1% Commission to Celebrate Our First Birthday
September 6, 2010
“We will give the betting industry a real run for their (your) money.” – Jason Trost
A year ago, Smarkets took its first online order for the Fulham vs. Everton fixture. Fulham pulled off an against-the-odds victory and now Smarkets is achieving a similar feat in the betting industry. The company has expanded from an early stage start-up to become one of the fastest growing and most exciting global online betting exchanges with markets covering football, tennis, golf, current affairs, politics and entertainment. Horse racing, cricket, rugby and many other markets are coming soon.
TODAY, TO CELEBRATE THEIR 1ST BIRTHDAY, SMARKETS IS LAUNCHING AN UNPRECEDENTED FLAT 1% COMMISSION RATE TO ANYONE WHO DEPOSITS £100 OR MORE.
At an event at their offices in White Bear Yard – the London hub for start-up enterprises – Jason Trost, CEO and Co-Founder of Smarkets said:
“I am proud with the growth Smarkets has demonstrated in its first year. It has exceeded all expectations. We are delivering an exchange using revolutionary trading technology coupled with market features that punters have been demanding for years. If our current user base is anything to go by, we will be the first company in ten years to give the betting industry a real run for their (your) money. While we have immense respect for the original betting exchanges and the way in which they pioneered peer-to-peer betting over a decade ago, customers are demanding a new and innovative way to bet online. We intend to deliver on this.”
Hunter Morris, Chief Technology Officer and Co-Founder added:
“We have spent a lot of time with disgruntled punters who have been searching for another trading platform that offers them reliable peer-to-peer betting with quick order executions. Smarkets understands what is required from a sophisticated financial exchange and we have sparked widespread excitement among customers who are cheering on our latest developments.”
Key milestones achieved in the past year include:
- Established as the only online betting exchange to allow instant in-play betting.
- Month-on-month double digit growth in the amount traded.
- The freedom for punters to bet using their own odds format.
- Social features including leaderboards and live commentary during in-play markets.
- Users can trade in and out of markets more easily by seeing their current cash positions.
