Betfair Review 2025 - About

Betfair Details

| Year Founded | 2000 | | Licenses | UK Gambling Commission, Malta Gaming Authority | | Awards/Achievements | EGR Operator Awards: Best Betting Exchange (multiple years) | | Prominent Facts | Pioneered the betting exchange model | | Customer Support Channels | Live Chat, Email, Phone, Twitter |

Betfair was founded in 2000 by Andrew Black and Edward Wray, revolutionizing the online betting industry with its innovative betting exchange platform. This peer-to-peer model allowed users to bet against each other, offering better odds and more flexibility than traditional bookmakers. The company quickly gained popularity and expanded its offerings to include a sportsbook, casino games, and poker.

In 2016, Betfair merged with Paddy Power to form Paddy Power Betfair (now Flutter Entertainment), creating one of the world's largest online gambling companies. Despite this merger, Betfair has maintained its distinct brand and continues to operate its betting exchange alongside its other gambling products.

Throughout its history, Betfair has been recognized for its innovation and quality service, winning multiple awards in the online gambling industry. The company's commitment to fair play and responsible gambling has also been a key factor in its success and reputation among players.