Let's hope somehing can be done in future. Betdaq perhap? however they're owned by Ladbrokes, not sure if they have interest in the States. Yet another example of the worst thing happening to exchanges was being bought by bookmakers.Euler wrote: ↑Tue Jul 06, 2021 6:51 pmI did a number of trips to the US including a few visits to Betfair's head office. But most of the time I spent evangelising to punters and speaking to various parties about exchanges.
There was a huge appetite for betting exchanges in the US amongst the public, but the system railed against them. Trying to get them legislated and approved by varying groups was really hard and ultimately the will and momentum weren't there at Betfair.
There was pretty big business on US sports for some time as it was legal in Canada. So anybody who wanted to bet could just set up over the border. But it all started to go wrong when Paddy Power took over. They had existing business in Canada so closed the exchange.
When the Stars group merger took place it was only a matter of time before the NJ exchange went.
The appetite is still there!
Declining Liquidity
-
MobiusGrey
- Posts: 294
- Joined: Fri Nov 23, 2018 8:10 pm
Think Peter said the other day that Betdaq have just been bought out and are going independent again. Or words to that effect. Definitely worth keeping an eye on.
It's been this way for a while but it's really sad to see the state of the Rugby League and Darts markets. Two markets that I traded for years and would typically get pretty good volume on a Thursday/Friday night. They now trade less total volume than they once would pre-inplay. Seems people gave up bothering soon after covid hit. Are there any sports which actually have a positive liquidity trend on the exchange apart from cricket?