Sporttrade Review (2026)
Sporttrade combines online sports betting and stock trading into an easy-to-use platform. It’s buying and selling outcomes on multiple sports markets in exchange betting. Unlike sportsbooks, where the book determines the lines and limits, Sporttrade allows buyers and sellers to set their own prices and sell out of their positions whenever they feel the time has come.
We know that this might be difficult to understand, especially if you don’t know about buying or selling stocks online, but we assure you that once you have the basic concept down and perform some purchases and trades on the app, it will come quickly to you! Sporttrade is designed so newcomers can pick up how everything works in just a few cycling.
Our review of Sporttrade will highlight how to use the service and what new bettors can do to earn a 3% cashback bonus of up to $300 without being held to annoying rollover requirements the way you would with a traditional sports betting app
Sporttrade Highlights
Sporttrade was launched in NJ in September 2022 and has only been in the market for about 3 years and offers traditional sports betting in addition to its primary focus of exchange betting. In Arizona, Colorado, New Jersey, and Virginia both forms of betting are legal, while Iowa doesn’t allow advanced trading (Short Selling). You must be physically present in either of these states for the sports betting side to work.
| Year Established | 2018 (Founded) |
| Welcome Bonuses | Earn 3% cashback up to $300 on all bets placed within the first seven days following registration |
| Mobile Compatibility | iOS, Android and Web |
| Banking Options | Trustly, PayPal, Venmo, online banking, and cash at Bally’s AC casino cage |
| Types of Gambling Offered | Sports betting and Exchange betting |
| Places Available | AZ, CO, IA, NJ and VA |
You’re not stuck using Sporttrade only on your phone. While there are mobile apps for iOS and Android, you can also log in and use Sporttrade right from a web browser on your home computer and even your mobile phone.
Table of Contents
Use the jump links below to quickly find the information you need on the Sporttrade app!
- Overview of Sporttrade
- Bonus & Promotions
- Legal States
- Sporttrade App Compatibility
- How to Sign Up
- Banking Options
- Customer Support
- So, Is Sporttrade Worth It?
- FAQ
Overview of Sporttrade
Sporttrade is a fusion of traditional online sports betting and stock trading. Users buy and sell outcomes on any sports game or event within the exchange. If you’re unfamiliar with buying or selling stocks, this can be confusing, but we hope to put any questions you might have to bed. Keep reading to discover the basic concept behind Sporttrade and how the entire exchange works for bettors on the app.
Sporttrade Explained
The Sporttrade app facilitates the relationships between people on either side of a bet: the buyers and the sellers. Bettors can purchase positions from other bettors and set their own prices in the hopes of someone on the exchange being interested in buying. Bettors can sell out these positions at any point if a buyer is willing to commit to the established price.
Customers are dictating the price of all positions on the app. The Sporttrade app doesn’t get its money through a house edge the way a traditional sportsbook would, but it collects a small commission (2%) along the way on all bets, positions, or outcomes. This is to the bettor’s advantage because Sporttrade can offer higher betting limits and better pricing.
How It Works
All odds displayed on the Sporttrade app are in monetary value, anywhere from $0 to $100. While these contracts will eventually settle at either $0 or $100 based on the bet winning or losing, the number assigned by the seller represents the probability of the bet being a win. If you found a moneyline for the Steelers valued at $80, the seller believes they’ll win 80% of the time.
To ensure a stable trading process on the app, Sporttrade is partnered with market markers and liquidity providers that guarantee enough volume on the buyers’ and sellers’ sides. Still, the pricing is ultimately left to the public.
Placing Your First Wager
Follow the instructions below to place your first wager at Sporttrade. The state of the game you’re betting on, whether it’s yet to be played or live, will appear on the main screen where you place your bets or make trades.
- Select the bet you’d like to place money on, and you’ll be taken to the “Buy” screen.
- Tap “Buy” to find your two betting choices: market buy or limit buy. Market buys get shares at the best available price, while limit buys allow the bettor to set their own price.
- Once the position is settled, your contract will expire. All winning contracts settle at $100, while all losing contracts settle at $0.
- If you wish to sell your contract, you can tap “Sell,” and you can market sell (selling shares at their current value) or limit sell (setting your own price).
When it comes to buying positions on the Sporttrade exchange, there are a few things to keep in mind:
- Bettors purchasing more shares than the number available at the target price will have their remainder filled at the next available price.
- Sporttrade will only allow limit buys when there’s high market volatility.
Pros and Cons
Though Sporttrade is a revolutionary product, and there’s not really anything else like it in the sports betting market, it’s not a perfect sports betting and exchange betting app. It’s still relatively new to the scene and is working toward building itself into a widely available product, so there are some issues regarding liquidity and uncompetitive betting lines.
Pros
- Low vigorish
- Better profit margins compared to traditional sports books
- No betting limits
- 3% cashback bonus on all purchased outcomes (up to $300)
- No bet delays (buy or sell at any time)
- Two-way wagering (prices aren’t skewed against the bettor)
- Set your own prices
- Excellent mobile app with an easy-to-use betting exchange
- No wagering requirements (bonus paid as cash)
- Available for iOS, Android, and Web
Cons
- Exchange betting is unavailable in Iowa
- Sports betting is only available in 5 states
- Limited bonuses/promos
- Liquidity issues
- Limited bet types
- Betting lines aren’t that sharp
Markets and Bet Types
On the sports betting side of the Sporttrade app, several sports markets are available for bettors to enjoy. For the most part, it’s the major US markets, but there are some international betting opportunities too:
- Football (NFL)
- Football (NCAA)
- Basketball (NBA)
- Basketball (NCAA)
- Basketball (WNBA)
- MLB
- NHL
- PGA
- Soccer
- UFC
One of the weaker points of Sporttrade, along with liquidity issues, limited bonuses, and no website, is the lack of betting types available on its contracts. Still, there’s enough here to keep buyers and sellers busy:
- Moneylines
- Spreads
- Totals
- Futures
- Run & Pick lines
- Prop Bets
Sporttrade Bonuses & Promotions
Being as new as it is, Sporttrade is not known for its promotions. They don’t offer many deals for their traders and bettors, but a cashback scheme is available for newcomers to the app to earn some extra cash during their first week using the app. Learn how you can get in on this deal below!
3% Cash Back
New exchange bettors on Sporttrade can earn 3% cashback up to $300 on any outcomes they bet on in any sports market within their first seven days of using the mobile app. The seven-day period begins after bettors make their first wager after signing up. The cashback promotion only applies to initial purchases, so bettors can feel free to cash out of positions during the initial seven days.
Terms & Conditions
- Download the Sporttrade app
- Register your new account
- Make a deposit
- The seven-day period begins once bettors place their first bet
- Bet on outcomes in any sports market
- Maximum odds of -400 or more on sports contracts
- Most cash back available: $300
- Cashback bonus is paid out as cash w/o rollover requirements
To give you an idea of how this promotion works for new bettors, we’ve included the following scenario:#
A customer named Gavin bought up 50 shares of an outcome at $50 per share in his first week using Sporttrade. Gavin has effectively wagered $2,500 and will earn $75 in cash back from the app, which is 3% of $2,500. The cashback bonus is paid in cash, and Gavin can collect it without any playthrough requirements whatsoever.
Legal States Where Sporttrade is Available
Sporttrade offers a regulated sports betting platform with exchange-style trading features in licensed states. Sporttrade is currently live in five states: New Jersey, Arizona, Colorado, Iowa, and Virginia. However, exchange wagering is not available in Iowa at this time, even though the platform operates there.
| Feature | NJ, AZ, CO, VA | Iowa |
|---|---|---|
Simple Trading (Buy/Sell existing positions) | Yes | Yes |
Advanced Trading (Short selling/Laying) | Yes | No |
Regulatory Category | Betting Exchange | Traditional Sportsbook |
You don’t have to be a resident of these states to use Sporttrade. You can create an account from anywhere (as long as you meet age requirements), but you must be physically located in a licensed state to place a real-money bet/trade, with location verification enabled.
Sporttrade App Compatibility
Available at the App Store and Google Play, Sporttrade allows bettors to purchase and sell contracts from their mobile devices at their convenience. Let’s look at which devices can support the Sporttrade app and how well it works overall as an online betting exchange.
| State | iOS App | Android App | Web Browser (Desktop / Mobile) |
|---|---|---|---|
New Jersey (NJ) | ✅ Available | ✅ Available | ✅ Available |
Arizona (AZ) | ✅ Available | ✅ Available | ✅ Available |
Virginia (VA) | ✅ Available | ✅ Available | ✅ Available |
Colorado (CO) | ✅ Available | ❌ Not yet | ✅ Available |
Iowa (IA) | ✅ Available | ❌ Not yet | ✅ Available |
Mobile Devices
The Sporttrade app can be used on various Apple and Android mobile devices, such as smartphones and tablets. Because there’s no website available, you can visit the platform using your browser. The significant upside of the app is that you can buy and sell contracts without an internet connection!
Desktop PC or Mac
Sporttrade is available through both mobile apps and a web-based platform. In addition to downloadable apps from Google Play and the App Store, bettors can also access Sporttrade directly through a web browser on a desktop or laptop computer in supported states. This means you’re not limited to mobile-only access—you can purchase and trade contracts on the exchange using either the mobile app or the desktop web platform, as long as you meet location and regulatory requirements.
Benefits of Using the App
- Buy and sell contracts on Sporttrade on the go
- Use Sporttrade without needing an internet connection
- Sign up in less than five minutes
- Earn 3% in cashback up to $300 in your first seven days
- Set your own prices (limit buying)
- Bet on major US sports markets (NFL, MLB, NHL, etc.)
- Sell your contracts before they expire
- Use the exchange in New Jersey
- Sports betting is available in NJ and CO
How to Sign Up with Sporttrade
We had to sign up for a Sporttrade account to write this review. The registration process was pretty straightforward, and we had our new account up and running in less than five minutes. Most online betting apps make it easy to onboard as a new member, and Sporttrade was no different.
Follow the instructions below to get started:
Step #1: Download the App
Once you’ve downloaded the app from Google Play or the App Store, tap the “Log In” button to begin the sign-up process.
Then tap “Continue” on the next screen once you’ve read about the age and location requirements.
Step #2: Enter Your Email Address
Add your email address. This will be used in the coming steps to help you verify your new account.
A verification code will be sent to the email address you provided. Head over to your email, open the message, and click on the link to complete your verification.
Step #3: Enter Your Details
Add your first and last name. Then tap “Next.”
You must be 21 or older to use the Sporttrade app, so enter your date of birth to show you’re legally of age to become a member.
Step #4: Verify Your Device
Enter your phone number to verify your device officially.
Step #5: Confirm Your Identity
Enter the last four digits of your Social Security number to verify your identity.
Step #6: Enter Your Location
Include your address to verify that you’re living somewhere where Sporttrade is available. Even if you don’t live in a legal state, you can join the app, and its services will activate once you visit one of these states.
Step #7: Agree to the Terms of Use
Tick all the required boxes to agree to the Terms of Service and the Privacy Policy. Then tap “Join Sporttrade.”
Step #8: Enable Location Permissions
Allow your location to become available to Sporttrade whenever you use the app. The platform uses this to ensure you’re in a legal jurisdiction.
Step #9: Create a Username and Password
Create a unique username and password. You’ll use this to log into your new Sporttrade account so you can get in and out securely.
Sporttrade Banking Options
Being a niche section of the online betting and gambling industry, Sporttrade only has a few banking methods for depositing funds and collecting payouts in the app’s online exchange. The great news is that all deposits are instant, and any money that comes into your account from selling contracts is cash and isn’t subject to rollover requirements!
Deposit Methods
Use online banking or e-wallets to get funds into your Sporttrade account. You can even transfer cash in Atlantic City at the Bally’s casino cage! All deposited funds show up right away in your online account. No fees are involved.
| Method | Description | Notes |
|---|---|---|
Trustly (Online Banking) | Direct bank account transfer (instant in many cases) | Name/address on bank must match your Sporttrade account |
PayPal / Venmo | Deposit via linked PayPal or Venmo balance/bank | Not available on Android; no credit/debit card funding via these services |
Push Cash | Fast debit card / bank-linked deposit | Typically quick |
Wire Transfer | Bank-to-bank transfer (good for large amounts) | May take 1–3 business days; bank fees may apply |
Cash Deposit (In-Person) | Cash deposit at Bally’s Atlantic City (NJ) | Must submit request and visit physical location |
Payout Methods
Collect your payouts right away. They come as cash instantly, and you don’t have to play through these funds the way you would with a regular sports betting app.
| Method | Description | Processing Time | Notes |
|---|---|---|---|
Trustly (Online Banking) | Withdraw directly to linked bank | ~3–5 business days | Time varies by bank |
PayPal / Venmo | Withdraw to PayPal or Venmo | ~1–2 business days | Not available on Android |
Push Cash | Instant / near-instant back to debit card or bank | Minutes–1 business day | Fastest available method |
Wire Transfer | Bank-to-bank cash-out | ~1–3 business days | Best for larger amounts; bank fees possible |
Cash Deposit (In-Person) | Pick up cash at Bally’s (NJ) | Same day | Must visit within 48 hours of request |
Sporttrade Customer Support
To raise support from the customer service center on the Sportrade gambling app, you must click on the “Account” icon at the bottom of the screen. Then scroll down to “Help Center” under “Support” on the next page.
These are the following options you’ll find for getting help at Sporttrade:
FAQ Menus: You’ll find several menus with frequently asked questions and answers. These are designed to help gamblers work through problems on their own. You choose from Sporttrade 101, Getting Signed Up. Signing Up and Logging In, Account Management, Managing Trades, Responsible Gambling, and Funding Your Account.
Request a Callback: You won’t find any phone number posted at Sporttrade, but you can request to be called back. Sportrade will use the phone number on file to give you a call back when they can.
Live Chat: The only 24/7 contact option at Sporttrade, the live chat feature allows app members to discuss matters with a support representative via instant messaging.
Email: You’ll find a link in the customer service center to email the support team. You can expect a response within 24 hours or less on average.
So, Is Sporttrade Worth It?
You don’t have to spend much time on the Sporttrade app to realize it’s not a typical online sports betting platform. It’s designed for a specific kind of bettor who likes betting on sports but is also interested in setting contract prices and trading them with other bettors. That said, Sporttrade might not be a good fit for just anyone.
Discover once and for all if Sporttrade is worth your time, money, and effort or if it’s just an interesting oddity that will ultimately not suit your needs or capture the experience you’re looking for.
Worth It
- Experience better profit margins in the Sporttrade exchange than traditional sports betting apps.
- You don’t have to deal with any betting limits. Sportrade generates its money on a small 2% commission from all profitable wagers.
- Earn a 3% cashback bonus of up to $300 on all purchases in your first week using the app.
- You can buy or sell at any time. There are no betting delays or limitations when it comes to these transactions.
- Prices aren’t skewed against the bettor because all trades at Sporttrade have two-way action.
- Set your own prices on any contracts you purchase or share with the current market value.
- Enjoy the excellent mobile app to use the exchange without an internet connection.
- There are no wagering requirements on your winnings. All bonuses and earnings are paid in cash.
- You can use the platform on a home computer or a mobile device that’s not Apple or Android.
Not Worth It
- Sporttrade isn’t the best for traditional sports betting. There are US markets, but they are limited.
- Only is available in five states (AZ, CO, IA, NJ and VA).
- There aren’t many bonuses or promotions available on the Sporttrade app.
- Sporttrade bettors are limited to the amount of liquidity in the pool, so you cannot chase after large winnings.
- Because of liquidity issues, Sporttrade’s betting lines aren’t as competitive as they could be. Finding an edge here can be harder than in other real-money sportsbooks.
- Sporttrade doesn’t offer the broadest selection of bet types: moneylines, totals, spreads, future, and limited prop betting.
Frequently Asked Questions
Naturally, our readers and customers had many questions about Sporttrade due to its niche appeal and its reputation as a sports betting exchange versus being a traditional online sports betting platform. To get the highlights of our Sporttrade review, check out this list of the most common questions we’ve gotten over time and our answers.
Is Sporttrade a Sports Betting App?
Yes, Sporttrade is a regulated sports betting platform, but it operates differently from traditional sportsbooks. Sporttrade is available for sports betting in five states: New Jersey, Arizona, Colorado, Iowa, and Virginia. Rather than relying solely on fixed odds set by a bookmaker, Sporttrade primarily functions as a betting exchange, where users can buy and sell positions on sports outcomes by trading contracts with other bettors.
On the exchange, bettors can enter the market at prices they choose and trade in and out of positions as odds move—similar to how traders buy and sell shares on a stock exchange. Instead of building a margin into the odds, Sporttrade earns revenue by charging a small commission (typically around 2%) on winning trades, making it a more market-driven alternative to traditional sports betting.
Does Sporttrade Offer a Welcome Bonus?
New bettors can earn 3% in cashback up to $300 on any outcomes they purchase within the first seven days from the time of their first deposit. You can sell off outcomes or contracts during this time, but it doesn’t take away from the Bonus Cash you can earn. The cashback deal only applies to purchased outcomes or contracts.
Where Can I Use Sporttrade?
Sporttrade is currently available in five U.S. states: New Jersey, Arizona, Colorado, Iowa, and Virginia. Users in these states can place regulated sports bets on the Sporttrade platform, provided they are physically located within state lines and pass geolocation checks.
New Jersey is the most fully featured market and currently supports Sporttrade’s exchange-style betting, where users can buy and sell positions on sports outcomes with other bettors. The other live states—Arizona, Colorado, Iowa, and Virginia—offer sports betting access on Sporttrade, though exchange functionality may be limited or not yet available depending on state regulations.
How Does Sporttrade Work?
The betting lines offered by Sporttrade come in the form of monetary amounts, ranging from $0 to $100. All wins settle up as $100, and all losses settle up as $0. So, any amount between these two points represents the likelihood that bettors feel the line will win ($60 would represent a 60% likelihood of a win, for instance). Bettors can purchase lines and sell them to other bettors before the contract ends. All deposits and payouts are instant and paid out in real cash.
Which Sports Markets Can I Bet on at Sporttrade?
Compared to traditional online betting sites, Sporttrade only offers a small handful of sports markets, but it’s made up mainly of the major US markets. You’ll find the following on the sports betting side of the Sporttrade app:
• Football (NFL)
• Football (NCAA)
• Basketball (NBA)
• Basketball (NCAA)
• Basketball (WNBA)
• MLB
• NHL
• PGA
• Soccer
• UFC
How Quickly Will I Get My Payout?
You can cash out any line or outcome even before the contract is up, and the money you make will drop into your account instantly. Payout options include Trustly for online banking and PayPal.
How Long Is the Sign-Up for Sporttrade?
You can download the Sporttrade app and enter your basic information in about five minutes. It’s easy to use the platform, and signing up for a new account is the same way. We had to register an account and use the app in preparation for this Sporttrade review, and it took a minimal amount of time to get started!
Does Sporttrade Have a Mobile App?
Yes, Sporttrade does have a mobile app—but it isn’t limited to mobile devices. Sporttrade offers apps for both iOS (Apple) and Android, which can be downloaded from the App Store and Google Play in supported states. In addition to its mobile apps, Sporttrade also provides a web-based platform that can be accessed through a browser on a desktop or laptop computer, as well as on mobile browsers.
This means you’re not restricted to Apple or Android devices to use Sporttrade. As long as you are physically located in a state where Sporttrade operates and pass geolocation checks, you can access the platform via the mobile app or the web version.