Matchbook Acquires Rival Betting Exchange Betdaq

Matchbook has acquired fellow betting exchange Betdaq for an undisclosed sum, consolidating two established peer-to-peer betting platforms as the company expands its presence in prediction markets. Announced on October 14, the deal aims to combine both exchanges’ liquidity, allowing customers to access more competitive prices and place larger bets at available odds. The transaction is also understood to include Racecourse Data Technologies, which supplies technical equipment and betting software to racecourse bookmakers.