HomeUK-StartupsLondon-based Smarket sees over £1 million traded on its "betting exchange"

London-based Smarket sees over £1 million traded on its “betting exchange”

The social-gambling-startup Smarket just announced that it has seen over £1 million traded on its “betting exchange” since their official launch in February 2010 (Update – December 2022: The startup seems to have since changed its name to Smarkets).

The young company is based in London and competes with big gambling players like Betfair. The site lets users set odds and bet against other players before, and during, all kinds of events.

In addition to this recent announcement about Smarket’s current betting exchange-numbers, the startup also published the news that it will shortly expand into horse racing as well, opening up its portfolio of services within the betting world.

By the way: If you’re watching the UK startup scene with a keen eye, don’t forget to check out our articles, interviews and funding round news focused on the UK!

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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