Matchbook Acquires Rival Betting Exchange Betdaq to Boost Liquidity
By The Weekly Edge desk ·
Summary
Matchbook has finished buying fellow betting exchange Betdaq, bringing together two long-established exchange brands. Terms were not disclosed. Betdaq's trading will end on October 21, with withdrawals possible from accounts until November 4, as Matchbook aims to pool liquidity for better prices.
Why it matters
Operators can pool liquidity across both exchanges to pursue better prices, while Betdaq account holders have until November 4 to withdraw.