Exchange start-up Sporttrade receives $36m in funding
| By Nosa Omoigui
Philadelphia-based sports betting exchange Sporttrade has raised $36m worth of funding through a coalition of investors including major figures from both gaming and finance.
Former MGM Resorts International CEO Jim Murren is among the investors, as well as Tom Wittman – former chief executive of the Nasdaq Stock Exchange.
Lead investor Jump Capital, Impression Ventures, Hudson River Trading and Tower Research Ventures make up the rest of the group.