BettorEdge sports betting exchange orders top $3.5M six months after launch

BettorEdge, Minneapolis-based online no-fee sports betting marketplace and social platform for sports fans, announced on Thursday it has facilitated more than $3.5 million in exchange orders since its launch in January 2021.

The company said that high interest in the Stanley Cup Playoffs contributed to the boost in orders. Two of these playoff games ranked the highest in BettorEdge’s all-time top five games in the volume of orders. The volume of orders on the platform doubled from May to June, as well.

“Odds are stacked against the bettor with traditional sportsbooks, and we’re changing that,” said James Seils, Co-Founder of BettorEdge. “As bettors ourselves, we knew there was a need for a social marketplace and our growth in just six months validates the need for a betting experience like BettorEdge in this industry.”

BettorEdge is a platform where users can trade bets with no fees attached. They can set the market prices, effectively removing the hurdle of requiring a pricing engine. The PGA’s U.S. Open and Travelers Championship in June marked the two busiest weekends of in-play betting for the platform to date.

“Our sole purpose is to innovate for the benefit of the sports bettor,” said Greg Kajewski, Co-Founder of BettorEdge. “Our growth is proof positive that putting the power back into the hands of the sports bettor through an engaging social media platform, is the type of experience that bettors are truly looking for. We’re excited to keep innovating our platform for the betterment of the sports bettor and excited to see how our growing audience utilizes our capabilities for the upcoming NFL season.”