United Kingdom · Financial services startup

Smarkets

Smarkets is a London-based sports betting and technology company founded in 2008.

Funding reportedLast round: Series B

Financial servicesLondon, United Kingdom

About Smarkets

Smarkets is a London-based sports betting and technology company founded in 2008.

It operates one of the largest regulated peer-to-peer betting exchanges and prediction market platforms in the world. The company processes billions of pounds in traded volume annually and is licensed by the UK Gambling Commission and the Malta Gaming Authority. Smarkets has expanded into the U.S. market, applying for licenses to enter American prediction markets. The company offers two main products: the Smarkets Exchange, a platform where users can set their own odds and bet against other traders, and SBK, a mobile-only sportsbook app that provides competitive odds drawn from the Smarkets exchange. Smarkets serves individual bettors and traders, primarily in the UK, and has over 1 million customers globally. The company is known for its focus on transparency, advanced technology, and partnerships with major brands in the sports sector.

What company datasets say Smarkets raised

Funding, as reported

Reported in all3.7Min the source's currency
Rounds6
Last roundSeries B
Last round dateJun 2021
Investors listed7

Funding filed with regulators

Smarkets filed one raise, $10M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. May 2021$10MUK share allotment

Founders and team

From Smarkets's own website: 8 on the team.

  • William ChambersCOO
  • Eli AbramovitchVP of Engineering
  • Ryan CaruanaHead of International Markets
  • Sarah HilalHead of People Performance
  • Stephen LyonVP of Finance
  • Adam BaylisDirector of Marketing
  • Andrei CraciunoiuDirector of Product
  • Greg Le GuyaderDirector of Trading

The company, in detail

What they build

Known for

gamblinginformation technology & servicesfinancial servicesinformation technologypolitical bettingpeertopeervicesports bettingfintechexchange platformmarketplacestravel & tourismfinancial exchangestradingexchangeleisure

Built with from their website

DockerGoogle Tag ManagerAmazon CloudFrontdbtAWS Trusted AdvisorAtlassianReact NativePWAGoogle CloudGoogle Ads

+8 more

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Sector
Financial services
Industry code
NAICS 713210, SIC 7999
Region
England
Revenue
31M a year, as listed
Full record
Every detail in the company directory

Financial services in United Kingdom

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