A new peer-to-peer sports exchange platform, SportStack, launched in the UK on Friday, 22nd November 2019
SportStack was developed by two former Goldman Sachs FX traders, Nicholas Smith and Kristian-Brauten Smith over the last few years and rates Premier League footballers by their performance, giving players a chance to buy and sell against other users.
Focusing on football match markets, SportStack aims to follow the UK roll-out with expansion into other international markets.
The SportStack platform has been developed with the use of A1 technology allowing for real time betting on player performance.
According to SportStack, the removal of any form of binary betting will see the amount customers win or lose only ever being based on the player’s share price.
Kristian-Brauten Smith, founder and Chief Executive Officer of SportsStack, commented that they believe it is crazy that one can bet on almost anything in sports except the most important feature of them: the players.
Smith went on to say that one should not have to play a fantasy sports game to predict who will and will not perform well and that is why they created SportStack so that now one can with real money.
Match Markets will commence at the beginning of every week and remain open all the way through to the end of the game.
Smith also said that they firmly believe that when a bet does not go their way, you should not lose all of the money as that is a tired industry model. He added that they developed SportStack with responsible betting in mind based on player share price, a model which they will introduce in the UK before rolling out to multiple sports and sectors in the near future.