Nasdaq Wagers on Sports Betting Trend, Sees Retail Brokers Joining

Nasdaq Wagers on Sports Betting Trend, Sees Retail Brokers Joining
The Nasdaq logo is displayed at the Nasdaq Market site in New York, on May 2, 2019. Brendan McDermid/Reuters
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Sports betting will likely occur through exchanges and retail brokerages like Robinhood Markets Inc. in the future, the head of North American markets at Nasdaq Inc. said on Thursday.

Nasdaq in June took a stake in Sporttrade, a start-up that plans to launch a sports betting app in New Jersey by year-end, and last month the exchange operator said it was providing the company with market surveillance technology.