Although there are some hardcore exchange users who would be happy with unmanaged markets in football, we believe that it will encourage more liquidity to have managed markets.
I personally don't like unmanaged markets, because I always feel I am very vulnerable due to broadcasting delays, getting distracted etc. And yep, these markets tend to have lower liquidity and are generally pretty wild, so my guess would be that most punters/traders do prefer managed markets. You are just more likely to leave your bets in the markets for a longer time, while with unmanaged markets this becomes more of a hop on hop off thing.
Hey tyKiwanuka, nice to see you pop in!
Yes, we think that aligns with the majority view. At least for Soccer, and perhaps similar low-frequency scoring matches like Ice Hockey.
American Football is an interesting case. If there was ever any serious liquidity in the in-play markets on any exchange then there would be a decent case for managing those markets in our opinion. Controversial!
High-frequency scoring games like basketball will always be fine unmanaged.