Sporttrade Promo Code & Prediction Market Review

How To Create a Sporttrade Account

Signing up is pretty standard for regulated online sports betting apps. Before you do though, keep these two things in mind:

1. You can create a Sporttrade account from anywhere, but to place bets or trade, you generally need to be physically located in an eligible state with location permissions enabled.

2. Eligibility and available features can vary by state, and Sporttrade’s help center flags state-specific limitations.

Step-by-Step

Follow these steps to create a Sporttrade account

1. Download and open the Sporttrade app on your phone using the links on this page (once available):

   • iOS: Apple App Store

   • Android: Add the Sporttrade web portal to your device (no Google Play Store app just yet)

   • Desktop restrictions: The desktop version is only open for trading in New Jersey.

2. Click Sign Up.

3. Enter your basic info (name, date of birth, address, email, phone, and last 4 digits of SSN).

4. Enter the promo code during registration (stay tuned).

5. Create a username and password, agree to Sporttrade’s terms, and complete verification.

6. Make your initial deposit using one of the approved payment methods.

7. From there, you’re ready to place bets and manage positions, including the option to sell bets when prices move.

What Is Sporttrade?

Sporttrade is a Philadelphia-based peer-to-peer sports betting exchange. Instead of placing a bet into a book’s line, Sporttrade users can buy and sell bets or contracts on a marketplace where buyers and sellers meet in the same order book.

If you’re used to traditional sportsbooks, there isn’t one “house” setting a fixed price and taking every wager here. Pricing moves based on what other people are willing to pay or accept in that moment, like a trading market. It’s still sports betting, it just runs on a different betting platform.

And yes, this changes how you manage a position. On a normal online sportsbook, you place a bet and you’re mostly riding it out. On Sporttrade, your position has a live price. You can hold it, add to it, or sell it.

Sporttrade Exchange vs. a Typical Online Sportsbook

Traditional online sportsbooks like FanDuel, DraftKings, bet365, Caesars, etc. and Sporttrade can cover the same sporting events, but the mechanics are different.

• Online sportsbook: the book posts the betting lines, you take them, and you’re mostly locked in.

• Betting exchange: buyers and sellers move the price, and you can exit by selling when there’s a match.

  • Sporttrade also lists that it charges a commission on net winnings, though exact commission details live in its help-center rules.

Where Sporttrade Is Legal

Sporttrade lists availability in:

• New Jersey

• Arizona

• Colorado

• Iowa

• Virginia

You can view Sporttrade markets across the U.S., but you must be in one of these states to legally trade. 

Pros and Cons of the Sporttrade Marketplace

Like all online sports betting platforms, there are tradeoffs.

How the Sporttrade Marketplace Works

Sporttrade works more like a stock exchange than a standard bet slip. If you like having options mid-game, this is where it starts to click.

Contracts and the $0-to-$100 Style Pricing

Each position is priced on a scale that generally runs from $0 to $100, tied to implied probability. If you buy at $30 and it settles as a winner at $100, the profit math is simple: $70 per share, before fees.

The more useful part is what happens before settlement. If your side improves, you can sell at a higher price and take profit early. If it goes against you, you can sell to cut exposure instead of sitting on the full risk. That’s the difference between “I hope this hits” and “I can manage this.”

Market Orders vs. Limit Orders

Sporttrade users balance two main order types:

1. Market orders: you take what’s available now.

2. Limit orders: you set your price, and it only fills if the market trades there (or better).

Sporttrade Bet Types and Sports Betting Markets

Current bet types include:

• Moneylines

• Point spreads

• Totals (Over/Under)

• Parlays

• Props

• Futures bets

• Teasers

• Round robins

• Live betting

Sporttrade App Review

The Sporttrade mobile app is built for managing positions while the market’s moving, not just tapping a line and closing the screen. On iOS, the Apple App Store listing shows a 4.7 out of 5 rating. On Android, you'll have to add the Sporttrade web portal to your device, as there's no Android-dedicated mobile app. 

Portfolio

This is the screen you’ll live in once you’ve got action. Portfolio shows what you’re holding, what it’s worth right now, and how your unrealized gain or loss changes as prices move.

It’s also the clearest reminder you’re on a betting exchange. You’re not staring at a static ticket: you’re watching a live price and deciding whether you want to hold, add, or sell bets into the market. Ever watched a Chiefs live total swing after one drive and thought, “OK, now what?” This is where that decision actually shows up on-screen.

Markets

Markets is where you find games and pull up the price you want. You can move from sport to event to the specific market you want pretty quickly, then choose how you want to enter. You’ll still recognize the menu from an online sportsbook view, but instead of only accepting a posted number, you’re choosing a price and an order type.

The Tape

“The Tape” is the feed of executed trades. If the price jumps and you’re wondering what just happened, this is the first place to check. It’s especially helpful in thinner spots. Sometimes one order moved the screen, sometimes the whole market is reacting at once. The Tape helps you tell the difference.

Account

The Account section on the Sporttrade betting app is where you see the practical stuff:

• Registration and verification

• Deposits and withdrawals

• Responsible gambling controls like limits, timeouts, and self exclusion list options

• Settings that change how you view pricing, including percent-style probability vs traditional American odds

It’s also where you’ll typically find platform notes and any future offer details.

Banking Options on Sporttrade

Sporttrade lists a few known payment methods, but it doesn’t position traditional credit and debit card deposits as the standard route.

Deposit methods you’ll typically see include:

• Online banking (Trustly)

• PayPal

• Venmo (bank transfer and account balance support)

• Push cash (connect a debit card or bank account)

• ACH and wire transfers

• in-person cash deposits at Bally’s Atlantic City (NJ only)

Once you pick a method and make a deposit, you’re set to use the Sporttrade platform the way it’s intended, in and out, with positions you can manage.

Sporttrade and Responsible Gambling

Sporttrade lists the standard responsible trading tools you’d expect from a regulated operator:

• Deposit, wager, and time limits

• Account activity and history statements

• Timeouts (cooling-off periods)

• Self-exclusion list option

Have a problem? Call 1-800-GAMBLER.

Customer Service at Sporttrade

Common support options listed include:

• Live chat

• Email support

• Phone and text support options

• Support through X (Twitter) via @SporttradeHelp

• A large FAQ section and help content

Sporttrade Applies For CFTC Registration

Sporttrade says it has applied to the CFTC through two entities:

1. Sporttrade DCM LLC (Designated Contract Market), listed as pending

2. Sporttrade DCO LLC (Derivatives Clearing Organization), listed as pending registration

If those get approved, it’s a path to offering certain event-contract style markets under a federal regulator, instead of staying only in the state-by-state sports betting model.

Sporttrade vs. Popular Prediction Markets

That CFTC filing is why you’ll see Sporttrade brought up in the “prediction markets” conversation, even though its product isn’t live. “Prediction markets” is a catch-all label people place on a bunch of different setups. Some platforms are CFTC-regulated, some aren’t, some are still trying to get there. And lately, sports-related event contracts have run into some pushback at the state level, so what you can access can get messy depending on where you are.

Practical Tips for Using Sporttrade

You don’t need to talk like a trader to use a betting exchange such as Sporttrade. You just need to:

• Look at price and depth before you hit confirm. If entry matters, set a limit price and make the market come to you, thin screens punish chasing.

• Have an exit plan before you enter. Are you holding to settlement, or are you planning to sell bets if you get the price you wanted? Choose first.

• Use the guardrails if you need them. Time limits and deposit limits help, especially when you’re bouncing between live betting screens.

• If you’re traveling, double-check what you can actually do in that state. Same Sporttrade account, different rules, sometimes different features.