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Sporttrade raises $36m ahead of betting exchange debut in New Jersey

23rd June 2021 10:10 am GMT
Sporttrade
Playtech

Philadelphia-based Sporttrade has raised $36m in funding as the company prepares to debut its sports betting exchange in the United States.

The coalition of investors from both the financial and gaming industries includes lead investor Jump Capital, Impression Ventures, Hudson River Trading, Tower Research Ventures, former MGM Resorts CEO Jim Murren, and former Nasdaq Stock Exchange CEO Tom Wittman.

In addition, Sporttrade issued convertible debt to Nasdaq Ventures in connection with the transaction.

“Our mission is to elevate [...]

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