Betfair is the largest online betting exchange in the world. The company was founded in 2000 and its headquarters are located in West London, Dublin and the UK. They have a turnover in excess of £50 million per week and over 1.1 million active users. Betfair owns subsidiaries in the United States. Their TVG Network is dedicated to horse racing, broadcasting live races, race analysis and interviews. Betfair also has a subsidiary in New Jersey which provides online gaming products.