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BuddyBet online betting exchange
Thursday September 13, 2012 : BUDDYBET LEVERAGES SOCIALISING AND FUN TO COMPETE AS A BETTING EXCHANGE
An American in Prague talks about how his company is different
US entrepreneur and long-time Prague resident Jarrod Epps discussed his newly launched Eastern European-based online betting exchange, BuddyBet, this week with the Prague Post, explaining why the startup differs from potential competitors.
"We believe other websites are missing the point for a lot of people," Epps said. "People don't go to Vegas and play blackjack all night because they're concerned about the odds. They do it because it's social. You sit at the table, you have a lot of fun, and it's not that confusing. Those are the people we want."
Epps says his operation, which takes a small cut on bets placed, leverages a player need for a more social betting environment, providing an opportunity for punters to bet against each other on a wide range of outcomes.
Launched at the end of August, BuddyBet primarily targets the United Kingdom and Ireland, but has ambitions to extend its activities to other countries where online gambling and betting exchanges are permitted.
The enterprise has applied for an Isle of Man licence and hopes to go to full-cash betting by the end of this year.
To promote a sense of community, BuddyBet allows players to bet against each other, including prop bets, and post vids, photographs and text messages. Bets can be real-money or through virtual BuddyBucks, which players can earn on the site - a common practice in social gaming, along with winning prizes.
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EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
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It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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