User:Meyernickj/sandbox

History
PropSwap was founded in Las Vegas, Nevada in June 2015 by Luke Pergande and Ian Epstein. The two founders met while attending the University of Arizona, but it was their shared experience in Hong Kong that solidified their friendship and eventual business partnership.

Initially, PropSwap was only able to operate within Nevada due to restrictions imposed by PASPA, which prohibited sports betting outside of Nevada. However, in May 2018, the Supreme Court overturned PASPA, which allowed PropSwap to expand its operations nationwide.

PropSwap's innovative approach to sports betting has garnered recognition from major media outlets such as Forbes, ESPN, and the Chicago Sun-Times. [content here?]

In 2021, the company completed a $2 million capital raise. Their total funding raised to date is $5 million. The funding allowed PropSwap to further enhance its platform and expand its operations into new markets.

Overview
People who own previously placed sports bets can post them for sale on PropSwap's secondary market. Today, PropSwap has positioned itself as a unique player in the sports betting industry, offering a new platform for bettors to participate in sports betting. The company's growth and success can be attributed to the founders' shared vision and their ability to identify a gap in the market for bettors who wanted to sell their tickets or [add something else here].

Current Status
PropSwap launched in New Jersey after meeting with regulators in the Fall of 2018 [source for this?]. Currently, PropSwap operates in 24 states including Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Texas, and West Virginia.