How Matchbook have emerged as a significant competitor in exchange arena

Betting exchange Matchbook were established in 2004 offering low commission rates and focusing primarily on offering markets to bet on sports in North America.

Matchbook were initially majority owned by World Sports Exchange (WSEX), an Antigua-based betting and online poker company, but struggled to gain a substantial hold in an exchange market dominated by Betfair in the early years of the 21st century.

In February 2011, Matchbook were spun out of WSEX, which went out of business in 2013, and taken over by a group of investors called Triplebet Limited, who had a background in banking and sports betting.