Smarkets Stock
Smarkets simplifies peer-to-peer trading on sporting and political events.
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About Smarkets Stock
Smarkets is Python and Erlang technology company based in central London. Determined to disrupt one of the oldest industries in the world, the organisation is rethinking the method and model of the betting business. Smarkets proprietary betting exchange, also known as a prediction market, offers significantly better odds than the competition. Traditional sports betting provides unfair margins for bettors, inflating margins by up to 15%. Smarkets offer the industry's lowest margin of between 1-2% in total commission on trades. Smarkets is now one of the largest exchanges in the world, powering billions of pounds (£) in trades every year for over 200,000 customers. At its core, Smarkets is comprised of some of the finest financial and adtech engineers, researchers, scientists, PhDs and marketers. The company embraces a culture of "self-management," a corporate governance model that it credits with helping develop the company into one of the most profitable per capita in Europe.
Funding History
May 2008 | $200K |
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April 2009 | $210K |
January 2010 | $0 |
May 2011 | $1.0M |
February 2013 | $2.3M |
Management
CEO & Founder
Jason Trost
Press
TechCrunch - May, 19 2015
With Betfair's pending IPO, Smarkets sees £1m traded on its social 'betting exchange'TechCrunch - May, 19 2015
Smarkets raises second round for launch of social betting serviceTechCrunch - May, 19 2015
@GeeknRolla: Advice for budding start-ups: funding, staffing and getting noticedTechCrunch - May, 19 2015
Smarkets raises a $1 million funding round led by Passion CapitalTechCrunch - May, 19 2015
Passion Capital emerges from White Bear Yard with $60 million fund to seed startupsTechCrunch - May, 12 2015
Smarkets raises £100k seed round for 'simple' gambling startupTechCrunch - Jul, 7 2014
Betable secures $3 million to become the Twitter for betting | TechCrunchTechCrunch - Feb, 21 2013
Deutsche Telekom’s T-Venture Takes A Punt On P2P Betting Exchange Smarkets, Leads $2.3M Funding RoundTechCrunch - May, 3 2012
One Year On, Passion Capital Proves Its Mettle As A Go-To Seed VC In EuropeTechCrunch - Feb, 26 2010
Smarkets launches its social assault on the betting world | TechCrunchEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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