Network Alliance of Sports Betting Operators Exchange
Founded by State-Licensed Operators
Uniting Operators to Shape the Future of Sports Betting
As fintech platforms seek to bypass state regulation, NASBOE brings licensed sportsbook operators together to protect the integrity of the regulated betting industry and define its future.
State-Licensed Only
Industry Coalition
Powered by BetEx
Founding Members Open
Our Mission
Protecting the state-regulated sports betting industry through unity, compliance, and innovation
Why Now?
As fintech companies and non-gaming platforms — Kalshi, Crypto.com, Robinhood, Webull — seek to enter the regulated betting space, there has never been a more important time for state-licensed operators to stand together and define the future of our industry.
NASBOE unites state-licensed sportsbook operators to protect and promote the integrity of their business. Our goal is to ensure a collaborative exchange-based sports betting and prediction market process through compliance, innovation, and industry cooperation.
BetEx helps sportsbooks generate additional gaming revenues and wagering taxes for the states — versus the Kalshi model, which bypasses states and cannibalizes the business of the gaming industry.
$150B+
Wagered across ~40 states in 2025
40+
State-regulated markets to protect
5×
Potential volume growth with ETBs
Regulatory Protection
Advocate for state-regulated frameworks and push back against federal overreach by unregulated platforms.
Multi-Jurisdictional Exchange
Enable cross-state ETB trading on a compliant national exchange built exclusively for licensed operators.
Revenue Growth
Generate additional wagering revenues and tax contributions through Exchange Tradeable Bets (ETBs).
Industry Unity
Build a coalition of founding members who set standards, share intelligence, and coordinate on policy.
The exchange infrastructure built for licensed sportsbooks — not against them
The BetEx Advantage
Unlike other platforms, BetEx does not seek to displace sportsbook operators — it empowers them to the next level. With state-level integration, real-time trading, and inter-operator settlement, BetEx is built for regulated growth and compliance with state and federal laws.
NASBOE is sponsored by BetEx, a U.S.-compliant operator-integrated betting exchange empowering state-licensed sportsbooks with peer-to-peer sports trading after they place Exchange Tradeable Bets with their sportsbooks.
Shape the future of regulated sports betting — founding membership is open now
Founding Member Benefits
All submissions are private and will be sent directly to NASBOE leadership for evaluation and follow-up. Founding members gain early access to the BetEx platform, priority integration support, and a seat at the table in shaping industry policy.