Intrade Founder Takes Another Shot at a Sports-Betting Exchange
- Do Americans want to bet on sports like they trade stocks?
- Tradesports, hoping that they do, plans to relaunch in 2020
Photographer: Glyn Kirk/AFP via Getty Images
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One of the founders of Intrade, a popular marketplace for political predictions that shuttered in 2013, is betting that Americans are ready to gamble on sports like they trade stocks.
Ron Bernstein, who helped launch Intrade two decades ago, is bringing back Intrade spinoff Tradesports as a sports-betting exchange. The brand is starting a free-to-play beta test this week, with hopes of being licensed and active in some U.S. states next year.