Betdaq exchange closes 21 October; withdraw by 4 November

Betdaq is closing its betting exchange. A notice on betdaq.com says there will be "no markets on site after the 21st October 2026", and that customers "will continue to have access to your account until 4th November 2026 to view statements and to withdraw your balance as normal".

The same notice says the Betdaq brand has been acquired by Triplebet Limited, the company that runs the rival exchange Matchbook. "Your BETDAQ account will not transfer to Matchbook," it adds, so anyone who wants to carry on trading at Matchbook has to open a new account there. The deal was announced on 14 October; financial terms were not disclosed, European Gaming reports.

Two dates that matter

That leaves less than a week of trading and a further two weeks, to 4 November, to take money out.

What exactly was sold

Matchbook's announcement says it "completed the acquisition of Betdaq". Betdaq's own notice is narrower: it says the brand was acquired. The exchange itself is run by Exchange Platform Solutions Limited (EPS), which holds licences in Great Britain, Ireland and Alderney and will keep the service open until the dates above, European Gaming reports. Dermot Desmond founded Betdaq in 2000.

Matchbook says customer funds stay protected under both operators' regulatory obligations during the handover. "Our first priority through this transition is Betdaq's customers: their funds are safe, their options are clear," said Ronan McDonagh, Matchbook's chief executive.

On a betting exchange, customers bet against each other rather than against a bookmaker: one side backs an outcome, the other lays it, and the exchange takes a commission on winnings instead of setting its own odds. More users on one exchange means more money waiting on each side of a market. Matchbook's pitch for the deal is exactly that, a deeper combined pool with better prices. Because Betdaq accounts are not moving across, though, Matchbook only gains that liquidity if Betdaq customers choose to sign up again.

Matchbook ties the purchase to the wider interest in peer-to-peer betting, including prediction markets, which it already runs in the UK under Triplebet's betting-intermediary licence from the Gambling Commission, held since November 2014. For the US side of that debate, see the CFTC's view on casino and sportsbook bets versus event contracts.

What this means for Betdaq customers

If you have a balance at Betdaq, withdraw it before 4 November rather than on the last day, and save any statements you may need for your own records while you can still log in. Nothing can be traded after 21 October. Your account will not appear at Matchbook on its own; joining Matchbook means opening a new account and going through its sign-up checks. See also the UK's deposit-limit changes from 30 September.

For another case of a site closing while customers still had money in it, see what happened to player balances when Brazil's betting sites went offline.

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