Tag Archives: betfair exchange

Betfair wins Rome ruling to suspend ADM temporary tax charge

Betfair has won its Italian ‘tax reform’ appeal made against Italy’s ADM customs and monopolies agency with regards to how a temporary 0.5% wagering tax should be applied to its Exchange platform. This week, Rome’s TAR commercial disputes court ruled in favour of Betfair’s appeal that a 0.5% tax charge should not be enforced on Betfair’s Exchange activities as a …

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Betfair launches ‘MatchMe’ Exchange service

Betfair has announced the full rollout of its new ‘MatchMe’ service, which aims to enable its customers to match the best market odds devoid of price fluctuations on its flagship Exchange. Customers who turn-on the ‘MatchMe’ service will be automatically paired with a fully matched bet on the Exchange – as Betfair aims to eliminate the “nightmare of having to …

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Corbyn’s turn sees bookmakers point towards a ‘Snap Christmas’

Bookmaker trading teams have rushed to revise their UK political betting markets, as media reports that opposition leader Jeremy Corbyn will change the Labour Party’s stance on a December General Election (yet to be confirmed). With EU leaders agreeing to extend Article 50 negotiation terms until 31 January 2020, and with Conservative Party opposition withdrawing ‘No Deal Brexit’ from negotiations, it …

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Betting exchanges suggest Trump impeachment likely

Following the release of the transcript of Donald Trump’s phone call with the Ukrainian president on Wednesday, betting exchanges are suggesting that impeachment is beginning to look more like reality for the US President Online betting exchange Smarkets has seen close to £35,000 traded on whether the House of Representatives will submit an article of impeachment against Trump before the …

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No-Deal Brexit trading hits lowest trading price on Betfair Exchange

Following Boris Johnson’s controversial decision to prorogue parliament next month, the Betfair Exchange reports that the odds of a ‘no-deal Brexit’ are being traded at their lowest prices this year.  Odds of a no-deal scenario have now been priced at 5/4 according to Betfair, marking a drop from the 5/2 earlier this month, and 9/1 earlier this year. Updating the …

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Betfair signs Clive Owen to lead exchange marketing campaign

Betfair has teamed up with actor Clive Owen (star of Children of Men, Closer, Sin City) to launch ‘What are the odds‘, a new integrated campaign to mark the brand’s return to marketing the Betfair Exchange. The new campaign has been developed by Leo Burnett London as creative lead and will further roll-out a series of educational films across the exchange’s multiple social and …

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Global profile helps Paddy Power Betfair post strong 2019 opening

FTSE100 gambling group Paddy Power Betfair (PPB) has reported a strong start to 2019 trading, despite recording unfavourable sporting results in the UK and Ireland. Publishing its Q1 2019 trading statement (for the period ending 31 March), PPB reports a ‘good underlying momentum’, as group revenues grow 17% year-on-year to £478 million (Q12018: £408m) driven by ‘excellent growth in both …

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Mercurius launches Tradr delivering ‘one-touch’ trading strategies on Betfair

New betting software development studio Mercurius seeks to empower the next generation of Betfair traders with sophisticated artificial intelligence tools. This week, Mercurius announced the launch of its ‘Tradr’ application on the ‘Betfair App Directory’, which will offer exchange customers access to automated trading strategies at the press of one click. Based in Milan, Mercurius is founded by the enterprise team of Fabrizio …

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Scott Longley – Is the Betfair Exchange losing its edge?

This April, Paddy Power Betfair reported a lacklustre Q1 2018 trading update, in which the betting group detailed a decline in its Exchange revenues. As the FTSE operator tackles further enlargement pressures, can the Betfair Exchange maintain product and market dominance against ambitious incumbents seeking to slice apart ‘the exchange cake’… _________________ It seems a long time ago since Betfair …

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Locked In! Betfair releases ‘Auto Cash Out’ for Exchange players

Betfair has released its new ‘Auto Cash Out’ functionality, which will be made available for its UK and Ireland Exchange customers. The new cash out feature allows players to ‘lock-in a profit’ automatically on Betfair Exchange’s live markets.   Launching the new feature, Betfair customers will now be allowed to take an ‘active cash out position’ on Exchange markets. The …

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