TLDR Matchbook has completed its acquisition of Betdaq, the betting exchange founded by Dermot Desmond. The financial terms of the deal were not made public. Matchbook says combining the two exchanges will create a deeper pool with tighter spreads and better prices. The current Betdaq service will stay open for trading until October 21, 2026. Betdaq customers can withdraw their money until November 4, 2026.
Matchbook, a peer-to-peer betting exchange and market technology business, has completed its acquisition of Betdaq. Betdaq is an exchange that was founded by Dermot Desmond.
The company announced the deal on October 14, 2026. The financial terms of the transaction were not made public.
Matchbook said the purchase deepens its liquidity. It also said the deal is consistent with its overall strategy.
Two Long-Running Betting Exchanges Join Together
Betdaq was founded in 2000. Matchbook noted that it is one of the first betting exchanges ever created, with over two decades of experience in the sector.
Matchbook also has a long history. The company has offered betting exchange products for more than 20 years.
According to Matchbook, the deal will pair “Betdaq’s heritage with Matchbook’s pricing, liquidity, and technology expertise.” The company said this will create a “single, deeper pool.”
Matchbook said customers should benefit from tighter spreads, bigger fills, and better prices as a result.
The company said the transaction aligns with the global growth of the peer-to-peer betting model. It added that this growth has been further highlighted by the fast expansion of the prediction markets sector.
Matchbook CEO Says Customer Safety Comes First
Ronan McDonagh, chief executive officer of Matchbook, said both companies share the same mission of giving customers better deals. He added that the transaction fully fits with that goal.
“Our first priority through this transition is Betdaq’s