Smarkets (SBR rating C) is a Malta-based betting exchange. Smarkets opened for business in February of 2010. The Malta-based operation runs marketing out of London, UK, and employs a small customer service staff. The exchange does not accept US players. The exchange makes a profit by charging a commission ranging from 1 to 4% on customer net winnings. The business model is to offer punters a cheaper alternative to traditional vigorish imposed by conventional bookmakers. The CEO and Co-Founder of the company is Jason Trost. SBR posters have thus far reported positive experiences with the outfit. SBR knows of no outstanding Smarkets payment disputes.
Smarkets has been assessed with a preliminary sportsbook rating of C. Players with feedback at the exchange are encouraged to write to SBR through this sportsbook form or via email.