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The failed, crooked World Sports Exchange did the same thing with this share trading type thing they tried. My friend made a lot of money trading Kobes as he called them, mostly Lakers to win the NBA title, conference, and some in game betting. You could trade futures and in game. The lines on the bets you originally placed did not move but their value did. Unfortunately for my friend the WSEX was collapsing at the same time my friend became the world's best Laker day trader in 2010.
What was crooked is they kept their small debts to debtors paid, and my friend got excuses why he wasn't getting paid. He was out like $10,000.
He believes in the Lakers like Charlie Brown believes in the Great Pumpkin.
Unfortunately in the following dozen years he lost back that $10k betting on them to win it all, $10k he never got.
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