News Item: : clears route to US market
(Category: Bookies news and promotions)
Posted by joginvik
Saturday 03 March 2012 - 20:05:05

ONLINE TRADING EXCHANGE,, has revealed that it is open for business in the US market.

The exchange, which allows derivatives on odds prices within sportsbetting, is comfortable that its operations sit outside of prohibitive state and federal gambling laws as it doesn??t presently meet any definition of ???gambling??.

On the back of this news, the Dublin-based company has announced a series of promotions and tenders for partners in both affiliate and B2B sectors. Marc Butterly, the firm??s CEO, explained, ???We??re offering affiliates 30 percent lifetime rev share and we??re also funding new customer accounts with ?20, which will be credited for 30 days,??? he said, before confirming that Odds Futures users will only be able to withdraw profits.

With regards to its search for commercial partners, Butterly added, ???We??re looking for commercial partners that are interested in using our API to trade into or repackage as a white label. Derivatives on odds prices are a new industry vertical we??ve invented and patented. In conjunction, our commercial billing model is 0.01 percent of turnover as opposed to the betting exchange model of two percent of profits.???

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