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Betting Exchanges Keep Growing

1 Sep 2004

UNITED KINGDOM – As reported by the Scotsman: "Internet betting exchanges allowing punters to back losers have transformed the conventions of traditional gambling.

"…There have been fears that it could allow unscrupulous sporting insiders potentially to benefit from defeat.

"But internet bookies say they have done much to increase the transparency of their activities.

"…The growth of firms such as Betfair and Betdaq has been enormous over the past couple of years with some reports suggesting Betfair alone attracts around £50 million of business a year…"

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