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.

Read the full story on iGB North America.

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