Hi,
Has anyone heard of Solomon Markets, they are currently in beta testing. You can sign up for early access. Most importantly they are claiming to be a 0% commission exchange.
I believe they only have markets on football at the moment but plan to include more (Cricket ,Tennis, Horseracing, etc) in the future
Does anyone have any hopes for this exchange ?
Cheers,
Frankie
Solomon Markets - 0% Commission Exchange
- Realrocknrolla
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- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
All companies do it if they've got any sense but the overnight libor is only about 0.038% so you need a ton of money on deposit to make anything. And they'll be getting a lot less than libor because they're not a bank. I'm not sure this business model passes the sniff test.
Last edited by ShaunWhite on Thu Feb 18, 2021 1:46 pm, edited 1 time in total.
- ShaunWhite
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Not being "weighed down" by employees doesn't give you much confidence in their support and ongoing dev/maintenance.
No such thing as a free lunch.
No such thing as a free lunch.
Yes. That does ring alarm bells, I must admitShaunWhite wrote: ↑Thu Feb 18, 2021 1:42 pmNot being "weighed down" by employees doesn't give you much confidence in their support and ongoing dev/maintenance.
No such thing as a free lunch.
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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
- 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.
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.