Mojo is now live in New Jersey!
Now live in New Jersey –
Get a free stock worth up to $10,000!
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LEARN

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

INTRODUCING MOJO

INTRODUCING MOJOFAQ

LEARN

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

INTRODUCING MOJO

INTRODUCING MOJOFAQ
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FAQ

About Mojo

What is Mojo?
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Mojo is the first state-regulated sports stock market. Finally, you can invest in the entire career of your favorite athletes — the way you would invest in a business on the financial market.

What players are available on Mojo?
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Over 300 NFL players are currently available — offensive skill players, including QBs, RB, WRs, and TEs. Soon, we’ll be adding college athletes, as well. And eventually, we’ll be adding every athlete from every sport in the world.

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

How does Mojo work?
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Share prices on Mojo reflect a career-long statistical expectation. Just like the financial markets, you can invest in stocks you think will exceed expectations, and you can buy, sell, and cash out anytime. Except on Mojo, you're investing in athletes, instead of businesses.

The best part? Stocks on Mojo have real value, thanks to a guaranteed retirement payout formula. And you can trade in and out along the way.

Who am I buying from and selling to?
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All trades are made directly with Mojo. That means you can buy and sell instantly anytime, with no external buyer/seller relationship necessary. Mojo is essentially “the house.” We are NOT an exchange that simply matches buyers and sellers. 

How do I make money?
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Go Long if you think the athlete’s share price will go up. Go Short if you think it’ll go down. You can cash out anytime, or hold the stock for a guaranteed retirement payout. Winnings are unlimited, but you can never lose more than you put down.

What does “Go Long” mean on Mojo?
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If you think a player is underrated, Go Long to make money as the share price goes up.  For every $1 the share price rises above what it was when you invested, you’ll get a positive return of $1 per share.

What does “Go Short” mean on Mojo?
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If you think a player is overrated, Go Short to make money as the share price goes down. For every $1 the share price falls below what it was when you invested, you’ll get a positive return of $1 per share.

When you Go Short, your maximum upside is double your initial investment.

What is a Multiplier? Why is it only available for some players?
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A Multiplier is a way for you to (spoiler alert) multiply your returns. And they’re free for you to add to your trade.

With Multipliers, you can boost your gains or losses to increase the excitement — especially when you invest in an established player, whose share price might not otherwise have as much movement.

By adding a Multiplier to your trade, you can dial up the rewards, risk, and excitement of your investment. A 2x multiplier doubles your returns, 3x triples them, and so on. The upside is unlimited, but you can never lose more than you put down.

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

Are there fees for using Mojo?
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Yes. Right now we have a limited time promotion of a 1% commission fee on any positions you open, but no fees when you cash out or settle at retirement. 

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. Right now, we’re live and legal in New Jersey, with more states coming soon.

Your safety, security, and enjoyment are our top priorities. That’s why we’ve chosen to be state licensed and regulated by the New Jersey Division of Gaming Enforcement (DGE). This third-party oversight ensures that the rules of our market are strictly enforced.

In fact, we believe so strongly in this regulation, that we’re the only sports stock market that’s taken these steps.

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. Currently, you can only make trades while physically present in New Jersey. More states are coming soon!

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

Share Prices

What is the share price?
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The share price is the market’s best guess for an athlete’s end-of-career statistics. It moves in real time with every on- and off-field event. As a player exceeds expectations, that price will rise. If the player falls short of expectations, the price will fall. Share prices  move with performance, news, and anything else that affects expectations. 

How is the share price calculated?
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The share price is made up of two pieces: 

  1. Banked Mojo Value — what an athlete has already earned
  2. Future Mojo Value — what they're expected to earn between now and retirement. 

Banked Mojo Value + Future Mojo Value = Expected Value (aka Share Price)

What is Mojo Value?
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Mojo Value is an objective formula that assigns dollar values to key on-field stats:

  • $.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.

When a player retires, Mojo pays out the end-of-career Mojo Value, per share.

What do “Banked” and “Future” mean?
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Banked Mojo Value is the actual value an athlete has earned from their on-field performance. 

Future Mojo Value is the market’s expectation for the value an athlete will earn between now and when they retire. 

Banked Mojo Value + Future Mojo Value = Expected Mojo Value (aka Share Price)

What makes the share price move?
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Everything! The biggest factor is how well the player plays, but news and market sentiment drive price movement, too — just like a stock.

News about trades, signings, injuries, playing time, suspensions, etc. all affect career expectations — both positively and negatively.

Each stock has unlimited shares, but there’s still demand. When a large number of shares are purchased, that demand can move the price, similar to traditional stocks and betting odds.

How much do share prices move?
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Because Mojo’s market is based on an athlete’s entire career, share price movement is closer to stock trading apps than sports betting apps. 

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.

Retirement

What happens when a player retires?
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Mojo considers an athlete “retired” if they have not been on an active roster at any point during the first or last four weeks of the NFL season.

When that happens, Mojo’s guaranteed retirement payout is automatically triggered, and shareholders receive a dollar amount equal to the athlete’s end-of-career Mojo Value, per share.

What is Mojo’s guaranteed retirement payout?
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Every stock on Mojo has a guaranteed retirement payout value. When an athlete retires, shareholders automatically receive the dollar amount equal to the athlete’s end-of-career Mojo Value, per share: 

  • $.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 if a player never announces their retirement?
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The announcement itself doesn’t matter on Mojo. We consider a player “retired” if they have not been on an active roster at any point during the first or last four weeks of the NFL season.

What happens if a player un-retires?
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If a player changes their mind after their stock has paid out (ahem, looking at you, Tom), or they’re signed to a new contract, they’ll be re-listed with a new share price. Previous retirement payouts for that athlete stock are not affected.

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 trading, 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. However, even when the market is closed you can deposit or withdraw your money and explore athletes. 

Who am I buying from/selling to?
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Mojo is “the house.” Since you’re always trading directly with us, you have instant access to your funds (aka 100% liquidity), and there’s no external buyer/seller relationship necessary.

Is there a minimum or maximum number of shares I can buy?
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The minimum investment amount on Mojo is $1. You can buy full or fractional shares depending on how much you want to invest. The maximum is currently $3,000 per athlete, which will be increasing as we continue to roll out the app. Limits are subject to change.

How can I contact Mojo if I have more questions?

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