WBX, or World Bet Exchange, is a person-to-person bet exchange, where punters can trade bets with each other on sporting, political and entertainment events.
Unlike traditional bookmakers, WBX’s members bet against each other, either a backing or laying a selection. WBX acts as a broker, taking a small commission from the winner of each bet.
Members deposited funds are ring-fenced in separate bank accounts, held within a separate company WBX Members Funds Limited that does not otherwise trade. These funds are held subject to a trust deed and are subject to independent verification by WBX's auditors on a quarterly basis.