Matchbook Completes Acquisition of Betdaq Brand and Domains

Matchbook announced on October 14, 2026 that it has completed the acquisition of Betdaq, with Betdaq’s licensed operator, Exchange Platform Solutions Limited (EPS), simultaneously beginning an orderly closure of the exchange’s gambling operations. Betdaq remains open for trading until October 21, 2026, and customer accounts stay accessible for withdrawals until November 4, 2026.

A customer FAQ published by EPS on Betdaq’s help center states that Triplebet Limited, trading as Matchbook, has agreed to acquire the Betdaq brand name and associated domain names. The acquisition does not include existing Betdaq customer accounts or the customer database, and existing accounts will not automatically transfer to Matchbook, EPS stated. Customers wishing to use Matchbook will need to register separately and meet its account verification requirements.

EPS said it will cease operating Betdaq across all jurisdictions on October 21, 2026, and the closure affects every jurisdiction in which it operates the Betdaq brand. Once the EPS closure is complete, Matchbook may relaunch the Betdaq brand, according to the FAQ, though all new registrations would need to be made with Matchbook and Triplebet Limited.

Closure Timeline and Treatment of Bets

Active customers were notified directly by email on October 14, EPS said, with a prominent website notice and social-media communications issued alongside reminder communications during the closure period. From that date, EPS stopped accepting new customer registrations and deposits.

Existing customers can continue to place bets on available Betdaq markets until the betting facility closes on October 21. The Betdaq Exchange remains available on eligible markets until that date, while other products, including Casino, Virtuals, Sportsbook and Multiples, are withdrawn as part of the closure process. Customers can manage and trade out of open positions until betting closes; from October 21, API and trading-tool users will have no further active markets.

Bets capable of settlement on or before October 21 will settle normally, EPS stated. Bets matched before October 14 and due to settle between October 21 and November 30, 2026 will be honoured and settled, while bets matched before October 14 relating to events concluding after November 30, 2026 will be voided, with the relevant stakes returned. Voids are due to be processed by October 22, 2026, and no commission or fees will be charged on voided positions.

Bets placed from October 14 on markets due to settle after October 21 will be voided. Bets placed but not yet matched are the customer’s responsibility to cancel, returning the remainder to the account balance, while unmatched bets on markets due to settle after October 21 will be returned once the market is voided. Any bonuses, free bets or promotions will be honoured until October 21, provided the markets are settled before October 22.

Funds, Withdrawals and Personal Data

After betting closes, customers can continue to log in until November 4 to view account statements and betting history and to withdraw any outstanding available balance, EPS stated. From November 5, 2026, the Betdaq website will display a closure notice with Customer Services contact details, and EPS said it will continue to assist with outstanding balances and arrange refunds where possible.

EPS said customer funds are held in segregated bank accounts, separate from the company’s operating funds, with sufficient funds held to cover all outstanding customer balances. Matchbook’s announcement likewise stated that customer funds remain protected in accordance with both operators’ regulatory obligations throughout.

EPS said it aims to process withdrawals within one working day, subject to verification checks, with funds taking an additional three to five working days to reach a customer’s bank account depending on the payment provider. The minimum withdrawal is £1, there is no maximum limit, and Betdaq charges no withdrawal fees. After October 14, deposits are accepted only to add a new payment method, capped at a £1 deposit, to help customers withdraw outstanding balances.

On unclaimed money, EPS said it will make every effort to return outstanding balances and proposes that genuinely unclaimed balances ultimately be donated to an appropriate charitable cause, subject to legal and regulatory confirmation. Balances below £1 that remain unclaimed following closure may also be donated, subject to the same confirmation.

Betdaq account information will not be shared with Matchbook unless the customer requests a funds balance transfer, EPS stated. Personal data is otherwise retained or deleted in line with Betdaq’s privacy policy and applicable legal and regulatory requirements, and customers can request deletion subject to EPS’s retention obligations.

CEO Statement and Company Backgrounds

Matchbook described the transaction as the unification of two of the longest-established names in exchange betting. The company said bringing the two exchanges together combines Betdaq’s heritage with its own pricing, liquidity and technology expertise in a single, deeper pool, which it said means tighter spreads, bigger fills and better prices for customers of both. It added that the acquisition comes as the peer-to-peer model enjoys renewed momentum worldwide, with exchange betting and prediction markets, particularly in the United States, bringing market-made pricing to new audiences.

Ronan McDonagh, CEO of Matchbook, said:

“Betdaq and Matchbook grew up proving the same idea — that bettors get a better deal when prices are made by a market rather than a margin. A quarter of a century on, that idea is winning: exchanges and prediction markets are bringing peer-to-peer pricing to new audiences around the world, and this acquisition deepens the pool at the heart of everything we build.”

McDonagh added that the company’s first priority through the transition is Betdaq’s customers, stating that their funds are safe, their options are clear, and that in one combined pool they should find better prices and deeper liquidity than either exchange could offer alone.

Matchbook was established in 2004 and describes itself as a peer-to-peer betting exchange and market technology business, with more than twenty years operating exchange markets. It is operated by Triplebet Limited and is licensed and regulated in Great Britain by the Gambling Commission; the EPS FAQ adds that Matchbook is licensed by the Gambling Commission and the Gambling Regulatory Authority of Ireland. In 2024, Matchbook partnered with easyGroup to launch easyBet, and it has since expanded into prediction markets through its partnership with ADI PredictStreet, including around the FIFA World Cup 2026.

Betdaq was founded in 2000 by Dermot Desmond and was among the first betting exchanges in the world, according to Matchbook’s release, which said the exchange has served exchange bettors for over a quarter of a century. Betdaq customers with questions about the closure, their accounts, outstanding balances or withdrawals can contact Customer Services at [email protected], and EPS said it will continue to manage outstanding customer enquiries and obligations following the closure of betting operations.