Solomon Markets - 0% Commission Exchange

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rik
Posts: 1583
Joined: Sat Jan 25, 2014 5:16 am
Location: London

needs someone with a lot of money thats able to run on a loss for a while in order to get momentum going, not save on personnel etc
Trader Pat
Posts: 4327
Joined: Tue Oct 25, 2016 12:50 pm

I'll let somebody else deposit their money and more importantly try to withdraw any potential profits before I'd make any kind of decision on it
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Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I bumped into these guys at some point last year I think. Looks quite speculative and very early doors.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Quite interesting that they're Americans this time.

I've asked them for details about their API. Unless they expect people to sit and type numbers in like it's 1990, then they're going to have to provide one. And presumably subsidise anyone investing in making their systems compatible? It's an exchange by name but looks like it's aimed at amateur punters rather than professionals.
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LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

I notice their Twitter account was opened in Feb 2018

They have clearly been around for a while
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

LeTiss wrote:
Thu Feb 18, 2021 3:00 pm
I notice their Twitter account was opened in Feb 2018

They have clearly been around for a while
This is one of the two guys, Jay Prasad......woooo 18 grand eh.....sorry, OVER 18 grand.
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LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

:lol:
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

It's a fine line between being all modern and kooky and being w&nkers. :roll:
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Vladimir CC
Posts: 88
Joined: Wed Jan 22, 2020 1:13 pm

why that name though? sounds like a local market. if i ll ever open a sports exchange i'm gonna name it main event exchange :idea:
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Trader724
Posts: 559
Joined: Fri Dec 27, 2019 11:22 pm

Image
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

fyi no reply yet to the message I sent them last Thursday. :roll:

I'd asked about their plans to prove access via an api, afterall it's not 1980 and nobody serious is going to be entering 000s of bets a day on a website.

One chance to make a first impression eh.
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napshnap
Posts: 1189
Joined: Thu Jan 12, 2017 6:21 am

Why does their logo looks like ukrainian national emblem?
MAGTRADEUK
Posts: 144
Joined: Sun May 10, 2020 12:55 pm

hmm someone already said, with rates the way they are how do they make money on deposits, also if its all on deposit somewhere else how do we know our money is safe? What guarantees do you have? I certainly would not leave large somes on deposit with any platform, prefer to put it into my bank account and then deposit what I need to trade/bet with.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Wouldn't touch them with a barge pole.

Contacted support on 13th Feb to make a general enquiry, got a 'humourous' auto-reply. Then nothing.
These half-baked startups never have any intention to do anything, they just jump from idea to idea living on a wage paid with mug investors money.
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