enter the states of Louisiana (PENN Entertainment) and Indiana (Caesars Entertainment).
“IBIA is delighted to welcome another North American operator into our association,” added Khalid Ali, CEO of IBIA.
“Sporttrade extends IBIA’s integrity coverage of the US licensed market, with the association’s members already accounting for around 70% of all regulated online revenue.
“The inclusion of new entries into the US sports betting landscape, such as Sporttrade, marries well with our existing membership, providing a diverse and wide-ranging integrity protection of the burgeoning US sports betting marketplace.”