Protrade: An athlete stock market, where you are the trader

ProTrade, a San Mateo start-up that just raised $10 million, lets you stock in athletes.

Alarm:Clock has a good summary of the company:

[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":898,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"B"}']

If you are not familiar with it, the company has developed a stock market for athletes. Teams are known as investment portfolios and the real-life athletes get their own ticker symbols. Manning’s symbol is PMANN. Traders will be allowed to create their own competitive leagues and set their own entry fees, with a $5 minimum per entrant.

…Granted, Protrade is nothing new. Its the same idea as the Hollywood Stock Exchange. But still, we like their style…

Click on this profile to enlarge to see Peyton Manning’s “stock.”