2 thoughts on “Betting Exchanges: Good or Bad?”

  1. I’m in favor of any method that lets smart people make money at the expense of stupid people.

    It’s not much different than betting on horses, which has been legal in the U.S. for a very long time and hasn’t caused widespread corruption of society.

  2. I don’t see any customers complaining, only competitors — bookmakers in the UK, regulated trading exchanges in the USA. Their defenses of their high-fee business models are always the same: they are more responsible, the upstart competitors are more subject to corruption, etc., etc. It’s always the same batch of self-serving rationalizations.

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