Sports betting

US entrepreneurs debut “industry first” cash-out exchange in UK

The ‘Prophet’ concept is backed by US venture capital firms and Adidas founder Adi Dassler

Start-up tech firm Prophet has launched what it claims is the industry’s first cash-out marketplace, where punters can buy and sell bets. Users can head to the site having placed a bet elsewhere and input bet details, with Prophet spitting out a market value for the seller and potential buyers. Cash-outs are charged at 3%…

Cash-out | Sports betting