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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 […]
Business
January 18, 2024
Betfair Promotes Rich Hayward to Managing Director Role
Betfair, the world’s biggest online betting exchange that is also a part of Flutter Entertainment, strengthened its team with a senior-level promotion. Rich Hayward, an experienced executive with the company announced he was elevated to the role of managing director at Betfair for Flutter UK & Ireland. Announced Wednesday, the senior-level promotion marks the latest […]
Business
November 10, 2023
Gaming Corps Injects Games into Betfair Casino in LATAM
Gaming Corps, a global developer of gaming content, has formed a major new partnership with Betfair Casino. Under the agreement, the former company will inject content into the operator’s portfolio, allowing it to engage more customers. According to the announcement, the partnership between the two companies will have an initial focus on the Latin American […]
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
July 11, 2023
Betfair Faces Enforcement Action for AML Violations in Denmark
Betfair International Plc, a subsidiary of Flutter Entertainment, has been hit with three enforcement orders and a reprimand by the Danish Gambling Authority, Spillemyndigheden, for breaching Denmark’s Anti-Money Laundering (AML) Act. Betfair Faces Regulatory Action for AML Act Violations in Three Key Areas The regulatory authority found that Betfair had failed to meet the requirements […]
Industry
June 16, 2023
Betfair Says Protection Systems Failed a Gambling Addict Who Took His Life
40-year-old Luke Ashton, a father of two, took his own life in April 2021 while fighting his severe gambling addiction which had caused him to lose £5,000 ($6,400) during just one month. One of the gaming operators that Asthon had frequently used since 2012, Betfair, has now admitted that its protection systems have failed to […]
Business
June 7, 2023
Stakelogic Concludes Milestone Deal with Industry Giant Paddy Power Betfair
A recent announcement by Stakelogic outlined the partnership details, which marks a significant milestone for both companies. The supplier’s ever-growing collection of popular titles will be instrumental for Betfair as the operator seeks to regain its footing in the UK amidst recent controversies. Stakelogic, in turn, maintains its expansionist mindset, solidifying its prime market position. […]
Legal
May 25, 2023
UKGC Fines Paddy Power and Betfair $600K over Marketing Breaches
UK’s gambling regulator, the Gambling Commission, constantly monitors the market in the country to ensure that licensees adhere to the established framework and that consumers are protected. In case any breaches are uncovered, the gambling regulator imposes sanctions which can be monetary or in severe cases, suspends or revokes licenses. On Thursday, the Commission unveiled […]
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 […]
Sports
January 30, 2023
Betfair to Feature via Cruzeiro’s Front of Shirt for Two Years
Flutter Entertainment’s sports betting exchange, Betfair, and Cruzeiro EC announced a two-year sponsorship to mark the return of the soccer club to Serie A of the Brazilian Championship. Commitment to the Club and Its Fans The agreement with the Brazilian soccer club made Betfair the main shirt sponsor of the men’s team and sponsor of […]