29th of March 2010 Author: Johnny Karp
Regulated sports betting fund will introduce trading on sports betting exchanges.
The London-based firm Centaur Corporate is to launch a new service trading on sports betting this week, reports the Financial Times.
The Galileo Fund claims to be the world's first regulated vehicle for this activity, and will trade in sports such as football, racing and tennis on Betfair and other online exchanges that provide in-running betting services.
The managing director of Centaur, Tony Woodhams, says the service has similarities to derivatives or foreign exchange trading, but that in many cases decisions are driven by loyalties and emotions rather than logic, and the punters seek entertainment as well as reward..
The FT reports that Centaur already operates five unregulated funds, with assets of about GBP 15 million, which it says have produced average annual returns in excess of 40 percent.
The Galileo Fund will be regulated by the Gibraltar Financial Services Commission.
General Sportsbook News
3rd of July 2018
27th of March 2018
17th of November 2018
16th of November 2018
4th of October 2018
6th of October 2018
27th of September 2018
5th of October 2018
Join Now for full access
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help Site Map
LatestSportsBonuses.com © 2006-2018