The company allows customers to trade in and out positions on sports outcomes as they would trade stocks, options or crypto currencies. The platform uses capital markets technology and infrastructure to allow users to make profit or trim losses based on probability changes in an event at any time.

The company says it's the first to integrate watching and wagering in one ecosystem. Just in time for football season, the introduction also activates a sports betting lounge at MetLife for guests 21 and over.

Hoboken's Prophet Exchange has also partnered with New York Football Giants legend and Paterson native Victor Cruz,who will serve as a strategic partner and brand ambassador.

Under the multi-year, multi-platform agreement, the New Jersey-based sports betting outfit will provide insight during broadcasts while the streaming network's pro football analyst Warren Sharp will deliver reports.

When New York launched mobile betting back in January, a lot of analysts and experts expected New Jersey to see a pretty significant decline. But the evidence suggests that the Garden State continues to hold its own, with its sportsbooks breaking the $1 billion mark in six handles over the last seven months.

The deal will give consumers in New Jersey and Pennsylvania access to both sports and iGaming content.

The move marks the Jersey City-based operator's 22nd market.

“This collaboration allows us to further expand BetMGM's reach to our fans through SportsGrid's nationwide broadcast network,” BetMGM CEO Adan Greenblatt said.

During the first month that online and mobile sports betting was legal in the Empire State, patrons across the Hudson River wagered $631 million more than in New Jersey.

After legalizing the practice after the New Year, the Empire State now holds the title for most wagers place in a single month.

PlayUSA.com shows that of the $1 billion bets estimated for U.S sportsbooks, $160 million is expected in New York and $130 million in New Jersey.

The Jersey-based sports betting and gaming entertainment company teamed up with the Washington Nationals to launch the first-of-its-kind outpost.