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Betfair is a British gambling company founded in 2000. It operates the world's largest online betting exchange . Its product offering also includes sports betting , online casino , online poker , and online bingo .
Andrew Black (born 13 May 1963) is a British entrepreneur who, together with Edward Wray, a gambling entrepreneur, founded Betfair, the world's first and largest bet exchange. He is now a noted angel investor in technology businesses in the UK and further afield, and is a keen race horse owner and professional bridge player.
The online division comprises Paddy Power and Betfair in the United Kingdom and Ireland. Betfair also operates an online betting exchange. The retail division operates over six hundred betting shops in the United Kingdom and Ireland. In Australia, they own Sportsbet.
betfair .com .au. Betfair Australia is a gambling company founded in 2004. It operates the largest online betting exchange in Oceania. Its product offering also includes sports betting, online casino, online poker, and online bingo. Business operations are led from its headquarters in Melbourne.
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Betfair v WA; Court: High Court of Australia: Full case name: Betfair Pty Limited v Western Australia : Decided: 27 March 2008: Citation(s) [2008] HCA 11, (2008) 234 CLR 418; 244 ALR 32: Court membership; Judge(s) sitting: Gleeson CJ, Gummow, Kirby, Hayne, Heydon, Crennan and Kiefel JJ: Case opinions
In October 2018, Paddy Power Betfair received a £2.2 million fine from the UK Gambling Commission, after an investigation revealed that the company broke the commission's rules regarding social responsibility and anti-money laundering.
The first betting exchanges were Matchbook, flutter.com and Betfair. Flutter and Betfair merged in 2001 with Betfair chosen as the primary betting exchange. The flutter.com site ceased operations in January 2002. Since then Betfair has maintained a leading position in the betting exchange market.
David Yu (born 6 November 1967) is an American businessman and investor. He is the former CEO of Internet betting exchange Betfair and an active tech investor.
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