Smarkets raises £100k seed round for 'simple' gambling startup
The main competition is big: Betfair is worth $3billion and there are other betting exchanges
including intrade, tradesports, and betdaq. Then there are more entertainment and fantasy games competitors like hubdub and pikum.
Smarkets’ founders are computer science graduates Americans Jason Trost (27) and Hunter Morris (26), who joinin other American emigres who have launched gambling sites in Europe, most recently Sean Glass of Pikum. Alas, America – known the world over for possibly the bigest gambling centre in the world, Las Vegas – has yet to get over its rather one-eyed view of gambling nationally.