At its core, STX is a technology company striving to transform the U.S. sports betting industry. By offering a state of the art trading exchange built on a modern day technology stack we are positioned to enable a new class of market participants to provide liquidity in sports betting markets. Bringing traditional capital market principles into the world of sports will provide a stronger level of consumer protection, tighter pricing, and more volume.
On the STX exchange users can buy or sell Binary Options on the outcome of sporting events. If the Binary Option results in “YES” the contract settles into $100 and if “NO” the contract settles into $0. Because STX doesn’t take the other side of its traders’ bets, we avoid the predatory mechanisms like restrictive limits, outright bans, and discounted “cash-outs” that you find at a traditional sportsbook. The sports betting industry has long yearned for transparency, reliability, and engagement. On STX, you will get all of that and more, the option is yours!