Sporttrade’s Journey: CEO Alex Kane on Innovating Sports Betting in the U.S. and Beyond

Sporttrade and its CEO are carving their own path through the sports betting businessThis fall, New Jersey-based online sports wagering business Sporttrade announced the launch of its app in Virginia, the fifth U.S. state where the seven-year-old company is operating. Chief executive officer Alex Kane founded Sporttrade in 2017, one year before the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA).Kane made his maiden appearance on the Gaming News Canada Show and told the story of the paralegal assistant who got into the sports betting and technology industry. He also explained the differences between the Sporttrade apps and other online sportsbooks, and the company’s deliberate strategy in building its business.Kane also offered his thoughts on the existing regulated industry in Ontario, and the conversations he’s had with Jay Welbourn, the senior manager of technology and compliance for the Alcohol and Gaming Commission of Ontario, about the province’s acclaimed competitive and legal gaming industry. And, of course, we prodded him for some thoughts and layers on the state of regulated gambling in the U.S. – included discussion in some states right now about adjusting the tax rates on legal gambling operators – and the soon-to-come regulated business in Alberta. Hosted on Acast. See acast.com/privacy for more information.