Pred

Gubbing is the informal term for a bookmaker cutting off a customer it no longer wants. The account usually stays open. What changes is the maximum stake, which can fall to a few pence, or the range of markets still available to bet into. Operators have never published their restriction

TL;DR: Bookmakers do not set odds to balance the money on each side. Research on 19,770 wagers found that in the median game, around two thirds of the money landed on one side, and the operator left it there on purpose. The price is chosen to attract the

TL;DR: A betting exchange and a sports prediction exchange run on the same core idea. You trade against other people rather than a bookmaker, and the platform earns a commission instead of building a margin into the price. If you have used Betfair or Smarkets, you already understand most

TL;DR: A sports prediction exchange is a marketplace where traders buy and sell contracts on sports outcomes directly with each other, through a shared order book, instead of placing a wager against a bookmaker. Each contract is priced between one cent and 99 cents, its implied probability, and pays

Live sports trading is two speed problems, not one. The first is execution: matching a trade and updating every screen inside 200 milliseconds. The second is resolution: settling the market within minutes of the result, not the hours a general prediction exchange takes. Most products are built for neither. A

The 2024 election did something unusual: it made prediction markets cool. For years, these platforms existed on the fringes, interesting to a small crowd of quants and crypto-natives, largely ignored by everyone else. Then Polymarket happened. Suddenly, prediction markets weren't just an academic curiosity. They were on