Tag Archives: exchanges

WBX CEO claims exchange business model ‘no longer viable’

SBC News WBX CEO claims exchange business model 'no longer viable'

Malcolm Gray, CEO of World Betting Exchange (WBX), has claimed that the firm’s business model is ‘no longer viable’ after the firm shut down its operations earlier this week.  The betting exchange announced its closure on Monday, citing increased market competition and compliance costs, although it is refunding its player base and closing all of its markets. In a corporate …

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