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Get all the answers you need to start trading like a champ:

INTRODUCING MOJO

INTRODUCING MOJOFAQ

FAQ

About Mojo

What is Mojo?
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We’re a licensed and regulated sportsbook that offers a totally unique bet — an over/under on an athlete’s career statistics that you can trade in and out of instantly, just like a stock.

What players are available on Mojo?
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NFL and NCAAF players are currently available on Mojo. Eventually, we’ll be adding every athlete from every sport in the world.

How does Mojo work?
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Every athlete has a share price that represents their expected career stats. This is the betting line. If you think the athlete will finish with better stats than the market expects, take the over by Going Long. If you think an athlete will fall short of expectations, take the under by Going Short.

Once you place your bet, the higher the price rises or the lower it falls, the more money you make. You can cash out anytime, just like a stock, to collect your profits or cut your losses. 

Who am I buying from and selling to?
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Mojo is “the house.” You’re always trading directly with us, which means you have instant liquidity — so you can open and close positions anytime, without having to worry about a buyer/seller relationship.

How do I make money?
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  • Go Long: This is taking the over. The higher the share price rises above what you paid, the more money you make. There’s no ceiling on profits on a Long trade, but you can never lose more than you bet.
  • Go Short: This is taking the under. The lower the share price falls below what you paid, the more money you make. The upside on a Short trade is double your money. And again, you can never lose more than you bet.

No matter which side you take, you can trade in and out instantly anytime, or hold your bet for a guaranteed retirement payout. Plus, you can supercharge every bet with ato dial up the excitement even more.

What does “Go Long” mean on Mojo?
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A stock’s share price is like a betting line for an athlete’s CAREER stats. You’re betting on whether they’ll finish their career with better stats than the market thinks — or fall short of expectations. 

When you Go Long, you’re taking the over.

  • For every $1 the share price rises above what it was when you placed your bet, you’ll get a positive return of $1 per share.
  • There’s no ceiling to profits when you Go Long.

What does “Go Short” mean on Mojo?
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A stock’s share price is like a betting line for an athlete’s CAREER stats. You’re betting on whether they’ll finish their career with better stats than the market thinks — or fall short of expectations. 

When you Go Short, you’re taking the under.

  • For every $1 the share price falls below what it was when you placed your bet, you’ll get a positive return of $1 per share.
  • When you Go Short, your maximum upside is double your initial bet.

What is a Multiplier?
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When you place a trade on an athlete, you’ll see the option to add a Multiplier. Multipliers act the way they sound — they multiply your profits or loss. The best part about adding a Multiplier to your bet is that winnings are unlimited and you can never lose more than you put down. 

Here’s how they work: With a 10x multiplier, a 1% return becomes 10%, a 2% return becomes 20%, and so on. 

For a limited time, Multipliers are available for FREE, ranging from 2x to 15x. 

Want to learn more? Check out our blog post on Multipliers.

Are there fees for using Mojo?
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There’s currently a 2% commission fee for trades on Career stocks.

Liquid Prop bets have variable commissions, which you can see before you complete your trade.

Important notes:

  • Fees only apply to the opening of a trade.
  • There are currently no additional fees when you close a position, cash out, deposit, or withdraw your money.

You’ll also notice a small difference between the prices you can instantly buy or cash out at. Similar to financial markets, this is called the “spread” — the difference between the bid and the ask price.

Spreads on Mojo tend to be small (about 1% on average), and you can always see the exact number before you make a trade by clicking on the Price Book icon at the top right of the trade page.

What is a spread? Why does Mojo use a spread?
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A spread is the small difference between the prices you can instantly buy or sell at. 

Just like regular stock markets, Mojo has a spread so that we can operate as a business and guarantee liquidity. Spreads on Mojo tend to be small (about 1% on average), and you can always see the exact number before you make a trade by clicking on the Price Book icon at the top right of the trade page.

We try to keep the spreads small, and we’re working on adding limit orders so you can set the exact price at which you’re buying or selling. Stay tuned!

Is Mojo legal?
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Yes. We’re a state licensed and regulated sportsbook currently operating in New Jersey, with oversight from the New Jersey Division of Gaming Enforcement. We’ll be expanding to more states soon. 

Sign up to get updates as we add new states, new players, and new features.

Is my money safe?
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Yes. We use industry-best security practices, including two-factor authentication, and integrate trusted partners like Plaid to ensure that your money — and personal information — is protected when you make transactions. 

We’re also proud to claim unparalleled financial reserves, so you can buy, sell, and cash out anytime, knowing that your investments are backed by some of the biggest and best names in the business. Mojo has raised over $100M to date from both institutional and angel investors. 

In which states is Mojo available?
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Anyone in the U.S. can download Mojo and explore athlete share prices, track the market, compare players, and more. We’re currently open for trading exclusively in New Jersey, and we’ll be expanding to more states soon. 

Sign up to get updates as we add new states, new players, and new features.

How does Mojo keep my money safe?
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Mojo is the first-ever fully licensed and regulated sports stock market, so you can trade, deposit, and withdraw with 100% confidence. All deposits are securely held, dollar for dollar, in a separate bank account with oversight of financial reserves. We offer instant liquidity, so you can cash out anytime.

Industry-best security practices including data encryption and two-factor authentication ensure that your money — and personal information — are protected.

How is Mojo different than a traditional sports bet?
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No more confusing odds. No more all-or-nothing bets. The upside on a Mojo bet is unlimited — the more you’re right, the more money you’ll make — but losses are capped. You can never lose more than your initial bet. Plus, you can cash out instantly, anytime, just like a stock.

Share Prices

What is the share price?
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The share price is the betting line — it’s the market’s best guess at an athlete’s career stats. 

It’s made up of two values: what an athlete has earned so far (Earned Value), and what they’re expected to earn in the future (Future Value).

To understand how value is calculated, visit the FAQ below on Mojo Value.

How is Mojo Value calculated?
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Each sport has its own Mojo Value formula. Here is the NFL formula and we'll release the others when new sports are launched on Mojo.

NFL

  • $.01 per 10 Yards
  • $.01 per First Down
  • $.02 per Touchdown
  • $.02 per Explosive Play (40+ yards)
  • -$.04 per Turnover
  • -$.01 per Sack

*Super Bowl Bonus: Members of the winning Super Bowl team get a one-time 5x Mojo Value bonus for that game.

What is Mojo Value and how does it relate to share price?
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Mojo Value is the stat at the heart of the sports stock market. To calculate the Mojo Value an athlete has earned, we created a formula assigning dollar amounts to key statistics in each sport. 

The share price is the expected Mojo Value for an athlete’s entire career, and is made of two parts: what they’ve earned (Earned Mojo Value) and what the market thinks they’ll earn (Future Mojo Value). 

Earned Mojo Value + Future Mojo Value = Share Price

What do “Earned Value” and “Future Value” mean?
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Earned Value: The stats an athlete has earned so far in their career. 

Future Value: The stats the market expects them to earn in the future.

Earned Value + Future Value = Expected Career Value (aka Share Price) 

You can use the Mojo Value formula to calculate what an athlete has earned (Earned Mojo Value) and then make your call on whether you think the market’s expectations for their Future Mojo Value is too high or too low. 

What makes the share price move?
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Mojo is “the house,” and we move share prices the same way traditional sportsbooks move their lines — based on athlete performance, news, and market sentiment.

Events like trades, signing, injuries, playing time, suspensions, etc. that happen outside of the game also affect career expectations — both positively and negatively. 

For example: If Patrick Mahomes plays well, his share price will go up. But it could also go up if the team signs a new player to give him more weapons. Or it could go down if he loses a favorite receiver, like Travis Kelce.

How much do share prices move?
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Weekly movement could be anywhere between 5-10%, monthly could be 20-25%, season-to-season could be 50-75%, and long-term can be 1000% or even 5000%. 

With Mojo, you can trade in and out anytime over the course of an athlete’s career, so unlike traditional sports betting, winning or losing is not an all-or-nothing proposition. 

To supercharge your bet and see bigger returns, add when you place a trade. Each stock has the option to add a Multiplier, with returns up to 15x.

How does a guaranteed payout give Mojo stocks real value?
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Mojo’s guaranteed payout at the end of an athlete’s career is based on objective stats, which gives the stock real value. If an athlete ends their career today, you’re guaranteed to receive their accumulated Earned Value.

You can find the Mojo Value formula for each sport in the FAQ above, "How Mojo Value is Calculated".

Bet Settlement

What happens when a player retires?
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Because athletes announce their retirement while they're still playing, change their minds (looking at you, Tom), or their careers end without ever announcing a retirement, we’ve created specific criteria for a bet to auto-settle.

The bet is auto-settled when an athlete meets our criteria, and Mojo pays shareholders the Earned Value of the stock — guaranteed.

When are bets settled on Mojo?
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Bets settle whenever you cash out, which you can do anytime. Each stock also has a guaranteed payout at the end of an athlete’s career, based completely on objective stats, giving it real value. The bet is auto-settled when an athlete meets our criteria, and Mojo pays shareholders the Earned Value of the stock — guaranteed.

What if an athlete never announces their retirement?
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An athlete can still be delisted from the market, and their stock auto-settled, even if they never announce their retirement. 

For example, this could happen if an athlete is un-rostered for a certain period of time, or cut by a team and never picked up by another one. 

What happens if a player un-retires?
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If a player changes their mind after their stock has settled, or they’re signed to a new contract, they’ll be re-listed with a new share price. Previous settlements for that athlete stock are not affected.

What is Mojo's auto-settlement criteria?
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There are different bet settlement criteria for each sport. 

  • NFL athletes auto-settle on Mojo if they have not been on a roster at any point during the first or last four weeks of the NFL season. At that point the bet is auto-settled, and Mojo pays shareholders cash.

NOTE: A non-rostered athlete’s stock will not auto-settle if they are:

  • On the Exempt list
  • On the Injured Reserve list
  • On the Injured Reserve – Designated to Return list
  • On the Non-Football-related Injury Reserve list
  • On a Practice squad
  • On the Physically Unable to Perform list
  • Suspended

Prospects
& College Athletes

What’s different about betting on future stars?
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Share prices for all athletes on Mojo, including college athletes and prospects, are based on the expectations for that athlete’s major pro career (NBA, NFL). When you trade a prospect’s stock, you’re betting on whether they’ll make it to the big leagues, and how well they’ll perform when they get there. 

Bet on future stars to increase the excitement. If they make it? You’re in early. If they don’t, their stock will auto-settle at $0.

How is a prospect’s share price calculated?
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Share prices for all athletes on Mojo are based on the expectations for that athlete’s major pro career. Prospects’ stats in college or other pro leagues don’t count. Athletes only earn Mojo Value if and when they play in the NFL. 

What makes a prospect’s share price move?
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Prospect share prices move based on anything that affects the expectation for their future career in the NFL, including whether they’ll even make it there.  

Because the college market is driven by future NFL performance, the expected draft position plays a huge role. Higher draft picks get more opportunities, and a longer leash. In addition to performance, recruiting pedigree, historical comparisons, size, arm strength, and speed can also alter a player's draft position and drive their share price up or down.

Why can I only Go Long on college athletes?
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We’ve created a way for you to bet on stars as soon as you spot them. Going Long on an athlete enables you to get in early on their future success in the major professional leagues (rather than rooting against them by Going Short).

What happens if a prospect doesn’t make it to a major professional league?
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If a prospect does not sign with a major pro team, their share price auto-settles at $0 and all positions are closed. 

For NFL prospects, this will happen if they are not on an NCAA roster at the beginning of the season and have not applied for the next NFL draft. 

What happens if a prospect makes it to a major professional league?
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When a college athlete or prospect makes it to the NFL or NBA, they’ll be able to start accumulating Earned Value. Prior to this, their share price is made up of Future Mojo Value. 

If you placed a bet on one of these athletes: nice! Now you have potential to grow your position even more or cash out whenever you want to. 

Other

What are the market hours?
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The Mojo market is open from 9:00am to 1:00am, seven days a week. 

What are trading halts?
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Mojo may occasionally halt betting on an athlete, making new trades temporarily unavailable. Similar to live sports betting, this can happen due to uncertainty surrounding in-game events (for example, instant replays), or during overnight hours. 

Please note that even when there are trading halts or the market is closed, you can still deposit or withdraw your money and explore athletes.

Who am I buying from/selling to?
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Mojo is “the house.” You’re always trading directly with us, which means you have instant liquidity — so you can open and close positions anytime, without having to worry about a buyer/seller relationship.

Is there a minimum or maximum number of shares I can buy?
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You can buy full or fractional shares depending on how much you want to bet. The minimum is $1 and the maximum is currently $10,000 per bet and $50,000 total per athlete. Limits are subject to change.

Can I see the numbers behind Mojo?

Sure! You can download .csv files to explore the stats and data that drive Mojo Value.

See the Data

How can I contact Mojo if I have more questions?

We're here to help 9am-1am EST, seven days a week

Text or Call

1-551-225-0121