Betdaq is predominately a betting exchange but it also provides online poker. It was established in 2000 by the billionaire financier Dermot Desmond who owns Global Betting Exchange. In 2002 Dermot Desmond also became a 50% shareholder in the Irish bookmaker Betchronicle.
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As from 31st March 2011 Betmate were no longer in operation. Betmate was a betting exchange which was powered by Betdaq in partnership with 888 Holdings. Customers of Betmate were able to withdraw their funds via Betdaq.