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Industry
May 24, 2024
Bettors Engage with UK General Election, Wager £1.35M on Betfair Exchange
As the UK General Election campaign kicks off, betting markets have seen an unprecedented surge in activity. In just 24 hours, Bettors have wagered a staggering £1.35 million ($1.71 million) on the Betfair Exchange regarding the outcome of the 4 July vote, which may be instrumental in resolving the island nation’s ongoing political crisis. Conservatives […]
Industry
February 12, 2024
Betfair: Biden’s Reelection Chances Plummeted after Hazy Memory Report
Political bettors seem to be losing their trust in President Joe Biden’s ability to win the upcoming election, as demonstrated by Betfair. According to the betting exchange, Biden’s odds plummeted following an official report about the president’s waning memory. In a response to the Justice Department report into Biden’s mishandling of top secret documents, the […]
Industry
October 5, 2023
Betfair Bettors Believe Rishi Sunak May Lose 201+ Seats
Betfair, an international betting exchange that offers wagering on politics, said that British bettors believe the Conservatives are losing their momentum. According to statistics, customers believe that the party may lose a whopping 201 seats or more at the next general election. While Betfair customers wouldn’t be necessarily right, they have previously correctly predicted certain […]
Legal
April 27, 2023
Betfair Fined for Accepting Illegal Bets in Sweden
Betfair has gotten itself in trouble in Sweden where it has offered markets on events featuring young players. Because of that, the operator received a warning and was forced to pay a fee. The Spelinspektionen, Sweden’s gambling regulator, announced its decision today. It explained that Betfair, a sports betting operator, offered markets for the U21 […]
Business
January 11, 2021
Betfair Exhange Became Less Compelling to Bettors in Italy
Sports betting exchange leader in Italy Betfair Exchange expressed concerns its flagship product lost much of its competitiveness and appeal following the controversial turnover tax imposed by the government last summer. Unsustainable Turnover Tax As part of the “Revival Decree” the Italian government imposed a 0.5% turnover tax across retail, digital and virtual sports wagering, […]
