Sporttrade seeks CFTC relief to offer sports exchange nationwide
Sporttrade submitted a request to the US Commodity Futures Trading Commission on 25 April for no-action relief to offer its sports exchange nationwide, the company’s chief executive said in a letter. The request remains pending; Sporttrade currently operates in Arizona, Colorado, Iowa, New Jersey and Virginia under state gaming licences.
The pending CFTC request could determine whether Sporttrade can offer its sports exchange nationwide beyond its current state-licensed operations.