Side-by-side comparison to help you choose the right platform.
Sporttrade grades better on the verified comparison factors shown below. Betly can still be the better fit if one of its specific strengths matters more to you than the overall balance.
Legal sports betting in multiple states
Regulated sports betting exchange in 5 states. Trade bets directly with other players, not the house. No vig on winning bets.
When the overall verdict is close, compare the specific factors that matter more than the aggregate score.
Betly
3.8/5Sporttrade
4.3/5Betly
72/100Sporttrade
88/100Betly
VerifiedSporttrade
VerifiedBetly
None foundSporttrade
None foundBetly
2026-04-08Sporttrade
2026-04-07Betly
$250 instant repay first bet ($100 in AR/TN); TN closing Dec 2025Sporttrade
Up to $300 welcome bonus + 3% cashback (7 days)Betly
SportsbookSporttrade
SportsbookBetly
LICENSEDSporttrade
LICENSEDBetly
Sporttrade
Betly
Churchill Downs Inc (CDI)Sporttrade
Sporttrade IncBetly
$10Sporttrade
$10Betly
$10Sporttrade
$0Betly
1-5 business daysSporttrade
1-5 business days depending on methodBetly
Sporttrade
Betly
Sporttrade
Betly
Sporttrade
Betly
Licensed in: OH (Ohio Casino Control Commission), WV (West Virginia Lottery), AR (Arkansas Gaming Commission), TN (Tennessee Sports Gaming Commission)Sporttrade
{"status":"LICENSED","states":["NJ","CO","IA","AZ","VA"],"operator":"Regulated Betting Exchange"}Betly
4Sporttrade
5Betly
3 methodsSporttrade
5 methods| Feature | Betly | Sporttrade |
|---|---|---|
| Rating | 3.8/5 | 4.3/5 |
| Trust Score | 72/100 | 88/100 |
| Review Coverage | Verified | Verified |
| Bonus Coverage | None found | None found |
| Last Fact-check | 2026-04-08 | 2026-04-07 |
| Signup Bonus | $250 instant repay first bet ($100 in AR/TN); TN closing Dec 2025 | Up to $300 welcome bonus + 3% cashback (7 days) |
| Market | Sportsbook | Sportsbook |
| Regulatory Type | LICENSED | LICENSED |
| Founded | ||
| Parent Company | Churchill Downs Inc (CDI) | Sporttrade Inc |
| Min Deposit | $10 | $10 |
| Min Withdrawal | $10 | $0 |
| Withdrawal Speed | 1-5 business days | 1-5 business days depending on method |
| Mobile App | ||
| Live Chat | ||
| Bonus Codes | ||
| License | Licensed in: OH (Ohio Casino Control Commission), WV (West Virginia Lottery), AR (Arkansas Gaming Commission), TN (Tennessee Sports Gaming Commission) | {"status":"LICENSED","states":["NJ","CO","IA","AZ","VA"],"operator":"Regulated Betting Exchange"} |
| States Available | 4 | 5 |
| Payment Methods | 3 methods | 5 methods |
Use the same platform pair to check the bonus math, rollover terms, recurring rewards, game fit, or fairness signals before you commit.
The table below compares Betly and Sporttrade across the same core discovery metrics: rating, trust score, bonus posture, market type, regulatory posture, founding year, banking minimums, payout speed, app/support signals, licensing, regional reach, and payment-method breadth.
Start with regional availability and regulatory type, then use trust score, payout speed, and bonus posture as your next filters. Trust score is always shown on a 0–100 scale here; use it as a risk floor rather than a tiny tiebreaker between two otherwise similar platforms.
If you want a narrative head-to-head, open the canonical comparison page. You can also browse 409 tracked platforms or jump to jurisdiction-specific rankings when availability matters more than national positioning.
Pros
Cons
Pros
Cons
