Smarkets is an online betting exchange that allows users to place bets on various events, such as sports and political outcomes. Unlike traditional bookmakers, Smarkets enables users to set their own odds and trade bets with one another, creating a more dynamic betting environment. This platform is known for its low commission rates, making it an attractive option for both casual and serious bettors. Founded in 2008, Smarkets has gained popularity for its user-friendly interface and innovative features. The platform supports a wide range of markets, including football, tennis, and elections, providing users with numerous opportunities to engage in betting activities.