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Smarkets

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Smarkets
220px
Type
Private
IndustryBetting and gaming
Founded 📆2008
Founder 👔Jason Trost and Hunter Morris
Headquarters 🏙️London
Area served 🗺️
Members
Number of employees
100
Websitehttps://smarkets.com
address
telephone

Smarkets is a UK-based betting exchange company founded in 2008. It has offices in London, Los Angeles, and Malta.

A peer-to-peer platform, Smarkets offers betting markets on a variety of sports and various political markets. [1][2][3][4]

Smarkets operates a transparent salary policy whereby employees can view the salaries of all of their peers, including the company CEO, on an internal wiki page. The company also has a self-set salary policy, which allows employees to decide their own salary as often as every six months by entering into a peer-reviewed process at designated times during the year. [5][6][7][8]

Smarkets became Queens Park Rangers F.C.'s front-of-shirt sponsor in June 2016.[9] In January 2018, the company announced that it was partnering with The Jockey Club, sponsoring 35 race days in the 2018 calendar.[10]

Smarkets was named the City A.M. Leap 100 Company of the Year for 2017.[11] and came second in the 2017 Sunday Times Tech Track 100.

The company reported that it had taken £2.7bn of bets and profits of £13.7m in 2016.[12]

In 2016 the Company said it was considering a US stock market float.[13]

References[edit]

  1. Donata Huggins (2010-10-07). "The surest bet for business success". City AM. London. p. 30. Retrieved 2010-03-14.
  2. "Diary:Ken Backs out of Press gang". The Independent. 2011-01-28. Retrieved 2011-03-14.
  3. Hasan, Mehdi (21 February 2011). "Gove's reverse Midas touch- everything he touches turns to dust". New Statesman: 16. Retrieved 2011-03-14.
  4. Francesca Washtell (2016-10-10). "Donald fails to trump Hillary as Clinton storms ahead in betting polls". City AM. London. Retrieved 2016-10-19.
  5. "The London company allowing employees to decide your pay". BBC News. 2018-05-08.
  6. "Large firms to justify 'fat-cat' pay". Sky News. 2018-06-10.
  7. Rosie Scammell (2018-04-01). "London firm revamps pay by letting staff set salaries". AFP.
  8. Sophie Jarvis (2017-10-18). "The founder of Smarkets is turning workplace hierarchies upside down". City A.M.
  9. "Smarkets confirmed as new shirt sponsors". 7 June 2016. Archived from the original on 8 June 2016. Retrieved 22 July 2016.
  10. Chris Wright (2018-01-05). "Smarkets to sponsors 35 racing fixtures including at Aintree and Haydock". The Liverpool Echo.
  11. "Smarkets wins 'The Leap 100 Company of the Year' at City A.M. Awards 2017". 2017-11-10. Retrieved 2018-06-29.
  12. Alys Key (2017-07-13). "Smarkets betting exchange more than doubles profits in year of political betting". City AM. London. Retrieved 2018-06-29.
  13. Russell Lynch (2016-01-18). "QPR sponsor Smarkets considering a US stock market float". The Evening Standard.

External links[edit]


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