Neither Dallas nor Megarain, when he posed the question, took into consideration imminent nuclear war.Emmson wrote: ↑Mon May 02, 2022 6:54 pmDallas
viewtopic.php?f=2&t=19134&p=192519&hili ... es#p192519
Exchanges will always be around now, bookie's realised they couldn't beat them and that they were going to go away so done the next best thing and bought them.
Now they've gathered them in their arms and have control they aren't going to market them or push them but they can cut them off at the knees and stop them growing.
If they decided to close them and force people to their SB the idea of them is out there now and another will pop up and take its place very quickly. So now there in the control of bookies, it's in their interests to keep them running all be it hidden from sight from the average joe
But even he's made his own exchange now so its not to well hidden
As for legislation to ban them that won't happen either, online bookies based oversea's sprung up so punters didn't have to pay tax on winnings which crippled the UK high st bookies who couldn't compete, the Labour Government had to then abolish the betting tax or risk the whole high st betting industry going under.
So any attempts to ban or even heavily tax it would just see it get move offshore and users will quickly find a way to still access it
Will Betfair still be the dominant exchange Dec 31, 2027
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Revenue looked healthy enough last year but profits weren't great.Realrocknrolla wrote: ↑Mon May 02, 2022 8:31 pmYes, the government will more than likely be the culprit if the Exchange was to end.Trader Pat wrote: ↑Mon May 02, 2022 6:50 pmI wouldn't bet against them existing, but Betfair just don't seem interested in the exchange anymore. It doesn't bode well when the worlds 2nd biggest gambling company pushes the sportsbook more than the exchange. What started out as revolutionary is now an afterthought.
Then there are the unknowns like government regs and affordability checks. Who knows what effect they'll have going forward?
I am sure there is a figure floating about…. Anyone know what the exchange makes in revenue per day/week/month/year. ?
https://companiesmarketcap.com/flutter- ... t/revenue/
Bear in mind the above includes Stars Group as well. More detailed breakdown here:
https://igamingbusiness.com/flutter-rev ... headwinds/
I think the exchange revenues were in the annual report.