When Sporttrade, a startup that has developed an app that provides a trading exchange for sports bets, went looking for its first office that would also serve as its headquarters, the company debated whether to have two locations.

It knew one would be in New Jersey, a leader in the sports betting industry and has a regulation that requires a certain number of employees to be located in the state. Sporttrade has 50 employees throughout the region and the company had to figure out if and where it would have a second office. That issue was resolved when it toured space at Two Aquarium Drive in the city of Camden.

“We found the waterfront spot and as we walked into the space, we saw the views,” said Alex Kane, CEO of Sporttrade. “You could catch yourself daydreaming looking at the water and Center City.”

While Camden does some of the best views of the Philadelphia skyline, locating its headquarters in 8,000 square feet in the city provides Sporttrade other benefits. “We can still attract Philadelphia talent and it allows us to stay regulatory compliant,” Kane said. “It’s the best of both worlds.”

*Article courtesy of Philadelphia Business Journal

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