By The Weekly Edge desk ·
Matchbook acquired rival betting exchange Betdaq, reported by EGR. Enda Kendrick said on-course bookmakers were the deal’s main motivation and Matchbook’s market makers would benefit most.
The acquisition may affect liquidity and competition in the UK betting exchange market.
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The acquisition brings two betting exchanges under one owner, while Betdaq customers have until 21 October to manage open positions.
Six A2FBR brands now receive OKTO PAYMENTS’ Pix processing, while A2FBR has adopted its Internet Banking service for financial management.
The settlement imposes a financial cost on Rank Group’s casino operations for anti-money laundering and player protection failures.
IG Group’s sports betting licence application follows its acquisition of US prediction market Underdog.
Prison sentences for running the unlicensed venue demonstrate enforcement involving police, gambling regulators, tax authorities and local licensing officials.
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