Matchbook to launch UK Prediction Markets

(PRESS RELEASE) -- Matchbook, a recognized player in the sports betting exchange sector, is set to launch its prediction market in January 2026, as reported by Bloomberg.

Ronan McDonagh, the interim CEO of the company, indicated that Matchbook intends to conduct a preliminary testing of its technology in the U.K. prior to its anticipated expansion into the US market slated for March.

Operating as a betting exchange, Matchbook facilitates the matching of buyers and sellers, in contrast to traditional sportsbooks that take the opposite side of customer bets. In this setup, customers bet against one another, while the platform takes a nominal fee for the transaction—often resulting in a lower vig compared to standard sportsbooks.

As a betting exchange, Matchbook is entering the prediction market arena. Instead of presenting contracts in traditional fractional odds, the platform will offer outcomes expressed as probabilities, indicating the likelihood of a “yes” or “no” result. “It’s not new in the sense that it works on the same engine as an exchange,”

McDonagh stated in his remarks to Bloomberg. “It should be more understandable, so I think we’re hopeful that it captures a new audience or intrigues people to take a closer look.”

Matchbook, operating under Triplebet Ltd. and registered in Guernsey, has built a 20-year legacy in the sports exchange domain. It is currently majority-owned by Zeljko Ranogajec, a notable professional gambler with Australian origins.