Mojo App Brings NFL Player Stock Trading to Sports Betting

Mojo app allows users to buy and sell NFL players just like stocks. There are over 300 NFL skill players on the app. Users can buy long on a player if they think their career is going to trend upward or sell short if it will decline. The app intends to add college athletes and other sports in the future. The site takes a 1% commission on all trades. It is based on statistics and cents. Off-the-field events can affect the stock price.

Mojo is a new app that allows trading of NFL player stock. Football Index was a similar app but it collapsed last year because of unsustainable operating model. The difference between Mojo and Football index is that FootballIndex used peer-to-peer trading, whereas MoJo trades are with the operator itself. Footballindex paid daily dividends to its users, but the company couldn't afford to keep up with this and it went under.