Sporttrade Moves Closer to Nationwide Launch with CFTC Registration
Sporttrade, a Philadelphia-based company specializing in financial technology for sports betting, has taken a significant step towards its goal of becoming a nationwide prediction market platform. The company recently submitted applications to the Commodity Futures Trading Commission (CFTC) to gain Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) status. This move would allow Sporttrade to expand its sports event contracts and prediction markets to a broader U.S. audience, pending approval. Founded in 2022, Sporttrade is currently regulated as a […] The post Sporttrade Moves Closer to Nationwide Launch with CFTC Registration appeared first on World Casino News.
Sporttrade, a Philadelphia-based company specializing in financial technology for sports betting, has taken a significant step towards its goal of becoming a nationwide prediction market platform. The company recently submitted applications to the Commodity Futures Trading Commission (CFTC) to gain Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) status. This move would allow Sporttrade to expand its sports event contracts and prediction markets to a broader U.S. audience, pending approval. Founded in 2022, Sporttrade is currently regulated as a […]
The post Sporttrade Moves Closer to Nationwide Launch with CFTC Registration appeared first on World Casino News.
