Alternative betting exchanges, Smarkets, Matchbook etc. : Bookie Exchange

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iambic_pentameter
Posts: 244
Joined: Wed May 18, 2016 1:24 pm

Fri Dec 15, 2017 12:39 pm

https://bookie.exchange/

Received an email from them yesterday to say that beta testing will begin in early 2018.

The site has a good FAQ section on it and worth a look.

Iambic

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Naffman
Posts: 2146
Joined: Sun Aug 11, 2013 5:46 am

Fri Dec 15, 2017 12:53 pm

"Bitcoin only" - just ruined it

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Kafkaesque
Posts: 171
Joined: Fri Oct 06, 2017 10:20 am

Fri Dec 15, 2017 1:01 pm

Naffman wrote:
Fri Dec 15, 2017 12:53 pm
"Bitcoin only" - just ruined it
My initial response as well. Just too volatile and prone to potentially being a bubble-currency for me to gamble with a lot of hard work to build a bankroll and potentially having it wiped out by things beyond your own control.

Anyone with an idea as to why they would forego non-digital currencies?

That being said, the more serious attempts to create a market beyond the current de facto monopoly, the better.

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Euler
Posts: 15334
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
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Fri Dec 15, 2017 1:29 pm

I've been speaking to these guys for a while. Will be interesting to see how things play out.

iambic_pentameter
Posts: 244
Joined: Wed May 18, 2016 1:24 pm

Fri Dec 15, 2017 1:35 pm

Interesting article on the racing post:

https://www.racingpost.com/news/technol ... rld/285183

Euler - great to hear that you are in contact with these guys.

Based on your experience using exchanges, do you think Bookie (or another player) could change everything?

My limited understanding is that if something like Bookie took off, even if the US chose to not legalise online gambling, it wouldn't matter as people could trade on Bookie?

Iambic

PBSA
Posts: 4
Joined: Wed Mar 28, 2018 11:11 am

Wed Apr 04, 2018 3:09 pm

Hello BetAngel forum!
Quick introduction: We are the Peerplays Blockchain Standards Association (PBSA). PBSA is building Bookie, a decentralized betting exchange. We've had the pleasure of chatting to Euler in the past, and thought it was high time we made ourselves available to the wider BetAngel community to answer any questions about Bookie.

Last week we flagged the upcoming Bookie Public Beta with a new splashpage: bookiebeta.com.

We also hosted an AMA on last week that might be of interest:
https://www.reddit.com/r/OfficialBookie ... ns_ask_me/
(Thanks to iambic_pentameter for taking part in the AMA, and also for starting this thread)

Thanks
Toby Lynas, Head of Operations, PBSA

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ShaunWhite
Posts: 2438
Joined: Sat Sep 03, 2016 3:42 am

Wed Apr 04, 2018 4:10 pm

According to the RP article...
"regulation and local laws all become virtually irrelevant when weighed against a globe-girding, fully decentralised platform."

Who's going to abritrate disputes or provide other legal protections? And by decentralized, do you mean that you won't be holding people's money to cover their liability?

The 2 questions go hand in hand.

Futher from the article.
gamblers around the world will have the option to bet using an unregulated, ungovernable and supranational betting exchange that pays no tax or levy, is answerable to no government and is all but immune to attempts to control it.

Some will find that exciting, some will find that morally questionable.

Personally I wouldn't deal with a business who didn't contribute to the tax pool from which they benefit in whatever jurisdiction that happened to be. I assume if the office catches fire you hope a fire engine would turn up? But I'm sure you'll find lots of customers who aren't so bothered by that, until of course their house catches fire and the fire engines don't to turn up.

This is already bad enough->
"Bookmakers and casinos have avoided paying around £1bn in UK tax on bets placed by British people by routing them through subsidiaries based in overseas tax havens.........more than the highly publicised recent cases of tax avoidance by Starbucks and Amazon."

spreadbetting
Posts: 1257
Joined: Sun Jan 31, 2010 8:06 pm

Wed Apr 04, 2018 5:09 pm

I'm sure you do the noble thing and voluntarily pay tax from your trading profits too , Shaun.

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ShaunWhite
Posts: 2438
Joined: Sat Sep 03, 2016 3:42 am

Wed Apr 04, 2018 5:17 pm

spreadbetting wrote:
Wed Apr 04, 2018 5:09 pm
I'm sure you do the noble thing and voluntarily pay tax from your trading profits too , Shaun.
Last edited by ShaunWhite on Wed Apr 04, 2018 9:28 pm, edited 1 time in total.

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ShaunWhite
Posts: 2438
Joined: Sat Sep 03, 2016 3:42 am

Wed Apr 04, 2018 5:23 pm

Just a bit fed up with 'paying no tax' being oh so clever and then having to watch Sports Relief on the telly because we can't afford to properly look after a poor little kid with cancer. And somewhere like GOSH needs charity! ffs.

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