Desmond Buys Betdaq Back

Entain PLC, the owner of powerhouse UK betting brands, including Ladbrokes and Coral, has now ditched its betting exchange Betdaq, which it sold back to Dermot Desmond last week.

A brief history of Betdaq

In 2000, Irish businessman Dermot Desmond founded the Global Betting Exchange (GBE) with a vision to create a platform where punters could bet against each other. From GBE, the sports betting exchange Betdaq was launched in 2001.

A few sponsorship deals, including one with Celtic FC and another with Kempton Park Racecourse, saw Betdaq firmly establish itself as the second-largest online betting exchange behind Betfair by 2013, albeit with only a 7% market share.

Continue reading Desmond Buys Betdaq Back at Sports Betting Operator.