Because I generally consider EDSBS commenters
to be knowledgeable about most things football (and legal), I want to get opinions on something. Would it be feasible and/or legal to start a website or other service whereby futures bets could be bought and sold-- perhaps in a StubHub or ebay fashion (with a per-transaction fee)? The first and most obvious drawback I see is the legality vel non of the whole idea, but I view it this way: the bet has already been made, all this does is provide a way to sell an already-made bet. Second, and perhaps more tricky, is how to ensure that the person selling his bet actually transfers or assigns his right to collect his winnings (if the bet pays off) to the buyer. This is complicated by the fact that online betting sites don't deposit money into your bank account when you win, but into your account with their site (likely in hopes that you'll reinvest). Anyway, if someone could make this happen, I think it would be a potentially lucrative venture. I'm sure folks have put a lot more thought into this than I have, and this concept may already exist, but I would love to hear everyone's thoughts.
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I can't help with the legal aspect
And it’s been a while since I took a finance class, but I think this is an interesting concept. Basically, you are talking about trading a futures contract on the bet, correct? The contract would derive its value from the value of the underlying asset, in this case the bet. So the question is, how does one “value” the original bet at any given point in time? Sorry I can’t be of any help, but good luck in figuring it out!
by TechMSA08 on Oct 13, 2025 11:41 AM EDT reply actions
Rather than having to determine the value and trade accordingly, I think it would be easier (and likely more profitable and less illegal) to just provide a marketplace for buyers and sellers to make deals at whatever value they deem appropriate. I, of course, would charge a per-transaction fee.
by PW and EDSBSMD on Oct 13, 2025 1:21 PM EDT reply actions

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