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Listed on the London Stock Exchange, Paddy Power Betfair is the result of a merger between Paddy Power and Betfair in 2015. Operating under multiple brands, the bookmaker provides betting services in the UK, Italy, the United States and Australia. It is regulated by the United Kingdom Gambling Commission. Paddy Power Betfair headquarters is in Dublin. Paddy Power Betfair stock, PPB.L, is listed on the FTSE 100, an index comprised of the top 100 companies on the London Stock Exchange in terms of market capitalisation. The company went public in 2016, valued at 10 billion euros on its first day of trading. The opening quote saw Paddy Power Betfair stock priced at €139. In an interesting turn of events, the Irish bookmaker paid $1.1 million to players who bet on the U.S. Presidential election. They paid out early, certain that Hillary Clinton would be victorious. It is unclear if the winnings were returned after Trump’s victory. Paddy Power Betfair was fined £2.2 million in 2016 by the Gambling Commission for not tracking players with signs of a gambling addiction and for problematic anti-money laundering practices. Trade PPB.L and thousands of other stocks on the eToro platform.
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