Smarkets
Exchange 
UKGC licence
Spelinspektionen licence
GRAI licence
Not licensed in United States
Payouts: within 24 hours with Pay by Bank. Not licensed in United States.
Smarkets is a London-founded betting exchangeBetting exchangeA market where bettors bet against each other instead of against a bookmaker. The exchange matches bets and takes a commission on winnings. In the glossary → from 2008, run by Smarkets (Malta) Limited under UK Gambling Commission account 39173, with its own exchange software. It charges 2% commission on net winnings and also runs the SBK sportsbook app.
Sister bookies SBK
Pros and cons
Pros
- Low 2% commission, 0% for the first 60 days
- Deep liquidity on UK and US political markets
- Trade Out, live charts and a matched betting hub
- No personal stake limits: stakes capped only by market liquidity
- Modern website and iOS/Android apps
Cons
- Less liquidity than Betfair on niche markets
- No casino or bingo
- Fined £630,000 by the UKGC in 2022 for compliance failings
- Card withdrawals take up to 6 business days
- Live chat not 24/7
Trust Score 7.8
Worked out the same way for every bookmaker, from the facts on this page. Some checks are still pending; until they are done they count low, so missing facts never lift a score.
- Licence10.0 UKGC
- Payout speed8.0 Within 24 hours with Pay by Bank
- Payment choice7.0 3 of 5 kinds: cards, e-wallets, bank
- Bonus terms10.0 No wagering
- Betting features7.1 5 of 7 key features
-
Safer gambling–
Not checked yet: counts as 2.0 until it is.
Paid placement never changes a score. How we score
Features
Products
- Casino: no
Betting
- Live betting: yes
- Live streaming: yes
- Cash out: yes
- iOS app: yes
- Android app: yes
Not checked yet: Live casino, Poker, Esports, Virtual sports, Bet builder, Crypto payments, Deposit limits, Time-out, Self-exclusion
Countries
Smarkets operates in 4 countries.
Available in these countries4
- Ireland
Malta- Sweden
- United Kingdom
Company and licences
- Licences
- UK Gambling Commission, Spelinspektionen (Sweden), Gambling Regulatory Authority of Ireland
- Group
- Smarkets
- Founded
- 2008
Sister bookies
Bookmakers with the same owner or the same betting platform as Smarkets. Same platform often means the same odds and similar terms.