is well known successful company Betfair , where its founders, Andrew Black and Edward Wray, traders left their jobs at the end of 90 to embark on a mega project that would beyond traditional gambling and betting, and that certainly has revolutionized the betting market.
His experience and know-how of the markets and the stock was transferred as a concept for the creation of that today is the largest betting exchange platform in the world. His platform based on P2P technology offers bettors a tool to "create their quotas," which simply Betfair charges a fee for this service, unlike traditional bookmakers, where quotas are set by the operator.
are one of the few companies that punto.com survived the crash of Nasdaq in early 2000. Currently has about income of about $ 550 million annually and with a market capitalization of over $ 2.2 billion after its recent IPO.
There have been many discrepancies on this system, but what is clear is that it works, and that certainly is a model that is growing like wildfire. In addition, Betfair, given its origins in the stock market, is growing every day in service "betting", which recently launched LMAX, which uses the same technology as the financial transactions. As data, we say that there are far more operations or bets (about 5 million transactions approx) with Betfair platform technology and that all European exchanges whole, where 99.9% were performed within a second.
Betfair CEO David Yu , was recently in the Web 2.0 conference Silicon Valley, where had the opportunity to hear some of the plans and strategies of this giant "gaming integral"
Highlights, Yu commented on the progress in the U.S. Horseracing, Betfair acquired since last year's biggest company and legal betting on horse racing, TVG by $ 50 million. It was a strategic purchase to enter the American market, starting Horseracing and be positioned when regulating other markets and regions, such as the California case last September legalized gambling on horse online through a licensed operator.
Furthermore, Betfair's CEO spoke of the big four gambling markets: USA, China, Japan and India, where large legislative Restrictions to operate, but where U.S. is seen as slowly being opened. Comment
also Betfair is one of the gambling companies that are most committed to technology and multicanaliad as way of doing business, and that is why is a pioneer in having a unique app to place both in iPhone and iPad ( betting app.) Interestingly, these apps have been created in Silicon Valley by engineers working for U.S. .. give yourself Betfair
short, we say that the strategy "Betfair is a clear example of how everything converges " , where not only looks like the industries such as financial joins the bets, since the end of the gambling and stock market are in cocept the same: a risk, but this convergence will also include a multichannel that is already beyond doubt (mobile, TV, internet, etc)
In conclusion, we can do this in several ways but I prefer to stay with this thought:
The gaming and porn are the two most powerful industries and pioneer of the network, where in addition to converge on a single called "Adult Entertainment" are certainly some industries extremely advanced technologically, since among other things, their business models are not based simply on advertising, but to provide some services for which people are willing to pay.
are industries where the money is real and not just bubbles, where each day there are more talented people coming from other industries such as marketing or means of payment.
For all this I think that a proper and sensible regulation of gambling in Spain would not only generate benefits to the coffers of a country or government needed, but they also generate many jobs, not just in gambling, but also contribute to other areas of ecommerce growth, thanks to the know-how that the gaming industry has on critical issues the growth of electronic commerce such as security and management of payment means in the network, both for operators and users ...
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