Betfair
Betfair is a British online gambling company founded in 2000 by Andrew Black and Edward Wray. It operates a betting exchange, a platform where customers place bets against each other rather than with a traditional bookmaker. Bets are matched by other users through Betfair’s liquidity pool, and the company charges a commission on net winnings. The exchange supports back and lay bets across a wide range of sports and events and offers features such as in-play betting and cash-out.
Beyond the exchange, Betfair runs a sportsbook and a portfolio of gaming products, including casino and poker
Betfair markets are available in multiple jurisdictions, with a strong presence in the United Kingdom and Ireland.
Ownership and corporate structure have evolved in the 2010s and beyond. Betfair is currently part of Flutter
Betfair remains one of the largest online betting platforms by market liquidity, offering a widely used exchange