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Sportnext
Australia
16 May 2016 (9 Years)
Last online: No recent activity
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Sportnext
Company Information
Get to know Sportnext
Sportnext offers a skill-based alternative to sports betting by introducing capital markets to sport. Sportnext are building a global ecosystem that offers unprecedented opportunities for sport fans to monetise their skill and knowledge in sport, increasing engagement levels between teams and fans while eventually enabling sport teams to generate revenue for their grassroot programs and communities. Sportnext is the world’s first global, 24/7 live and interactive platform with in-game trading and no lockouts that also allows for sport fans from around the world to compete against each other across multiple sports in a skill-based environment. Sportnext differs greatly from one-dimensional offerings in the market such as head to head betting or sports tipping by offering an engaging, multi-dimensional global platform that resembles a stock market. Sport fans from around the world come together on Sportnext and take on the role of a sport trader, using their skill to buy and sell virtual shares in teams within a seasonal, monthly or weekly timeframe. During this time, traders aim to buy low, sell high, earn dividends and finish high on the leaderboard to compete against the world's very best. In the process, Sportnext traders can engage with teams on a whole new level by monitoring off-field events such as new player signings, player injuries, commercial outcomes, and actively following on-field results to receive dividends from their virtual shares held. Sportnext are currently in public beta phase until the 27th January 2018 and are the Major Partner of Baseball Australia and the Australian Baseball League. At the end of this public beta phase, Sportnext will roll out all major global team sports on the platform to enhance and further centralise the fantasy sport experience for the global Sportnext trader community.
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- Technology Software Trading PlatformPRIMARY
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