P2P online betting

Filed in archive Venture Capital on September 16, 2003

Mario has brought the P2P online betting market to my attention. He gives more inside about business figures for the biggest provider of these kinds of online betting betfair.com based in UK.
P2P online betting is once again a perfect model for bringing down transaction costs via the Internet. Several smaller online betting sites have sprung up in recent months. An interesting German online betting start up is mybet in Malta, formed by one of the founders of meome.de. Holtzbrinck Networx funded the online betting exchange last year with an undisclosed amount.