OPEN-SOURCE PREDICTION EXCHANGE: How Smarkets is going to eat BetFairs lunch -well, they hope.

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TechCrunch UK

There’s an interesting twist – they plan to offer an open API for people to develop their own betting applications and use the Smarkets infrastructure. Their idea is this: users don’t need knowledge of odds or experience. It’s more about speed and entertainment than sports.

Smart idea, but how will this crack the chicken-and-egg problem that every prediction exchange (betting exchange) has at inception? How will this help fighting BetFair&#8217-s network effect? What makes you think that BetFair and TradeSports don&#8217-t offer &#8220-speed and entertainment&#8221-? Do people really want to trade sports or &#8220-develop their own betting applications&#8221-? What would prevent BetFair and TradeSports to do the same?

Anyway, best wishes to UK-based Yankees Jason Trost and Hunter Morris. :-D

Smarkets

Smarkets – Their web framework. – PDF file

Smarkets – Open-source software they use.

Smarkets – Press release

2 thoughts on “OPEN-SOURCE PREDICTION EXCHANGE: How Smarkets is going to eat BetFairs lunch -well, they hope.

  1. tom said:

    Look forward to doing lunch at Nando’s again in the near future. It’s clearly the epi-center for gaming startups in London :-).

  2. tom said:

    Look forward to doing lunch at Nando’s again in the near future. It’s clearly the epi-center for gaming startups in London :-).

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