Current status
Alphascope: Active research product; does not accept wagers.
Sporttrade: Sporttrade exited online sports betting and stopped wagering on May 25, 2026.
Closest US order-book replacement
Alphascope: Research odds and catalysts before choosing a venue.
Sporttrade: ProphetX offers federally designated, peer-to-peer sports event contracts.
Crypto-native option
Alphascope: No wallet custody or onchain execution.
Sporttrade: PRED offers a Base and USDC sports exchange workflow, subject to current access.
International exchange option
Alphascope: Cross-platform research for supported prediction markets.
Sporttrade: Betfair Exchange offers back and lay trading in eligible jurisdictions.
What happened to Sporttrade
Sporttrade's official site states that it exited online sports betting and all wagering ceased on May 25, 2026. It directed users in Arizona, Colorado, Iowa, and Virginia to withdraw by June 25 and said remaining balances would be returned according to its closure process.
The company had submitted applications for federal exchange and clearing registration, but the CFTC organization list still showed Sporttrade DCM LLC as pending when this page was reviewed. A pending filing is not the same as an active designated exchange.
Best current alternatives by feature
ProphetX is the most direct current comparison for US users who valued sports contracts, participant-to-participant pricing, limit orders, and the ability to trade out. PRED is a crypto alternative using Base and USDC. Betfair is relevant to eligible international users who want an established back/lay exchange.
DraftKings Predictions, FanDuel Predicts, Fanatics Markets, and OG may be easier consumer-app substitutes, but their underlying venues and order controls differ. Novig uses a sweepstakes model and is not structurally equivalent to a federal event exchange.
Migration checklist for former Sporttrade users
Do not recreate a position solely because another app displays a similar headline. Contract wording, outcome set, settlement source, fees, and available depth can change the economics of the trade.
- Confirm that your Sporttrade balance was withdrawn or returned through the official process.
- Identify whether you need US federal event contracts, state betting, sweepstakes, or crypto access.
- Compare limit-order support, in-play exits, spread, depth, and commission.
- Re-read settlement rules before transferring a strategy to a new venue.
- Use independent research rather than assuming the replacement price is equivalent.
Sporttrade alternatives FAQ
Is Sporttrade still operating?
No. Sporttrade's official closure notice says all wagering ceased on May 25, 2026 after it exited online sports betting.
What is the closest Sporttrade alternative?
ProphetX is the closest current US sports-native order-book comparison. PRED is crypto-native, and Betfair offers back/lay exchange trading in eligible international regions.
Did Sporttrade become a CFTC exchange?
Sporttrade DCM LLC appeared as pending on the CFTC organization list when this page was reviewed. Pending status is not a designation.
Is Alphascope a Sporttrade replacement?
Alphascope can replace part of the research workflow, but not execution. It does not take wagers, hold balances, or settle sports positions.
Before you use this Sporttrade alternatives guide
A good prediction market guide should help you make a more precise decision, not just explain the headline. Before trading, convert the market price into an implied probability, read the resolution criteria, and compare the contract with nearby markets. If your thesis depends on a news catalyst, check whether that catalyst directly affects settlement or only changes short-term sentiment.
The same checklist applies across Bitcoin, elections, sports, and other event contracts. A trade can look attractive because the payout is large, but payout alone does not create edge. Edge comes from a better probability estimate than the current price, plus enough liquidity to enter without giving away the advantage through spread and slippage.
Checklist for applying the guide to a live market
First, confirm that the market title and resolution source match the event you intend to trade. Second, compare the live price with your own estimate and write down the difference in percentage points. Third, check liquidity and maximum loss before sizing the position. Fourth, review related markets to see whether the same information has already been priced elsewhere. Fifth, decide what evidence would make you exit or update the thesis.
Alphascope supports that workflow through the odds board, AI predictions, and news impact pages. Use this guide as the educational layer, then use the live pages to check whether the current market still matches the setup described here.
How to know whether the setup is still current
A guide can explain the structure of a market, but the live price decides whether the setup is still actionable. Check when the market last moved, whether new information has arrived since the guide was written, and whether the strongest catalyst has already been priced in. If the market has moved far in the direction of the thesis, the remaining return may be too small for the risk.
If the market has not moved despite relevant news, review the resolution criteria before assuming traders missed the story. The market may be ignoring the news because it does not affect settlement. The best use of any guide is to understand the mechanics, then verify the current contract and price before making a decision.
