By SectorWire desk ·
Matchbook acquired rival betting exchange Betdaq. Enda Kendrick said on-course bookmakers were the deal’s main motivation and Matchbook’s market makers would benefit most.
The acquisition may affect liquidity and competition in the UK betting exchange market.
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The acquisition brings Betdaq and Matchbook together in exchange betting.
The acquisition brings two betting exchanges under one owner, while Betdaq customers have until 21 October to manage open positions.
Six A2FBR brands now receive OKTO PAYMENTS’ Pix processing, while A2FBR has adopted its Internet Banking service for financial management.
Offshore betting partners face Entain's calls for clubs to reconsider sponsorships over UK licensing, player protection and money laundering concerns.
The appeal puts clubs’ sponsorship agreements with operators lacking UK licences under scrutiny as the government consults on their legality.
Entain faces additional tax pressure while seeking to gain share from competitors.