Peer-to-peer betting exchange and market technology business Matchbook has officially completed the acquisition of Betdaq.
Managing the Betdaq transition and customer accounts
Founded by Dermot Desmond in 2000, Betdaq stands as one of the earliest betting exchanges globally, serving exchange bettors for over a quarter of a century. The transaction unites two of the longest-established names in exchange betting, deepening Matchbook‘s overall liquidity and reinforcing its long-term commitment to the peer-to-peer model.
Under the terms of the transition plan, the existing Betdaq service operated by EPS Ltd will remain open for live trading until October 21, 2026. To ensure an orderly wind-down, customer accounts will remain accessible for withdrawals until November 4, 2026. Both operators confirmed that all customer funds remain strictly protected in compliance with regulatory requirements throughout the process. Betdaq customers can access specific account options, key dates, and a detailed FAQ directly on the official betdaq.com portal.
Bringing the two exchanges together merges Betdaq established heritage with Matchbook pricing architecture and technology expertise. This integration creates a single, deeper liquidity pool designed to provide tighter spreads, larger fills, and superior pricing for all participating bettors.
Executive commentary
Ronan McDonagh, CEO of Matchbook, stated:
“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:
“Our first priority through this transition is Betdaq’s customers: their funds are safe, their options are clear, and in one combined pool they should find better prices and deeper liquidity than either exchange could offer alone. Everything we are doing — this deal included — is about making the exchange first choice.”
