OverviewSuggest Edit

Smarkets is a betting exchange that offers a secure and transparent platform for trading on sporting, political and current affairs events. As an exchange, Smarkets facilitates peer-to-peer betting where users set their own odds and bet against each other, not only before an event starts but right up until the end of any event.

TypePrivate
Founded2008
HQLondon, GB
Websitesmarkets.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Jan 2022)105(-1%)
Revenue (FY, 2018)£11.9 M(-41%)
Cybersecurity ratingCMore
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Key People/Management at Smarkets

Jason Trost

Jason Trost

CEO / Founder

Smarkets Office Locations

Smarkets has offices in London, Los Angeles, Santa Monica and San Ġiljan
London, GB (HQ)
1 Commodity Quay
San Ġiljan, MT
Triq Ir-Rampa Ta' San Ġiljan
Los Angeles, CA, US
Los Angeles, CA, USA
Santa Monica, CA, US
Santa Monica, CA, USA
Show all (4)

Smarkets Financials and Metrics

Summary Metrics

Founding Date

2008

Smarkets total Funding

$3.7 m

Time since last funding

8 months ago

Smarkets investors

Show all financial metrics

Smarkets Revenue

Smarkets's revenue was reported to be £11.94 m in FY, 2018
GBP

Revenue (FY, 2018)

11.9m

Gross profit (FY, 2018)

7.3m

Gross profit margin (FY, 2018), %

61.1%

Net income (FY, 2018)

(9.2m)

EBIT (FY, 2018)

(8.8m)

Cash (31-Dec-2018)

37.7m
GBPFY, 2009FY, 2010FY, 2011FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.4k2.0m10.4m24.9m20.6m11.9m

Revenue growth, %

429%

Cost of goods sold

404.0k2.1m3.1m3.4m4.6m

Gross profit

1.6m8.3m21.8m17.2m7.3m
GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.3k44.0k100.0k93.9k21.2k4.6m15.5m36.9m34.4m37.7m

Accounts Receivable

3.6k9.5k108.5k715.2k618.0k529.0k

Inventories

Current Assets

1.3k125.0k304.2k202.4k736.4k4.8m16.6m39.0m37.2m42.3m
GBPFY, 2009FY, 2010FY, 2011FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(85.9k)(335.7k)(431.2k)317.0k4.2m6.0m8.5m

Cash From Operating Activities

2.4m11.4m21.9m5.9m3.8m

Cash From Investing Activities

(402.0k)

Cash From Financing Activities

753.0k(1.0k)(346.0k)(6.8m)(763.0k)
GBPFY, 2009

Financial Leverage

-0.5 x
Show all financial metrics

Smarkets Operating Metrics

Smarkets's Customers was reported to be 100 k in Y, 2016.
Y, 2016

Customers

100 k
Show all operating metrics

Smarkets Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Smarkets Online and Social Media Presence

Embed Graph

Smarkets News and Updates

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The founder of Smarkets is turning workplace hierarchies upside down

Cue Smarkets – a stock market for betting: you bet against other betters, not the house. Founder Jason Trost’s vision is to create complex bets for complex customers: instead of a punter putting £5 on Chelsea to win, Trost wants a younger, UBS version of himself to put £10,000 on a complex political…

The founder of Smarkets is turning workplace hierarchies upside down

With the current Conservative leadership narrative resembling a combination of Shakespeare’s Comedy of Errors and Julius Caesar, there’s plenty speculation about which path history will take – “Will Boris get the boot?”, “Will May resign?” etc. Cue Smarkets – a stock market for betting: you bet a…

Smarkets Blogs

Our fifth annual Thanksgiving Hackathon

This year’s winners were the Friendly OwlsContinuing our long-standing company tradition, we celebrate Thanksgiving at Smarkets by hosting a hackathon, and follow it up with a traditional (and very tasty) dinner prepared by our wonderful chefs.After our kickoff breakfast, the teams raced against the…

One year out: a US midterms preview

The midterm elections are the first chance US voters get to cast their views on a new president on the national stage. If history is anything to go by, Joe Biden and the Democrats could be in for a difficult time one year from today.At Smarkets, we expect the 2022 midterms to be the largest in our h…

Preview: German Federal Election

Our latest market data ahead of the big vote on 26 SeptemberGermany goes to the polls this month in an election which will decide who will succeed Angela Merkel as Chancellor after almost 16 years in office.Coverage in the UK media has been light so it’s possible to have missed it, but we could be o…

Three guiding principles for building a Product function

Hi!I recently joined Smarkets to help scale and build our Product function. What attracted me most to this opportunity was the fact that the company has been operating for many years without one, in a very lean and efficient model where the Product side of things has always been driven directly by t…

Why we use Rust in Hanson

According to Stack Overflow, Rust is the “most loved” programming language for five years in a row and I am happy to agree with them. Stack Overflow has rarely lied to me after all. The language which only first appeared 11 years ago has been taking the coding world by storm and now we are ‘rustifyi…

In Numbers: Euro 2020

It ended up being Forza Azzurri, not Football’s Coming HomeWhat was your highlight of Euro 2020? Maybe Patrik Schick’s incredible goal from over 50 yards against Scotland? Or was it the manic Monday of the last 16 which saw both Croatia vs. Spain and France vs. Switzerland finish 3–3 after 90 minute…
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Smarkets Frequently Asked Questions

  • When was Smarkets founded?

    Smarkets was founded in 2008.

  • Who are Smarkets key executives?

    Smarkets's key executives are Jason Trost.

  • How many employees does Smarkets have?

    Smarkets has 105 employees.

  • What is Smarkets revenue?

    Latest Smarkets annual revenue is £11.9 m.

  • What is Smarkets revenue per employee?

    Latest Smarkets revenue per employee is £113.7 k.

  • Who are Smarkets competitors?

    Competitors of Smarkets include Dream Sports, Betsperts and ESPORTS Technologies.

  • Where is Smarkets headquarters?

    Smarkets headquarters is located at 1 Commodity Quay, London.

  • Where are Smarkets offices?

    Smarkets has offices in London, Los Angeles, Santa Monica and San Ġiljan.

  • How many offices does Smarkets have?

    Smarkets has 4 offices.