Gambling.co.uk: Gambling News Archive

Betting Exchanges - The eBay of the Betting Industry

Research and Markets Announce Release of Latest Betting Exchanges Report

Thursday 24th March 2005

According to the latest report from Research and Markets, person-to-person betting exchanges are set to revolutionize the betting industry and change it forever.

It is estimated that the total annual volume of bets matched by betting exchanges in Europe will grow from USD 16 billion today to USD 159 billion by 2008, a CAGR of 79%.

The report provides a summary of the characteristics of betting exchanges as well as a business model offering an estimation of commission revenue and profit. With an overview of the biggest players in the market and a comprehensive discussion of regulatory and taxation issues, the report presents betting exchanges as an exciting area for almost unlimited growth.

Using the online sports betting exchanges Betfair and MyBet.com as case studies, the report concludes with recommendations for Traditional Bookmakers, Media and Entertainment Companies, Betting Exchanges and Regulation and Taxation Authorities.




Source: OnlineCasinoNews