LONDON, Aug. 16, 2018 /PRNewswire/ -- Sports trading company the Atlantic Sport Exchange, have just announced record profits for the first quarter of 2018. The software based investment company have experienced unprecedented growth over the past 18 months and it shows no sign of slowing down.
Sports trading means backing and laying sports betting odds for a profit before the event comes to an end. Backing is the same with betting. Laying is bookmaking, which stands for offering odds to bettors and companies such as Australian based Priomha Capital and Atlantic Sport have slowly been gaining market share in the alternative investment market due to their patented trading algorithms that allow clients to benefit from sporting events around the globe.
Sports trading is only going to become bigger and bigger due to the huge news to come out of the US earlier this year as on May 14, 2018, the Supreme Court ruled that the Professional and Amateur Sports Protection Act (PASPA) is unconstitutional, changing the future of sports betting in the United States. Before this ruling it was illegal to gamble in the United States except in certain states and cities such as Las Vegas and Atlantic City.
Atlantic Sport are on course to become the first Sports Trading company to benefit from this ruling as they have announced plans that will see them partner with some newly established sport exchanges in the US alongside experienced trading floors in Nevada in order to get the best possible prices on trades for their clients.
Sports trading has returned on average over 30% per client over the past two years and its easy to see why its one of the fastest growing sectors in the alternative investment market.