Traders should have a say in the rules written about them.

The Sports Traders Union represents the people who trade sports event contracts, not exchanges or special interests.

The problem

Policy is being written about traders, without traders.

Rules surrounding sports prediction markets are being written right now, in Washington, in state capitols, and inside regulatory agencies. Most of that drafting is happening without anyone asking the people who use these products.

Companies have lobbyists. Sportsbooks have trade groups. But the traders who actually use these markets have no seat at the table. Decisions about fees, fairness, and how disputes get settled are being made as if they weren't in the room. We're here to help change that.

What we do

Standards, organizing, and representation.

Publish standards

We write and maintain the Responsible Trading Code, a set of standards for how platforms treat the people using them. Nothing in it is necessarily specific to sports, or to exchanges.

Organize traders

We're organizing traders so they have somewhere to speak from.

Hold Platforms to Account

We track and publish which standards each platform actually meets.

The Standard

The Responsible Trading Code

Nine standards an Adopting Exchange commits to uphold. The Code targets gambling-like behavior, a pattern of participation rather than a product classification.

  1. 01

    Age and access

    21+, verified before any deposit or trade.

  2. 02

    Marketing

    Honest, risk-forward marketing that never targets the vulnerable.

  3. 03

    Education

    Clear economics and real risk explained before anyone trades.

  4. 04

    Product interface

    Deliberate-by-design interfaces with no casino mechanics.

  5. 05

    User controls

    Easy-to-find limits, cooling-off, and self-exclusion.

  6. 06

    Incentives

    Opt-in incentives that are never triggered by losses.

  7. 07

    Contract design

    Extra scrutiny for short, repeatable, casino-like contracts.

  8. 08

    Monitoring and intervention

    Tiered, documented responses to loss-chasing patterns.

  9. 09

    Transparency and accountability

    Tracked metrics, shared with regulators and independently attested.

The advisory board.

The Sports Traders Union brings together traders, researchers, and policy experts who believe these markets should work for the people who use them.

  • Portrait of Jack Andrews, co-founder of Unabated

    Jack “Captain Jack” Andrews

    Jack is a professional sports trader with three decades in the markets and the co-founder of Unabated, the trading tools and education platform used by sports traders across the country. One of the most trusted public voices on how sports markets actually work, he has spent years teaching market mechanics through Unabated’s courses, podcasts, and his own writing.

  • Portrait of Andrew Courtney, writer of the Whirligig Bear newsletter

    Andrew Courtney

    Andrew is a former professional trader and current writer and practitioner in prediction markets. He spent more than a decade at Susquehanna International Group, eventually managing a large ETF trading operation.

    Since leaving professional trading, Andrew has focused on prediction markets and on using them to explain traditional trading concepts, including pricing, risk management, market making, expected value, and market structure. He speaks and writes about these topics on his Substack, Whirligig Bear, and has been quoted in publications including the Wall Street Journal. He believes strongly in financial literacy, transparent marketing, and clear standards for prediction markets.

    Andrew lives in the Philadelphia suburbs with his wife and two young children.

  • Portrait of Antonino De Rosa, sports trading group founder

    Antonino De Rosa

    Antonino has led his own sports trading group since 2021, specializing in scalable betting operations and market strategy across the NBA, tennis, and soccer. His expertise is in sportsbook risk management, pricing, and market analysis, and he wants sports trading recognized as a legitimate profession rather than something viewed negatively — a market where recreational bettors can participate sustainably and trust that they are not being taken advantage of.

    He has been in the gaming industry since 1999, beginning as a professional Magic: The Gathering player before joining Upper Deck Entertainment to develop collectible trading card games. In 2008 he moved into sports betting and trading, holding positions at Pinnacle Sports and Plannatech, where he spent the following decade building the risk and pricing experience he now applies to prediction markets.

  • Portrait of Jacob Fortinsky, co-founder and CEO of Novig

    Jacob Fortinsky

    Jacob Fortinsky is the Co-Founder and CEO of Novig, America's fastest-growing sports prediction market. He began building the company as a student at Harvard, where he earned a degree in Social Studies. He founded Novig on a simple conviction: sports markets should work like real markets — transparent prices, open access, and no house deciding who's allowed to win. Fortinsky remains an active advocate for federal market standards that protect skilled participants rather than punish them.

    Under his leadership, Novig has raised over $105 million in venture funding and in 2026 received CFTC designation as a federally regulated exchange — the fastest such approval in the agency's history. He is originally from Larchmont, NY and lives in New York City with his wife.

  • Portrait of David Hill, writer and researcher

    David Hill

    David is a writer and researcher who has covered the gambling industry for over a decade. A former Vice President of the National Writers Union and organizer for the Writers Guild of America East, he has extensive experience with building advocacy organizations in non-traditional industries. He serves on the boards of the National Writers United Service Organization and the Sidney Hillman Foundation. He hopes to help the prediction market industry develop best practices and positions that treat all traders as consumers with rights and respect.

  • Portrait of Alex Kane, founder and CEO of Sporttrade

    Alex Kane

    Alex is the Founder and CEO of Sporttrade, the first company in United States history to offer sports contracts on a regulated venue in 2022. Sporttrade is now awaiting federal designation as a DCM and DCO to offer sports event contracts to direct customers and intermediaries.

    Alex's relentless pursuit to put the sports trader first has taken many forms, including speaking at industry events, panels, and state legislatures.

    Alex lives in Philadelphia with his girlfriend Kate and dog Okie.

  • Portrait of Rufus Peabody, co-founder of Unabated

    Rufus Peabody

    Rufus has built a reputation as one of the sharpest sports bettors and prediction market traders in the world. For 17 years he's developed proprietary models across a variety of sports and traded on the edges those models surface. Increasingly, his focus has shifted toward prediction markets, where he sees the most compelling inefficiencies and the greatest opportunity for sophisticated, data-driven trading.

    His resume has collected some interesting chapters along the way: co-founding Massey-Peabody Analytics (NFL and college football ratings published in the WSJ), co-founding Unabated Sports, consulting for an NFL team and professional golfers, a year as ESPN's predictive analytics expert, and co-hosting Bet The Process, a weekly podcast on sports analytics and prediction markets. Rufus is a graduate of Yale University, where he wrote his senior thesis on psychological inefficiencies in the baseball betting market.

  • Portrait of Isaac Rose-Berman

    Isaac Rose-Berman

    Isaac is a sports trader, poker player, writer, and fellow at the American Institute for Boys and Men, where his research focuses on gambling policy. He publishes How Gambling Works, a newsletter about gambling, prediction markets, and consumer protection. His work explores how rules, incentives, and product design shape behavior, and how public policy can better protect the people who use them.

  • Portrait of John Shilling, co-founder of Blackbriar

    John Shilling

    John is a co-founder of Blackbriar, a market making firm focused exclusively on sports prediction markets, and the host of the Risk Takers Podcast. Based in South Carolina, he leads a desk providing liquidity across numerous sports and venues, with equal weight on the fundamental pricing of each sport and the quantitative principles behind trading it well.

    John's path to prediction markets ran through poker and traditional finance. He played professionally for several years, primarily in online tournaments, before trading equities in New York and founding Blackbriar in 2022 while earning his MBA at Cornell. He started Risk Takers to do the thing the space is short on: bring the sharpest bettors and traders on to explain how they actually think, in a field where most of the available advice is worth less than nothing. Away from the desk, he's usually on a golf course.

  • Portrait of Shane Sigsbee, founder and CEO of Imawhale

    Shane Sigsbee

    Shane is the founder and CEO of Imawhale, the #1 public volume leader on Kalshi. Based in Fort Worth, Texas, he leads a 20-person trading desk operating across Kalshi, Polymarket, and DraftKings, bringing a disciplined, data-driven approach to pricing and risk in a market he sees as one of the most compelling frontiers in finance today.

    Shane's path to prediction markets ran through a series of ventures spanning finance, sports, and real estate. A Notre Dame graduate with a Finance degree, he played on the school's golf team and has since competed in 10 USGA tournaments. He began his career trading equity derivatives out of college on the CBOE before going on to run the largest sports betting syndicate in the US for the past decade. Along the way, he founded Imawhale Staking, backing professional poker players, and built a short-term rental real estate portfolio along the Alabama Gulf Coast, experience he later channeled into building Imawhale's desk from the ground up.

Advisory Board members serve solely in their personal capacities. Institutional affiliations are provided for identification only and do not imply endorsement by their employers or affiliated organizations. Board members trade on various exchanges, and some have relationships with operators. See Disclosures for more information.

Join the Union.

Add your voice

Membership is how traders show up as a group rather than an assumption someone made about them.

Shape the Code

Members help shape revisions of the Responsible Trading Code as markets and platforms evolve.

Stay in the loop

Get member updates and surveys so the Union's positions reflect what traders actually want.

Now hiring

Executive Director

Full-time Remote $100,000 – $180,000

The Sports Traders Union is looking for its first executive director to run the organization day to day.

Run the organization
Day-to-day operations, budget, strategic planning, and the first hires. Stand up what a real nonprofit needs and does not yet have: nonprofit status, bylaws, a governing board, financial controls, and reporting.
Operations
Grow and serve the membership, run governance and budget, and hire the first staff.
View the full role

Or email info@sportstraders.org directly.

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