Smarkets revenues up triple digits as trading volumes soar

Exchange operator sees £2.6bn traded on its proprietary platform in 2016

Smarkets has posted a 144% year-on-year jump in revenues for 2016 thanks to record volumes traded on its exchange platform. Full year revenues hit £25.4m, with business profit of £13.7m, itself a 160% jump over 2015. More than £2.6bn was traded on the Smarkets exchange in the year, more than was traded in its first…

Betting exchange | Finance | Jason Trost | Smarkets