How is Sporttrade Regulated – Sporttrade

Sporttrade operates as a licensed and regulated sports betting exchange in the United States.
We are committed to maintaining full transparency and compliance with all applicable state and federal gaming regulations.

Regulated States

Sporttrade is currently licensed and regulated to operate in the following states:

New Jersey – Regulated by the New Jersey Division of Gaming Enforcement (DGE)
Colorado – Regulated by the Colorado Division of Gaming
Arizona – Regulated by the Arizona Department of Gaming (ADG)
Virginia – Regulated by the Virginia Lottery
Iowa – Regulated by the Iowa Racing and Gaming Commission (IRGC)

Each state independently reviews and approves Sporttrade’s license to offer exchange-based sports wagering within its jurisdiction.

Note: Exchange wagering is currently unavailable in Iowa.

License and Oversight

In every regulated state, Sporttrade operates under strict licensing requirements that include:

Ongoing background checks and financial audits.
Independent system testing for fairness and integrity.
Mandatory reporting of wagering activity to state regulators.
Adherence to responsible gaming, anti-money-laundering (AML), and data security standards.

These measures ensure Sporttrade provides a safe, transparent, and compliant trading environment for all customers.

Responsible Gaming

Sporttrade fully supports responsible gaming initiatives in each state where we operate.
Customers can set deposit limits, take cooling-off periods, or self-exclude through in-app settings or by contacting support@getsporttrade.com.

If you or someone you know needs help, visit our Responsible Gaming section or contact your state helpline.

How Sporttrade Differs From Other Platforms

There are many types of wagering and prediction products available online. Sporttrade is distinct from other models, such as event-contract platforms and sweepstakes-style betting sites.

Sporttrade

A state-licensed sports betting exchange that allows customers to buy and sell positions on sporting outcomes.
Regulated under state gaming laws.
All customer funds are protected, and all trading activity is reported to regulators.

Event-Contract or Prediction Exchanges

Regulated under federal commodities or derivatives law, not gaming law.
Focused on broader events such as economics, weather, or elections rather than traditional sports betting.

Sweepstakes or “Social” Betting Sites

Operate under promotional sweepstakes rules, not gaming regulations.
Allow users to play with virtual currency or for prizes rather than direct real-money wagering.
Do not fall under state gaming or federal commodities oversight.

In summary:
Sporttrade is a real-money, state-licensed sports betting exchange — regulated just like a sportsbook, but designed to offer transparent pricing and the flexibility of an exchange.