× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 14 July 2017
Smarkets enjoys third consecutive year of profitable growth
By Caroline Watson
Betting exchange provider Smarkets released its annual report for 2016 posting an impressive year-on-year increase in group business profit of 160% for the year ending 31 December, 2016.

The figures for 2016 represent a third consecutive year of profitable growth for Smarkets, which saw group revenue climb 144% to £25.4m (£10.4m in 2015) and overall business profit jump 160% to £13.7m (£5.2m in 2015).

There was more than £2.6 billion of trading volume on the Smarkets exchange in 2016 (up 141%), as the company’s near-200,000 users traded popular sporting events like the Cheltenham Festival and Euro 2016, as well as political outcomes such as the EU referendum and US presidential election.

Smarkets CEO Jason Trost said: “Our mission is clear; we are striving to establish ourselves as a top-tier technology company. I strongly believe that the results of the past two years show the positive trajectory of the business, demonstrate our significant growth opportunities and confirm our ability to challenge an industry ripe for disruption.

“We will continue to further develop our product to deliver a unique and fair trading experience by offering superior technology and industry-leading commission rates and will explore moving into new regulated markets to increase our customer base.”
IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age