FreedomAtStake's Blog

Time interviews Betfair

By FreedomAtStake | View all Posts
Posted Tuesday, April 22, 2008 09:49 AM   0 comments
Time.com yesterday released a nice short interview with the founders of Betfair.

If you haven't heard of Betfair, it is because they are a British company that makes enough money that they have made a concious decision to obey America's ridiculous laws - whether or not they agree with them - and therefore do not advertise to or accept American customers.

Which is really too bad, because Betfair's betting interface and business model is the coolest thing out there. At it's essence, it is a person-to-person betting exchange which matches your wager against somebody else.

Anyway, the Time interview is basically a fluff piece, but it kind of has to be, because Betfair really has done everything right. There's nothing to hammer them on.

They have built a great company that makes piles of money, and they are obviously very smart but very modest businessmen. On top of that, the company and the technology is very cool and cutting edge. Finally, they are even obeying the law. From Time's perpective, it just doesn't get any better than this.

The key takeaway I get from the piece is how these guys seem content to bide their time and wait for the American market to open up - but they are anxious all the same. You can't help but get the feeling that if and when the American laws change, Betfair is going to launch itself upon the American market and be very, very successful.

I can't wait.
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User: Freedom@Stake
Joined: July 1995
Location: Ireland
Team: Florida State Seminoles
Occupation: Media

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