Smarkets review
Low-commission betting exchange with strong politics and sports coverage.
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Smarkets at a glance
Platform type
Betting Exchange
Markets
Sports, Politics, Entertainment, World Events
Funding
Fiat
Currencies
GBP, EUR, USD
Founded
2008
Headquarters
London, United Kingdom
KYC
Yes
Minimum age
18+
Our Smarkets review
Not confirmed.
What you can predict
How it works
Back-and-lay exchange with a flat commission on net winnings. Positions can be traded out before an event settles.
Liquidity and market depth
Good on major football, racing and tennis, and genuinely competitive on political markets, though well behind Betfair on overall depth.
Fees
Trading fees
Flat 2% commission on net winnings
Deposit fees
Free
Withdrawal fees
Free
Settlement fees
Included in commission
Network fees
Not applicable
Other
No premium charge
Deposits and withdrawals
Methods
Debit Card, Bank Transfer, Apple Pay, Google Pay
Minimum deposit
£5
Minimum withdrawal
£1
Deposit time
Instant
Withdrawal time
Same day to 2 business days
Withdrawal fees
Free
Mobile experience
iOS app
Yes
Android app
Yes
Mobile web
Yes
Clean iOS and Android apps, faster and less cluttered than most bookmaker apps.
Where is Smarkets available?
Status is reviewed manually per country. Unknown means we have not confirmed it yet.
| 🇦🇷 Argentina | Not available |
| 🇦🇺 Australia | Not available |
| 🇧🇷 Brazil | Not available |
| 🇨🇦 Canada | Available |
| 🇨🇱 Chile | Not available |
| 🇨🇴 Colombia | Not available |
| 🇪🇬 Egypt | Not available |
| 🇫🇷 France | Not available |
| 🇩🇪 Germany | Available |
| 🇬🇭 Ghana | Not available |
| 🇮🇳 India | Not available |
| 🇮🇩 Indonesia | Not available |
| 🇮🇪 Ireland | Available |
| 🇮🇹 Italy | Available |
| 🇯🇵 Japan | Not available |
| 🇰🇪 Kenya | Available |
| 🇲🇽 Mexico | Not available |
| 🇳🇱 Netherlands | Available |
| 🇳🇿 New Zealand | Available |
| 🇳🇬 Nigeria | Available |
| 🇳🇴 Norway | Available |
| 🇵🇰 Pakistan | Not available |
| 🇵🇪 Peru | Not available |
| 🇵🇭 Philippines | Not available |
| 🇵🇱 Poland | Available |
| 🇵🇹 Portugal | Available |
| 🇸🇬 Singapore | Not available |
| 🇿🇦 South Africa | Available |
| 🇰🇷 South Korea | Not available |
| 🇪🇸 Spain | Available |
| 🇸🇪 Sweden | Available |
| 🇨🇭 Switzerland | Available |
| 🇹🇿 Tanzania | Not available |
| 🇹🇭 Thailand | Not available |
| 🇹🇷 Turkey | Not available |
| 🇺🇬 Uganda | Not available |
| 🇦🇪 United Arab Emirates | Not available |
| 🇬🇧 United Kingdom | Available |
| 🇺🇸 United States | Not available |
| 🇻🇳 Vietnam | Not available |
Regulation and company
Operator
Smarkets Limited
Parent company
Smarkets
Regulator
UK Gambling Commission, Malta Gaming Authority
Licence
UK and Malta gambling licences
Licensed gambling operator in the UK and Malta with segregated customer funds.
Settlement and dispute resolution
Official results per the published rules, usually settled within minutes of an event ending.
Customer support
Hours
Extended hours
Email and live chat with a helpful help centre.
Pros
- ✓Flat 2% commission with no premium charge
- ✓Strong political markets
- ✓Clean interface and apps
Cons
- ✕Less sports liquidity than Betfair
- ✕Limited availability outside Europe
- ✕No crypto funding
Similar sites available in your country
We have not confirmed alternatives for this country yet.
Smarkets FAQs
What commission does Smarkets charge?
A flat 2% on net winnings in each market.
Is Smarkets regulated?
Yes, in the UK and Malta.