fromLondon Business News | Londonlovesbusiness.com
23 hours agoPrediction markets gain momentum as Matchbook expands into the UK - London Business News | Londonlovesbusiness.com
The concept is familiar to anyone who has watched the surge of US "event contracts" over the last year, contracts priced like probabilities rather than traditional odds. What is new is the attempt to package that format within the UK's established gambling framework, and to do so within a business that already uses exchange-style pricing. The timing also lands amid a tightening tax backdrop for remote gambling and a regulatory debate in the US about where trading ends and wagering begins.
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