Matchbook prepares UK prediction-market launch while awaiting US licence
Matchbook is preparing to launch a prediction-market product in the UK in the coming weeks, under gambling regulation. Chief executive Ronan McDonagh said the company had spent most of last year developing it and chose a UK launch while it waits for a US licence; the product is expected to restrict current-affairs markets more than US rivals.
The launch would bring binary event trading into the UK gambling framework, with tighter limits expected for current-affairs markets.