|By PR Newswire||
|April 9, 2014 06:19 AM EDT||
LONDON, April 9, 2014 /PRNewswire/ --
The Sports Trading Club (http://www.sportstradingclub.com), a private investment club that trades on sports and prediction markets announced today that the STC VIP Fund grew 61 % due to trading profits for the first quarter of 2014.
A new Member who joined on 1 January 2014 has enjoyed a 140% increase in their funds as at 31 March 2014.
Expectations have been building for months around the Sports Trading Club followings its success in Australia and its expansion into Asia, where it forecasts that it will earn some 680 million yuan ($110 million) this year.
STC UK Communications Manager Patrick McMahon bases this prediction largely due to the rise of the Chinese middle class.
"The two macro things that have shaped so much of the last 10 or 15 years, but are going to shape the future, are the rise of the Chinese middle class and the rise of the internet. It is a phenomenal combination," he said.
"They are the two absolute global economic game changers. The Sports Trading Club intends to participate as effectively as possible in both."
"We don't gamble, we trade," Mr McMahon said. "At the Sports Trading Club we make money out of other people's mistakes. When one side gambles, and the other trades, it is like owning the casino, you make money even whilst you sleep."
"This is an exciting emerging market and growing at an unprecedented rate, making it the fastest growing sector of e-commerce in the world today," he said.
Bank of America and Merrill Lynch predict that by 2015 the on-line sports market will be worth over $512 billion a year.
About Sports Trading Club Limited
The privately held sports trading club, which was predicted by many at the end of 2012 to be the rising star of 2013, put in the top performance in any industry, with a eighteen-fold rise in return, meaning a $50,000 investment on the 1st January 2013 was worth over $900,000 one year later. A rise of over 1900 per cent.
Its success in 2013 has sent a clear message to investors that trading on sports and prediction markets is an emerging industry to rival traditional financial markets.
For additional information, visit http://www.sportstradingclub.com
Contact David Lee for Investor Relations information at email: [email protected]