Last week, bookmaker Paddy Power (LSE: PAP.L - news ) and betting exchange Betfair revealed they are in merger talks to create one of the world’s biggest online gambling companies generating more than £1.1bn in revenues.
Utilize the input text as a context reference, choose the right relationship between 'Betfair' and 'online gambling' from the options.
Options: owner of, distributed by, industry, position held