Smarkets

Smarkets simplifies peer-to-peer trading on sporting and political events.

About

Smarkets is Python and Erlang technology company based in central London. Determined to disrupt one of the oldest industries in the world, the organisation is rethinking the method and model of the betting business. Smarkets proprietary betting exchange, also known as a prediction market, offers significantly better odds than the competition. Traditional sports betting provides unfair margins for bettors, inflating margins by up to 15%. Smarkets offer the industry's lowest margin of between 1-2% in total commission on trades. Smarkets is now one of the largest exchanges in the world, powering billions of pounds (£) in trades every year for over 200,000 customers. At its core, Smarkets is comprised of some of the finest financial and adtech engineers, researchers, scientists, PhDs and marketers. The company embraces a culture of "self-management," a corporate governance model that it credits with helping develop the company into one of the most profitable per capita in Europe.

Mission

Smarkets is dedicated to revolutionizing the betting industry by providing a transparent, user-friendly, and efficient trading platform for sports and political events. Their core mission is to empower users with advanced technology and a fair, low-commission pricing model, fostering a more informed and engaged betting community. By continuously innovating and challenging the status quo, Smarkets aims to redefine the traditional betting experience, making it more accessible, enjoyable, and rewarding for all.

Employee Benefits

  • Collaboration, trust, innovation, and scientific rigor
  • Ambitious goals and passionate energy
  • Working environment focused on recognition, challenges, support, and collaboration
  • Interesting benefits
  • Shared meals provided by in-house chefs
  • Equal opportunities employer
  • Active steps to prevent bias and discrimination in the interview process

Core Values

  • Transparency: Smarkets values transparency in all aspects of the company, from decision-making to communication, to build trust and accountability.
  • Meritocracy: Smarkets believes in a merit-based culture, where hard work and talent are recognized and rewarded, regardless of background or status.
  • Continuous improvement: Smarkets fosters a culture of continuous improvement, encouraging employees to learn from mistakes and strive for excellence in all aspects of their work.
  • Empowerment: Smarkets empowers employees to take ownership of their work and make decisions that drive the company's success, promoting a sense of autonomy and accountability.

Smarkets

Leadership

Board member at Smarkets

Randeep Wilkhu

Board member
Business Development at Smarkets

Vincent Jacobs

Business Development
CEO & Founder at Smarkets

Jason Trost

CEO & Founder

Open Jobs

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Location
London, England
N/A
Company Size
101-250
N/A
Revenue Range
$10M to $50M
N/A
Valuation
N/A
Founded
2008-01-01
N/A
Current Status
Operating
N/A
Work Mode
Open Roles
8
Hiring Now
Hiring now

Funding

Total Funding
$
3710000
Funding Rounds
6
Num Investors
2
Work Mode
IPO Status
Private
Funding Stage
Early Stage Venture
Last Funding Date
2021-06-10
Last Funding Type
Series B
Hiring Now
Hiring now
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