STX is a sports betting exchange platform that operates similarly to a traditional financial market. It provides a real-time marketplace where users can bet on the outcomes of various sporting events. Unlike conventional sportsbooks that set the odds, STX allows its users to determine the odds by placing orders. A trade only happens when a buyer and seller agree on a fair price. This model eliminates the one-sided pricing often seen in traditional sportsbooks, giving users a better chance of winning in the long run.

STX's unique business model is designed to increase volumes, reduce hold, and give users more control over their betting experience. The company's proprietary smart-balance wallet solution and exchange platform provide users with the ability to manage risk effectively through various order placement strategies and analytics. This makes STX an attractive platform for those who have previously been turned away from other platforms for winning too often.

STX operates in the sports betting market, serving clients who are interested in betting on sporting events. The company makes money by facilitating trades between buyers and sellers, likely taking a small commission from each transaction.

STX's platform is designed to be transparent and user-friendly, allowing users to trade live sporting events 24/7 and manage their portfolios on-the-go. Each market contract on the platform is a binary option, meaning the result of the contract is either YES or NO. A YES result makes the contract worth $100, while a NO result makes the contract worthless.

Keywords: Sports Betting, Exchange Platform, Real-time Marketplace, User-Controlled Odds, Risk Management, Binary Option, Transparent Betting, Live Trading, Mobile Portfolio Management, Financial Market Inspired.