It has confirmed a successful £4m ($6.56m/EUR5.58m) fund raising by means of an institutional placing and dealing on the Alternative Investment Market (AIM).
More than 3.4m shares were put on the market with a placing price per ordinary share of 115p.
Said Joe Tighe, chairman and chief executive of TradingSports: “The strong reception which we have received from investors recognises TradingSports’ prospects in a rapidly developing betting exchange environment.
"Following the recent changes in betting legislation, the potential of person to person betting providing bettors with an exciting gambling experience, has now been recognised and endorsed.
"The placing, the rapid increase in matched bets that TradingSports has enjoyed over the past few weeks, and the fact that TradingSports is the first publicly quoted betting exchange in the UK means that the Group now has the financial resources to leverage its technology and market position to deliver considerable growth."
