Sporttrade News & Prediction Market Coverage
Track the latest Sporttrade news across prediction markets. Prediction News is following 4 active Sporttrade stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Kalshi targets $40 billion valuation as perpetual futures hit $5.5 billion volume
TradingPolymarket adds MLB, MLS, and La Liga rights as Sporttrade exits sportsbooks
DealsSporttrade shutters betting exchange to await CFTC clearance for prediction markets
LegalSporttrade files for CFTC registration as a Designated Contract Market
Frequently Asked Questions
Has Sporttrade shut down its sports betting exchange?
Yes, Sporttrade exited its U.S. online sports betting markets and shuttered its exchange in May 2026 while awaiting CFTC approval for prediction markets.
What is Sporttrade's CFTC status?
Sporttrade filed applications in early 2026 to register as a Designated Contract Market and Derivatives Clearing Organization; approval remains pending.
Who founded Sporttrade?
Alex Kane (Alexander Kane) founded Sporttrade in 2018 and serves as CEO.
Is Sporttrade operating prediction markets now?
No, the platform has ceased all wagering and is rebuilding around CFTC-regulated event contracts pending approval.
Where was Sporttrade previously licensed?
Sporttrade held state gaming licenses in New Jersey, Virginia, Colorado, Iowa, and Arizona.