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Sporttrade

State-licensed sports betting exchange that closed its sportsbooks to pursue a single CFTC registration.

Philadelphia, PALast development May 19, 2026
50
Regulatory risk score
Open cases
0all on file
Enforcement actions
0no penalties recorded
Licence filings
1tracked applications
Updates (90d)
0regulatory items

Regulatory posture

  • Dual DCM and DCO application filed January 27, 2026 is still under CFTC review; the tracker records no designation.
  • Shut sportsbook operations in New Jersey, Arizona, Colorado, Iowa and Virginia in May 2026 and surrendered that state-by-state footprint before knowing the federal outcome.
  • Had engaged the CFTC on the merits earlier than most applicants, submitting a public comment on sports event contracts in April 2025.
  • Carries execution risk rather than enforcement risk: with no state licences left operating and no federal designation yet, it has no live US venue.

Licensing

DCM
Under review (filed January 27, 2026; H2 2026 at earliest)
Other
DCO application filed alongside the DCM (January 27, 2026)
State coverage
Sportsbook operations in AZ, CO, IA, NJ and VA closed May 25, 2026; platform access ended June 26

Filings on the tracker (1)

Licensing Tracker
  • DCMSporttradeUnder ReviewFeb 4, 2026

Products

Sports Event Contracts

Development timeline

Dated developments compiled for this operator, newest first. Select an entry for the full detail.

  1. May 19, 2026
    Announced it would exit US sports betting while its CFTC application stays pending

    Sporttrade announced it will close sportsbook operations in New Jersey, Arizona, Colorado, Iowa and Virginia on May 25, 2026, with all platform access ending June 26. The move follows its dual DCM and DCO application, which remains in the CFTC review window, and represents a full pivot to a federally regulated prediction-market model.

  2. January 27, 2026

    Filed dual DCM and DCO applications with the CFTC

  3. April 25, 2025

    Submitted a public comment to the CFTC on sports event contracts

Regulatory history

No enforcement actions matching this operator by name.

Recent activity

Sia Insights

Sia's analysis from broader market, trading, and industry-press signals. Not a primary regulatory source and not legal advice.

No Sia Insights for this operator yet.

Scoring is illustrative and based on public information. SiaPredict does not provide legal advice.