Tag Archives: Brexit

Keir Adams, SBTech: Pricing betting’s most unpredictable market

pricing

Bookmakers will have their political credentials put under the spotlight once again, as the UK prepares for a general election on Thursday 12 December. Following year-on-year political upsets since 2015, Keir Adams, Head of UK Sports at SBTech, spoke to SBC News about pricing betting’s most unpredictable market. SBC: How do you price an election? And how do you price in …

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UK not leaving EU on October 31 trading on exchanges at 97%

Punters have shown little faith in PM Boris Johnson passing his Brexit deal in Parliament before the 31st October, with the possibility of a deal being reached currently trading at 3% on the Smarkets betting exchange.  Johnson continues to face an uphill battle in Westminster, having lost a succession of important votes since taking up the role of Prime Minister.  …

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Smarkets: A50 extension likely as DUP shuts down Boris’ deal

With only two weeks to go until the UK is due to leave the European Union, the UK government this afternoon presented its withdrawal terms, yet bookmakers are sceptical of a ‘Halloween departure’ on 31 October as markets trade at 78% for an Article 50 extension.  Online betting exchange Smarkets has reported a spike in trading this morning following the …

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UK granted ‘listed status’ to protect movement of horses

With only 16 days to go until the Brexit deadline, the UK has been granted ‘national listed status’ by the European Union, which will ensure that racehorses can move across the borders in the event of a no-deal Brexit.  While barriers to ‘seamless’ movement will still be in place, the third-country status is hoped to provide certainty for owners and …

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Malta MGA publishes Brexit guidance

The Malta Gaming Authority (MGA) has published its licensee guidance on the ‘impact of the UK’s exit from the European Union’. Updating stakeholders, the MGA details that its Brexit guidance solely relates to affairs within its regulatory remit and that licensees should be aware of further business consequences resulting from Brexit. The MGA advises licensees to review UK and EU …

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DCMS publishes gambling No Deal Brexit checklist

The Department for Digital, Culture, Media & Sport (DCMS) has published an 8-point checklist, preparing gambling businesses and wider stakeholders for a potential No-Deal Brexit scenario. At present, the Conservative government maintains its deadline that the UK will leave all European Union institutions on 31 October, underlining that it will seek no further withdrawal negotiation extensions. This September, the government …

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Tom Byrne, HBLB: Horseracing gets race-by-race betting data boost

News that five of the UK’s top operators had committed to a ten-fold increase in voluntary levy to GambleAware made big news in July, but a major deal for horse racing announced the following week – involving four of the same five – passed with considerably less fanfare. Tom Byrne, Operations Manager at HBLB, tells us more. The horseracing sector …

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Racing industry advised to ramp up no-deal Brexit preparations

The UK racing industry has been warned that it needs to begin making plans ahead of a potential no-deal Brexit scenario, which is expected to have a significant impact on the sector. In a note sent on behalf of the Thoroughbred Industries Brexit Steering Group, it was emphasised that ‘the political situation regarding the United Kingdom’s withdrawal from the European …

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PM tipped for further defeats says Paddy Power

As Parliament is due to be given another chance to vote for a general election on Monday, making it the second opportunity this week, Paddy Power has made it odds-on that MPs will choose to vote against an early election. Boris Johnson has faced a difficult week in Westminster, having faced a party rebellion, a number of resignations and a …

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Paddy Power shortens odds on BoJo scrapping backstop

As Boris Johnson’s trip over to the continent has continued to attract attention from UK media, Paddy Power has shortened its odds on whether BoJo can secure a deal with Angela Merkel where a backstop doesn’t exist, despite her outlining a hard line 30-day time limit. The Irish bookmaker has been offering odds of 8/1 that BoJo can agree a deal …

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