A former state-licensed sports betting exchange (NJ/AZ/CO/IA/VA) that shut down its sportsbook entirely by June 2026 to pursue CFTC-regulated prediction markets
Visit Sporttrade →Pros
- Was a genuinely, transparently state-licensed operator across five US states throughout its operating history
- Orderly wind-down with a defined withdrawal window and mailed checks for unclaimed balances
Cons
- CLOSED - the entire sportsbook product has shut down as of 25 June 2026
- No welcome offer, sportsbook, or ongoing customer support available
Our verdict
Sporttrade has shut down its sportsbook entirely. Founded in 2018 by CEO Alexander Kane and launched as a genuinely state-licensed sports betting exchange in New Jersey in September 2022, it later expanded to Colorado, Iowa, Arizona, and Virginia. In February 2026, the company applied to the Commodity Futures Trading Commission (CFTC) to register as a federal derivatives exchange and clearinghouse, seeking to move away from state betting licenses toward a federal prediction-markets framework. As a result, sports wagering ended in New Jersey on 25 May 2026, and in Arizona, Colorado, Iowa, and Virginia by 25 June 2026. Customers had a defined window to withdraw their funds, and any remaining unwithdrawn balances were mailed via check to the address on file - an orderly wind-down rather than an abrupt loss of customer funds. Sporttrade is now pursuing Designated Contract Market and Derivatives Clearing Organization registration with the CFTC to relaunch as a regulated prediction-market platform, a process still pending. This brand no longer has any welcome offer or sportsbook product available; there is nothing to claim here.
How we rated it
Trust & licensing (27%)6
Was a genuinely, transparently state-licensed operator across five states (NJ, AZ, CO, IA, VA) throughout its operating history; the closure was an orderly, announced wind-down with a defined customer withdrawal window and check-mailing of remaining balances, not a disappearance or fraud.
Customer support (18%)5
The shutdown process included a defined withdrawal window per state and mailed checks for any unwithdrawn balances, an orderly wind-down rather than an abrupt loss of customer funds.
Sportsbook (36%)1
The sportsbook/exchange product no longer exists - Sporttrade shut down all state-licensed sports betting markets by 25 June 2026.
Bonuses & value (18%)1
No offer is available - the operator has exited sports betting entirely; any historical cashback promotion is no longer claimable.
Welcome bonus
Quick facts
| Status | CLOSED - sportsbook shut down entirely by 25 June 2026 |
| Former founder/CEO | Alexander Kane, founded 2018 |
| Former licensed states | New Jersey, Colorado, Iowa, Arizona, Virginia |
| Shutdown timeline | NJ wagering ended 25 May 2026; AZ/CO/IA/VA by 25 June 2026 |
| Reason | Pivoting to CFTC-regulated federal prediction markets instead of state betting licences |
| Customer funds | Defined withdrawal window; unwithdrawn balances mailed via check |
Where Sporttrade is licensed
Sporttrade appears on the official register in 1 country — 1 for sports betting and 0 for casino. We only feature it in markets where it holds a licence to accept you.
North America (1)
About Sporttrade
Sporttrade (founded 2018, CEO Alexander Kane) was a state-licensed sports betting exchange in NJ/AZ/CO/IA/VA that shut down its sportsbook entirely by 25 June 2026, pivoting to pursue CFTC-regulated federal prediction markets. No sportsbook product remains active.
FAQ
Is Sporttrade still operating?
No - it shut down its sports betting exchange entirely by 25 June 2026, after previously operating in New Jersey, Arizona, Colorado, Iowa, and Virginia.
Why did Sporttrade close its sportsbook?
It applied to the CFTC in February 2026 to register as a federal derivatives exchange and clearinghouse, pivoting toward CFTC-regulated prediction markets instead of state sports-betting licences.
What happened to customer funds when Sporttrade closed?
Customers had a defined window per state to withdraw their balances; any remaining unwithdrawn funds were mailed via check to the address on file.
Who founded Sporttrade?
Alexander Kane, CEO and founder, in 2018; the sportsbook itself launched in New Jersey in September 2022.
Does Sporttrade have a welcome bonus?
No - there is no active sportsbook product to offer a bonus on, since the exchange shut down entirely by 25 June 2026.
