Chicago - OneSeason.com on Wednesday launched its new Web-based sports stock market, developed with $250,000 in seed funding from investor Phil Drayer, Reuters reported.

The site allows users to trade real-world money based on the performance of individual athletes, teams and other sports-related variables. It also features sports news and social networking elements.

Michael Sroka, the 27-year-old founder of San Francisco-based OneSeason.com, told Reuters he thought annual revenue from the venture could hit $50 million to $100 million -- if the site reaches 3 million users after a few years.

Similar ventures, such as the Cantor Fitzgerald-owned Hollywood Stock Exchange, allow users to trade in movie stars, musicians and other celebrities.

Related Links:
http://snipurl.com/403z6 (Reuters)

http://www.oneseason.com