Meet the Wall Street of sports wagering. I got an idea. I want to see the powers that be set up a sports stock market. Where you can buy stock in players and teams and it can go up or down just like Wall Street. This would be a great new system of wagering. Its a tillion dollar idea, who's going to make it first??
Late 2 the party. They had this already, it was called MOJO. The app closed down a couple months ago. ARod was an investor. I personally liked it and did well. Still don’t understand how I shorted Daniel Jones before the season and I didn’t make $$$. Did not understand or agree with that decision.
Sports betting is basically just that... You're either buying or selling teams based on the weekly price (point spread). There's also futures, season win totals, player props, live betting etc. There's any number of ways to invest in or short a player/team.
Stock style sportsbook per se. What’s interesting is whatever stocks you were holding, if you lost money they made you even +100. (There fees were outrageous). Hope they comeback.
Mojo has entered into a letter of intent to sell certain technology as part of an exciting, large partnership. While we cannot yet announce the details of the contemplated deal, it does mean that we unfortunately will be closing our NJ sportsbook operations.
To be clear, Mojo as a company isn’t going anywhere. Closing our NJ sportsbook was a difficult decision, but it's the right move as we transition to a new future with an exciting partner; and we will continue to look at ways to bring back our career bet as a national, 50 state product.
In the meantime, all career bets have been settled and can be viewed in your transaction history on the app. And the good news is you’ll get to keep any profits, and we’ve refunded any open career bet losses.
If the current value of your open career position was higher than your initial stake, it has been settled at today’s market value. (If you’ve made a profit, it’s yours to keep.)
If the current value of your open career position was lower than your initial stake, the value of your initial stake has been refunded. (You’ll see a manual credit in your account and can withdraw that money.)
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