Sporttrade Abruptly Shuts Down Online Betting Markets

Written by :

C Costigan

Published on :

17 May, 2026

Sporttrade, the online sports betting market, announced this weekend that its web-based business will cease effective May 25, 2026. It is the latest casualty of the regulated U.S. sports gambling industry.

In recent months, Sporttrade had been struggling with the economics and regulatory framework around prediction markets while pursuing CFTC registration.

It has also had trouble competing with industry power houses the likes of Kalshi and Polymarket as well as traditional sports betting market leaders DraftKings and FanDuel.

The company issued instructions on how to withdraw funds from each state in which it is regulated.

Those in New Jersey will need to withdraw funds no later than the May 25 date as account access will be lost that same day.

Those customers residing in Arizona, Colorado, Iowa and Virginia will have to do so by June 25.

Effective June 26, platform access will be unavailable to everyone.

Sporttrade first launched in New Jersey on September 15, 2022.

Chris Costigan, Gambling911.com Publisher

How to Interpret and Better Understand the Recent New Jersey and Nevada Kalshi Rulings

As of September 3, 2026, a total of 19 U.S. states are involved to some degree in active legal proceedings concerning prediction markets.

This Alabama Senate Candidate Has Received Another $100K From Chumba Casino Parent Company

Republican Alabama Governor candidate and current sitting Senator Tommy Tubberville had previously received $30,000 from one of the country's largest sweepstakes casinos back in March.

Ken Paxton Has Stood in the Way of Gambling Regulation in Texas..... Until Kalshi Donated to His Campaign

Paxton and his PAC took thousands of dollars from Kalshi and its CEO, according to Politico.

Seminole Hard Rock Hotel & Casino Hollywood Florida Ranked No. 1 on Pollstar’s 2026 Top 25 U.S. Casinos

Seminole Hard Rock Hotel & Casino Hollywood is proud to announce its Hard Rock Live venue has earned the No. 1 spot on the Pollstar 2026 Top 25 U.S. Casino Venues list, reinforcing its reputation as a premier destination for live entertainment and gaming in Hollywood, Fla.