Betfair was founded in 2000 when professional gambler Andrew Black and City trader Edward Wray joined forces to pioneer the betting exchange. Betfair’s Exchange, which enables customers to bet against each other rather than a bookmaker, took the industry by storm and quickly assumed a market leading position in the UK and abroad.
Today, in addition to its betting exchange, Betfair runs a full suite of online Sports betting and Gaming products, including a Sportsbook which provides a more accessible product for recreational customers. Betfair’s innovative heritage remains and we have continued to break new ground with recent product innovations including ‘Cash Out’, ‘Price Rush’ and ‘Acca Edge’.