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.
![Sharp Alpha](https://igamingbusiness.com/img-srv/xa-ZvVXOKBwCv3-rxJysOAEXcr6VddEVPypGxmN9C-s/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMS8wMy9kb2xsYXJzLTQ5OTQ4MV8xOTIwLmpwZw.webp)
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.