Also known as SportsX, STX is a sports exchange that’s currently live in Ontario, Canada, and not available in the U.S. yet.
The Action Network expects STX to make its way to the US, so here's what we expect regarding an STX referral code, the rewards program, referrals, and how the STX exchange model would work for U.S. users if it ever launches stateside.
Key Takeaways of the STX Referral Code
Here's what to expect from STX in the US, including its referral code which is still pending:
|
🚨 STX Referral Code |
TBD (Check back for updates) |
|
💰 STX Welcome Bonus |
TBD for US Market |
|
🇨🇦 Current Live Markets |
Ontario, Canada |
|
🇺🇸 Expected US Regulator |
CFTC (Commodity Futures Trading Commission) |
|
📉 Trading Model |
Binary Options (Yes/No contracts that settle at $0 or $100) |
|
🗳️ Unique Markets |
Sports + US elections (listed in Ontario house rules) |
|
✅ Info Last Verified by The Action Network On |
March 14, 2026 |
The Action Network will update you as soon as a legit STX referral code goes live for US users.
TL;DR
-
Availability: STX (SportsX) is only live in Ontario, Canada, as of right now. It may eventually launch in the US.
-
How it would work: Ideally, STX would go live in the US as a CFTC-regulated sports betting exchange using Yes/No contracts that settle at $100 (YES) or $0 (NO) at expiration settlement.
-
Pricing + positions: Contracts trade from $0.01 to $99.99, and you can take a bought position (long) or sold position (short) based on what you think will happen.
-
Fees + perks: Winning settlements can carry up to a 5% commission on profits (no fee on losing settlements), and STX uses STX Points and tier levels that can reduce commissions.
-
Referrals: Referrals award 100 STX Points to both users after the first trade, and STX Points can tie into tier perks.
If you're in Ontario, refer to our review of STX for Ontario users.
How to Claim the STX Referral Code
U.S. users still can’t complete STX signup today. The Terms require you to be physically located in Ontario to participate, and the platform uses location checks to confirm it.
When and if a U.S. version launches, the sign-up flow will probably look similar to what Canadian customers see today:
-
1. Visit the STX app or website and create an account (email or phone), then confirm your details.
-
2. Complete identity verification (government-issued ID and proof of address).
-
3. Grab the STX promo code or STX referral code from this page if one becomes available for the U.S. market.
-
4. Fund your account. In Ontario, STX lists payment methods like credit/debit, Interac, and wire. A future U.S. version may look different.
-
5. Start small while you learn more about the order book, pricing, and where the odds move during a live game.
What Is STX?

STX is a financial sports exchange that trades sports outcomes as contracts instead of a standard betting ticket. It’s basically “trading shares” on the result.
In the US, we expect STX to operate on a standarad sportsbook exchange model. Every contract will be framed as a simple Yes/No question, such as: “Will the Chiefs win this game?” If you think the answer is YES, the contract settles at $1. If NO, it settles at $0. Traders can buy or sell these contracts at any price between $0.01 and $99.99. For example, if you buy $60 worth of contracts, you’re risking $60 to win $40 profit if they expire at YES (excluding fees).
STX and the CFTC: the US Launch Path
STX has not confirmed a U.S. launch date, a referral program for U.S. customers, or any specific CFTC filing. Still, if STX ever comes to the U.S., the most discussed path is a federal route through the CFTC that would likely treat these markets as event contracts.
In early February 2026, the CFTC withdrew its June 2024 proposed “Event Contracts” rule and also withdrew a staff advisory related to sports event contracts. That doesn't guarantee anything for STX, but it’s part of the backdrop.
STX Exchange vs. Traditional Sportsbooks
At a traditional book, the book posts the price for each side. That price includes a built-in fee, usually called vig.
At an exchange, it’s peer-to-peer betting where you’re buying and selling contracts with other users rather than taking a line from the house.
A few places you’ll notice it right away:
-
Fees: Instead of charging you on every ticket, STX’s rules are built around charging a commission only when you win, up to 5% on profits. If you lose, you don’t pay a commission.
-
Limits: Sportsbooks can cut your limits if you’re consistently beating their numbers. On an exchange, the usual incentive is different because the platform isn’t setting the price for the game or taking the other side. Still, it can enforce house rules like any operator.
-
How prices move: You’ll see what buyers are offering and what sellers want. The gap between those two prices is the bid-ask spread. If you want in right now, you take what’s available. If you want a specific price, you can post it and wait for someone to match you.
How the STX Marketplace Will Work in the US
Instead of taking a fixed line from a sportsbook, you’re choosing how you want to enter the market.
If you want in right away, you use a market order and take the best price available. If you’re picky about price, you use a limit order, name your number, and wait to see if someone matches you.
When STX fills orders, it uses price-time priority, meaning it goes for the best price first. If you’re buying, that means it matches you with the cheapest sellers. If you’re selling, it matches you with the highest buyers. And if two orders are sitting at the same price, the older one gets filled first.
On the position side, it's simple. Buying puts you on YES. Selling puts you on NO.
Market Options on STX
In its Canadian markets, the SportsX app lists:
-
Sports: baseball, football (NFL/NCAA), hockey, basketball, soccer, golf, tennis
-
Politics: US election betting is addressed in STX house rules (Ontario)
-
Market types: moneyline, spreads, totals, futures
Expect similar event contracts to be available once STX goes live in the US. STX may make its way into the best US political betting sites, considering that traditional US sportsbooks can't offer lines on politics.
STX will also offer a way for US users across the country to trade on sports, as the best sportsbooks aren't legal in every state.
STX App Review in the US
While no US app for STX is available yet, we can speculate on what the app may look like.
The STX app will likely feel more like an order screen than a typical betting app. You should be able to click into a market, check portfolio value, see what’s coming up at expiration settlement, and review recent activity like a bought position or sold position.
The Ontario Smart Wallet feature may carry over, which is meant to stop your available balance from getting tied up more than it needs to. If an open order you placed can’t lose at the price you entered, the platform may not hold that full risk against your balance. And if you place a closing trade, it can free up balance right away, even if the market itself hasn’t expired yet.
Before you place anything, you can navigate the depth view and decide how you want to get filled. Post your price and wait, you’re the maker. Take what’s sitting there, you’re the taker.
Banking Options on STX
In Canada, STX lists funding methods like credit/debit, Interac, and wire transfers. For withdrawals, STX notes it can pay by cheque, wire, or other methods it offers, and payments are made as soon as reasonably possible, with up to five business days of internal processing time.
The U.S. setup, if it happens, could look different, so treat this as the Canada-based baseline. Either way, keep it secure, and only move money you’re fine having tied up for a few days.
STX and Responsible Trading
STX includes player protection tools like deposit limits (daily, per week, or monthly), self-exclusion options, and “cool-off” breaks. Basic risk management, but it matters.
Want to learn more about how to limit yourself, educate yourself, manage your bankroll, and more? Read our responsible trading guide.
STX vs. Prediction Market Apps
Here's how STX compares to other prediction market apps already live in the US:
|
Feature |
🟢 Kalshi |
🔵 Novig |
🟢 ProphetX |
|
|
Bonus Offer |
TBD |
|||
|
Promo Code |
TBD |
|||
|
Terms & Conditions |
Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, and OH. |
N/A |
Players must be 21+ and be residents of the U.S. Void where prohibited. Mobile only. Please play responsibly. |
Players must be 19+ and be residents of the U.S. Void where prohibited. Please play responsibly. |
|
Model |
Event Contracts ($0-$100) |
Probability Odds ($0-$100) |
Sweepstakes Exchange (Peer-to-Peer) |
Sweepstakes Exchange (Peer-to-Peer) |
|
Fees |
Trading Fees vary |
% Commission on Net Winnings |
0% Commission (Free to trade) |
1% Commission on Net Winnings |
|
Election Betting |
Yes |
No |
No (Pending CFTC Approval) |
No (Sports Only) |
|
US Status |
Live (CFTC Regulated) |
Live (State Regulated) |
Live in 40+ States (Sweepstakes) |
Live in 40+ States (Sweepstakes) |
Bottom line, STX still isn’t live in the U.S. today, so any U.S. comparisons are more “what it looks like” than a direct head-to-head you can act on right now.
Pros and Cons of STX
Check out the anticipated pros and cons of STX once it goes live in the US:
|
👍 Pros |
👎 Cons |
|---|---|
|
Peer-to-peer (user-to-user) model, no built-in house vig |
Not yet available in the U.S., limited to Canada today |
|
Only 5% commission and only on profits |
Fees on wins, though minimal |
|
Bot-friendly for advanced strategies, allowed under the house rules |
U.S. regulatory approval is still unknown |
|
Potential for election trading following CFTC approval |
|
|
Lightning-fast tech for real-time contract trading |
