E245 - Matthew Trenhaile (re-release)
Episode description
We're bringing back one of our all-time most popular episodes for a special re-release!
Originally aired last year, this conversation with Matthew Trenhaile was a fan favorite. Matthew is one of the sharpest minds in the sports betting world, and his insights into exchanges, market making, and the future of the industry are as relevant today as they were then.
Hear them discuss:
02:41 – The Smarkets origin story, and why Jason thought an exchange was needed
08:59 – How Smarkets almost became a social betting platform, and the role that social features play in the exchange experience
13:30 – The Betfair API, developer ecosystems, and why Smarkets currently operates as a "closed garden" platform
22:11 – The backstory of how Smarkets came to be its own market maker, and the challenges that came with that
29:49 – Whether the value proposition of exchanges will ever become broadly appealing to recreational bettors
37:58 – The allure of pivoting to B2B for exchanges and syndicates
47:45 – The challenges of offering political betting markets
52:50 – Trading on Betfair in the early days
61:25 – What Matthew wants to be when he grows up
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