TradeFair’s David Jack = the $20 million man
Chris F. Masse December 9th, 2007
Hidden this morning deep into The Sunday Times:
Betfair, the online sports-betting firm, has invested £10m to launch Tradefair, a new subsidiary company specialising in bets on the financial markets. It believes that the market for financial betting could exceed £400m. [*] Tradefair will operate independently of its parent. [**]
£10 million = $20.3 million = €13.9 million — [Thanks to David Pennock's Yahoo! Currency Converter. 
]
[*] BetFair and TradeFair traders share the same BetFair account, as I understand it.
[**] I suppose (based on BetFair’s share of the UK betting market) that TradeFair wants 5% of that (for a start) —so that would be £20 million. — But we don’t know what that £400 million figure came from, in the first place. David Jack’s wet dreams? For the UK market only (in an increasingly global environment for exchanges)? For what year exactly? 2008? 2026? Mystery. Of course, no source is cited.
Previously: Binaries and Spreads: BetFair spins off TradeFair. + Meet David Jack, the managing director of TradeFair. + TradeFair Binaries User Guide - What is Trading? + BetFair’s Global Warming Prediction Markets — CFM’s Views + Why does Tradefair care about Prediction Markets - by TradeFair’s David “$20 million” Jack - 2007-12-06
- Analysis (Industry) , Betting , Business , Exchanges & Markets , Finance
- Comments(3)
“Tradefair will operate independently of its parent.”
I take it that we will not be seeing you calling the company Betfair-Tradefair again!
I will continue calling them “BetFair-TradeFair”. I’m not a press release sucker.
[...] 2008 It is official: TradeFair Binaries, launched less than one year ago, has been a disaster of nuclear proportions, and so The Sporting Exchange have ditched it, and replaced it with “TradeFair Hi Lo“ [...]