Brief
Matchbook completes acquisition of Betdaq to boost UK exchange liquidity
The takeover is expected to improve pricing and protect Betdaq customers' funds during the transition.
By Felo News Desk · Published
Matchbook announced on 19 October that it has completed the takeover of rival betting exchange Betdaq, strengthening its position in the UK market.
Matchbook chief executive Ronan McDonagh said the merger will create a larger pool of liquidity, offering tighter spreads, larger matched bets and better prices for users. He added that Betdaq customers’ funds are safe and that the combined platform should deliver superior pricing.
Betdaq, founded by Dermot Desmond in 2000 and operated by EPS Ltd, will remain open for trading until 21 October, with withdrawals possible until 4 November. Matchbook confirmed that customer funds will stay protected throughout the transition.
Key facts
- Matchbook completed the takeover of Betdaq on 19 October 2026. (standard.co.uk)
- Betdaq will stay open for trading until 21 October 2026. (standard.co.uk)
- Customers can withdraw Betdaq funds until 4 November 2026. (standard.co.uk)
- Ronan McDonagh said the merger will improve spreads, liquidity and pricing. (standard.co.uk)
Sources
- [1] standard.co.uk — originally reported as “Matchbook completes takeover of Betdaq”
