29-10-2007 Betfair to enter the financial spread betting market

London Capital Group announced to have reached an agreement to provide the betting exchange with a white label spread betting product.

Stockbroker Cenkos said there is every reason to believe that Betfair intends to use a third party provider to establish its financial betting product to later convert to its own platform, like it did with poker moving from CryptoLogic to an in-house product.

London Capital Group has another white label agreemnet with Irish bookmakers Paddy Power tu run Paddy Power Trader. Other operators in the financial spread betting sector include Capital Spreads, City Index and World Spreads.