New Betfair price charts

[Euler]

Probably a little less than 150m given that revenue is down from 2022. The concern is that they only made about 5mill. That's less than some of their customers and chicken feed in the Flutter empire.

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What report are you viewing there?

[ShaunWhite]

What report are you viewing there?

Companies House, last full accounts.

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[Euler]

What report are you viewing there?

Companies House, last full accounts.
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I realise from where, but I wasn't sure which specific company it was. There have loads in the umbrella structure.

[ShaunWhite]

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[Euler]

They originally formed under the name The Sporting Exchange and they operate under TSE in Malta and other accounts. It's a patchwork of interests, that is difficult to unravel.

[Anbell]

having data that is time based rather than price change based is a huge win for me. It's also very useful to have the in-play time-stamp shown. Shame the data still disappears on market closure.

I use this for having time on the x
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[Leb]

Probably a little less than 150m given that revenue is down from 2022. The concern is that they only made about 5mill. That's less than some of their customers and chicken feed in the Flutter empire.

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Sounds like a real risk they wont survive the next recession, all their tech would probably be gobbled up by Coates...?

Betfair really seems to be speedrunning the “how to kill your own product” challenge.
Step 1: Introduce a predatory Premium Charge.
Step 2: Exit most of Europe.
Step 3: Watch liquidity evaporate.
Step 4: Pretend like it’s business as usual.

To me it looks like they’ve been slowly circling the drain for years. One market after another disappears, and now it’s basically a ghost town outside of a few licensed jurisdictions. Wouldn’t be shocked if by 2028 they're only live in 1–2 places—and by 2030, either sold off or gone completely.

Meanwhile, black market exchanges are thriving. More volume, better prices, sharper action, fewer restrictions. Betfair these days is mostly just hobby punters and courtsiders—people no one else wants.

People love to complain about the Premium Charge (and fair enough), but the real killer was abandoning Europe. That move absolutely nuked the liquidity and pushed away any serious money. It was a masterclass in how to kill your own product.

[ShaunWhite]

Meanwhile, black market exchanges are thriving. More volume, better prices, sharper action, fewer restrictions. Betfair these days is mostly just hobby punters and courtsiders—people no one else wants.

People love to complain about the Premium Charge (and fair enough), but the real killer was abandoning Europe. That move absolutely nuked the liquidity and pushed away any serious money. It was a masterclass in how to kill your own product.

It's the local regulators rather than Betfair that's responsible for the majority of the regional closures. New Zealand being a prime example, Betair lobbied hard to stay in the region but their government wouldn't budge.