If Fever Pitch taught us anything, it's that emotionally investing in your favorite team can be a grueling affair filled with years of highs and lows, and that Drew Barrymore peaked in the Charlie's Angels where she dates Tom Green. Invest more than just your time, Chad, with StarStreet Sports, now trading for the World Cup.
Just launched out of Central Square by a Cambridge native/recent Syracuse grad who was inspired by passionately trading sports cards as a kid, SSS is an online sports stock exchange that lets you buy and sell virtual shares of your favorite players/teams in an effort to eventually make actual money, which'll help get dad off your back about still living at home, and sleeping in their bedroom during thunderstorms. It works like this: after creating a personal trading account you'll be allocated $1,000 in Streetbucks (they're not using real scratch just yet); from there you can do two things, either bid on shares of a new team in an Initial Player Offering (IPO, similar to when a company goes public) or get right to the virtual trading floor, so you can snag shares of teams already being traded, like Brazil, Italy, or North Korea, if you prefer to root for a dark horse with the potential to turn the world into a nuclear fireball. Once you've got a feel for the big board, you can unleash your inner Gordon Gecko and buy/sell at will in a mad dash to grow your portfolio and climb the list of traders, with SSS snagging a two percent cut off of every sell transaction; like any real stock market, player/team values are determined by the supply/demand of shares and aren't tied to on-field performance, (you're welcome DaMarcus Beasley).
While SSS is starting small with the WC, the plan is to eventually run continuous markets in all major sports and replace Streetbucks with cold hard cash, skirting their way around gambling laws by providing a "game of skill and not chance", much like baseball, and avoiding kissing your love interest because he's Tom Green.
Published: June 3, 2010 at 4:00am EDT
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