Betting exchange group Smarkets has shown a 160 per cent increase for the year ended in 2016.
It was the third consecutive year of profitable growth for the company. Its revenue climbed 144 per cent to £25.4m, compared with £10.4m in the previous year and overall business profits rose to £13.7m (£5.2m).
The company has around 200,000 users, trading sporting events and political outcomes such as the EU referendum and US presidential election.
The company, which won awards in 2016 is “striving to establish (itself) as a top-tier superior technology company,” said CEO Jason Trost. He said that the company would continue to develop its product to deliver “a unique and fair trading experience,” and would explore new regulated markets to increase its customer base.
The company has offices in the UK, US and Malta.