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.
Refer to the input text as context and select the correct relationship between 'Betfair' and 'online gambling' from the available options.
Options: distributed by, owner of, industry, position held