British households and businesses anxiously wait for Chancellor Rishi Sunak to announce his Spring Statement tomorrow, a missive that will outline how the government intends to navigate the toughest economic headwinds faced in a generation. Yesterday the Bank of England raised interest rates back to the pre-pandemic level of 0.75%, deploying the fiscal measure to stop the economy being stunted …
Read More »Tag Archives: Smarkets
SBK continues support for horse racing in three Doncaster sponsorships
SBK, a sportsbook app created by Smarkets, is sponsoring three races at Doncaster today including the inaugural SBK Gold Trophy, 90 minutes before the Cheltenham Gold Cup. Additionally, SBK has boosted the prize money of the SBK Gold Trophy at Doncaster today which means it is now being named as the richest class four jumps race for a decade – …
Read More »SBK launches SBK Betting Zone to boost pre-Cheltenham content
SBK has announced the launch of the SBK Betting Zone, a new content hub combining writers, brand ambassadors, podcasts and previews. The Smarkets-powered sportsbook has moved to bolster the range of content available to its customers via the new product, which will focus on highlighting the app’s odds to provide “insights, betting ups, and previews”. This will feature contributions from …
Read More »Grand National prize money set at £1m as large crowds expected at Aintree
The total prize fund for this year’s Randox Grand National will return to £1 million for the first time since the pre-pandemic period, as reported by the Racing Post. The horse racing and betting news outlet was informed by Aintree racecourse on Wednesday that not only will the total value of the 9 April race return to pre-COVID levels, but …
Read More »Smarkets: Boris hits lowest odds on 2022 premiership departure
Boris Johnson’s premiership is ‘on the ropes’ as the PM faces mounting pressure from his party, the media and public to confess that he broke COVID national lockdown rules by attending a ‘bring your own booze’ party at Number 10 last May. Monitoring Down Street developments, Smarkets Politics cites that PM Johnson has reached his shortest price of 1.70 (58% …
Read More »Smarkets: North Shropshire toss-up is a judgement on Boris future as PM
UK Politics faces an end of year climax, as this Thursday the constituency of North Shropshire hosts its by-election, to replace former scandal-ridden MP Owen Paterson. As the constituency heads to the polls, Smarkets has branded the Tory stronghold as ‘too close to call’ – as the Conservative Party and Liberal Democrats are neck-and-neck at 50% and 49% respectively, to …
Read More »Smarkets: Sunak Budget bluster frosty against 22% chance of recession
Smarkets Politics has registered a mixed reaction to the Autumn Budget statement, delivered by Chancellor Rishi Sunak. “Employment is up, investment is growing, public services are improving, public finances are stabilising, and wages are rising” – bellowed Sunak to the Commons, underlying the strengths of the UK economy recovering from COVID-19 pandemic. Yet, despite the Chancellor’s bluster, the latest politics …
Read More »Smarkets: Trump tipped for White House return
Donald Trump has been given a 20% chance of making a return to the White House in 2024, with Smarkets prices indicating that the former President is already “way ahead in the race to be the Republican nominee”. Having fallen to a low of 3% following the storming of Congress back in January, Trump has managed to edge ahead of …
Read More »Boris reshuffle sees Smarkets shorten odds on 2023 General Election
Smarkets has reviewed the surprise promotions and cruel dismissals of PM Boris Johnson‘s latest cabinet reshuffle, forecasting its consequences on the future of UK politics. Prior to Wednesday’s proceedings, Westminster sources had detailed that Johnson was seeking to re-energise his senior cabinet with strong and competent characters to lead key departments post-pandemic. Yet, remaining loyal to his lieutenants, Johnson retained …
Read More »Smarkets snaps up Shaddick in bid to lead all politics trading
Smarkets has confirmed the appointment of Ladbrokes veteran Matthew Shaddick as its new Head of Political Markets. Shaddick led Ladbrokes Politics trading for 18-years, and is replacing former Smarkets political lead Sarbjit Bakhshi, who left the company at the start of the year. Smarkets backed the appointment of highly regarded Shaddick, who will be tasked with maintaining politics as a …
Read More »