Sporttrade, a Fintech sports betting company, has acquired the Colorado-based sports betting company Momentum Sports and Entertainment Inc that will see it expand into the Centennial state.
Momentum Sports is the owner and operator of an internet sports betting operator license through a market access agreement with GF Gaming and its local affiliate Easy Street Casino.
In terms of the acquisition, qualified participants in Colorado will gain access to a sports trading experience through the Sporttrade app upon its launch in the first half of 2022. Easy Street Casino will hold Sporttrade’s Colorado sports betting license.
Alex Kane, Founder and Chief Executive Officer of Sporttrade, said they are pleased to announce launch plans in Colorado, a state that has been an early believer in the growth and potential of legalized sports betting with thriving fan bases across multiple professional and college sports teams.
He also said that their team looks forward to expanding their presence across the US while continuing to refine their sports betting exchange to provide Sporttrade’s passionate user base with a secure, transparent and technologically advanced platform from which to wager.
Dan Kelliher, Founder of Momentum Sports, said Momentum Sports was founded to generate community-focused economic growth.
Kelliher added that with Sporttrade’s unique sports betting model, they are the only sports betting platform that provides a true capital market experience to their customers and they are proud to transition their gaming license to Sporttrade to serve Colorado’s growing sports betting community and to continue to evolve the industry.
Roger Brown, General Manager & Director of Gaming Operations at GF Gaming, said that Easy Street Casino and Sporttrade will pave the way for eager sports fans in Colorado to participate in a new and exciting way to wag
