Letrot

What Letrot does

Letrot (commercial brand of the Société d'Encouragement à l'élevage du Trotteur Français, SETF) is the official governing body — the Société-Mère — for French harness racing. Founded in 1864 and operating as a non-profit association (loi 1901) under the administrative tutelage of the French Ministry of Agriculture, Ministry of Economy and Finance, and Ministry of the Interior, SETF organizes 11,124 trot races across 211 French racecourses on 1,477 racing days per year, with total prize allocations of €257,836,500 (2025). The organization maintains the canonical Trotteur Français stud book, issues trainer and jockey licenses (1,413 trainers, 2,346 driver/jockey license holders), administers breeder premiums (€30,754,198 in 2025), enforces anti-doping controls (16,945 tests annually), and operates the flagship Paris-Vincennes racecourse, which alone accounts for €30.5M in annual allocations.

The technical platform comprises race timing systems with real-time tracking, video-on-demand replay and live-streaming infrastructure distributed via letrot.com, the @letrottv YouTube channel, and professional tools including the Infonet data platform. Consumer-facing features include the LeTROT Agenda calendar synchronization service (Google/Apple), Mes Repérés personalized favorites tracking with alerts, a daily 24H au Trot newsletter, and the official SETF Publications library (racing codes, stud books, annual reports dating to 1867). The organization coordinates an ecosystem of 5,618 breeders, multiple national unions (SEDJ for trainers/drivers, SNPT for owners, UNAT for amateurs), training academies (AFASEC), and international partners via the European Trotting Union (UET) and Tour Européen du Trotteur Français.

The business model is structured as a regulated industry governing body rather than a commercial enterprise. SETF jointly holds 87% of voting rights in PMU (Pari Mutuel Urbain) alongside France Galop, giving it a structural claim on pari mutuel commission revenue generated through PMU's 14,200+ retail outlets and digital channels. SETF also operates the Grosbois international training center (1,500+ stalls), conducts yearling sales via partners Arqana Trot and Auctav, licenses breeding activity for 341 stallions covering 12,358 broodmares, and promotes the Trotteur Français internationally through races in 16 countries with €3,999,446 in cross-border allocations.

Name

Letrot

Legal name

Société d'Encouragement à l'élevage du Trotteur Français (SETF)

Website

https://letrot.com

Company type

Private

Founded year

1864

Operating status

Operating

Headcount range

251–500 employees

Short description

Letrot/SETF is the official governing body for French harness racing, organizing 11,124 races across 211 racecourses annually and managing the Trotteur Français stud book for 5,618 breeders, 1,413 trainers, and 2,346 licensed drivers under French ministerial tutelage.

Ownership category

akta.pro rank

Product category

Harness Racing Organization

NAICS

Racetracks (711212), Horses and Other Equine Production (112920)

SIC

Services-Racing, Including Track Operation (7948)

akta.pro primary industry

Racing Associations, Governance & Integrity Services (MPAEADAL)

akta.pro secondary industry

Pari-Mutuel Wagering Operators (Totalisators/Tote) (MPAEADAB)

Keywords

• Harness racing governance
• Trot racing events
• Horse breeding programs
• Racecourse operations
• Equestrian sports regulation

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. PMU Betting Commission: SETF and France Galop collectively own 87% of voting rights in PMU (Pari Mutuel Urbain), France's horse betting operator with over 14,200 retail outlets and 1,100+ employees. PMU handles all pari mutuel betting on French races.

Pricing tiers

Distribution channels4 records

Marketing channels5 records

Core offering

Letrot is the commercial brand of the Société d'Encouragement à l'élevage du Trotteur Français (SETF), the official governing body for French harness racing. It organizes 11,124 trot races annually across 211 French racecourses, manages the Trotteur Français breed studbook, oversees trainer and jockey licensing, distributes €257,836,500 in prize money, and operates the letrot.com digital platform providing race schedules, live streaming, replays, and news.

Product overview

LeTROT operates as a comprehensive digital ecosystem for French harness racing (courses au trot), organized by the SETF (Société d'Encouragement à l'élevage du Trotteur Français). The core offering consists of the LeTROT.com platform providing race schedules, live streaming, replays, and news coverage, supported by personalized account services including favorites tracking, race alerts, and calendar integration via Agenda LeTROT. Professional users access the Infonet platform for data management and horse registration. The 24H au Trot daily newsletter delivers news to subscribers, while SETF Publications provides official racing codes, annual reports, and studbook records. A qualifications system manages horse trial registrations.

Differentiator

Problem solved

Functional benefit

Products and services

• LeTROT.com Platform Main website platform providing race schedules, results, live streaming, replays, news coverage, and account management for French harness racing.
• Live Video Streaming & Replays Real-time race broadcasting and archived replay videos of harness racing events across French hippodromes.
• Infonet Professional Platform Professional information platform for industry professionals including race management, horse registration, and data access.
• 24H au Trot Daily Newsletter Daily digital newsletter delivering comprehensive harness racing news and updates to subscriber email inboxes.
• SETF Official Publications Official publications including racing code, annual reports, studbook records, and society accounts from the Société d'Encouragement à l'élevage du Trotteur Français.
• Trotteur Français Studbook Administration Official breed registration and genealogical tracking service for the Trotteur Français horse breed, managed through IFCE's SIRE database.
• Paris-Vincennes Racing Venue Operations Operations of the flagship Paris-Vincennes hippodrome hosting €30,754,198 in annual allocations and premier events including Prix d'Amérique Legend Race.

Quantifiable outcome

• 87% voting rights in PMU (Pari Mutuel Urbain)
• +2 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core and major.

• PMU (Pari Mutuel Urbain)coreGTM or Marketing PartnerPMU handles pari mutuel betting on all French harness races. SETF and France Galop collectively hold 87% voting rights in PMU's governing assembly. PMU operates 14,200+ retail outlets and employs 1,100+ people.
• France GalopcoreStrategic or Co-development PartnerFrance Galop is the governing body for flat racing in France. Together with SETF, they jointly control PMU governance and the FNCH federation. Both societies hold 87% of PMU voting rights.
• FNCH (Fédération Nationale des Courses Hippiques)coreStrategic or Co-development PartnerFNCH defines common policy for French horse racing, coordinates member actions, manages anti-doping laboratory (30,000 tests/year), and coordinates between SETF, France Galop, and regional racecourse societies.
• AFASECcoreStrategic or Co-development PartnerAssociation for Training and Social Action of Racing Stables. Human resources partner for the racing industry, managing recruitment, training (5 academies), and social support including childcare, housing assistance, and professional retraining.
• IFCE (Institut Français du Cheval et de l'Equitation)majorTechnology or IntegrationPublic institute under Agriculture and Sports ministries, managing horse identification, SIRE database for birth declarations, and breed registration through the Trotteur Français stud book.
• UET (Union Européenne du Trot)majorStrategic or Co-development PartnerEuropean Trotting Union organizing international events including UET Elite Circuit, international races, and Trotteur Français promotion across 16 countries.
• Centre d'Entraînement GrosboiscoreImplementation/ SI/ Consulting PartnerInternational training center 3km from Paris-Vincennes offering 1,500+ stalls, multiple tracks (1,500m circular, 1,000m circulars, 1,200m and 1,000m straights, 400m covered), 40km of trails, and paddocks.
• Arqana TrotmajorChannel Partner/ Reseller/ DistributorAuction house organizing yearling and horse sales for Trotteur Français, including sales at Deauville.
• AuctavmajorChannel Partner/ Reseller/ DistributorOnline and in-person auction platform for Trotteur Français yearlings, horses in training, and broodmares.
• AETCE (Association des Eleveurs de Trot du Centre-Est)majorChannel Partner/ Reseller/ DistributorRegional breeder association organizing yearling sales at Lignières-en-Berry racecourse.
• SEDJ (Syndicat des Entraîneurs, Drivers, Jockeys)majorStrategic or Co-development PartnerNational union representing trainers, drivers, and jockeys, providing regulatory information and professional advocacy.
• SNPT (Syndicat National des Propriétaires de Trotteurs)majorStrategic or Co-development PartnerNational owners union providing legal updates, collective liability insurance, and new owner onboarding support.
• UNAT (Union Nationale des Amateurs du Trot)majorStrategic or Co-development PartnerNational amateur drivers association representing 624 license holders, organizing 876 amateur races annually with over €5 million in allocations.
• Grosbois International Training CentermajorImplementation/ SI/ Consulting PartnerInternational training center located 15km from Paris-Vincennes offering various training establishment sizes, multiple track types, and winter meeting box rentals.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Swedish Trotting (ST): National governing body for harness racing (trotting) in Sweden, handling registrations, licensing, race programming, and integrity. Directly comparable as a peer Société-Mère in another country's trotting ecosystem.
• France Galop: The governing body for flat racing (galop) in France and the joint 87% voting partner in PMU alongside SETF/Letrot. Directly comparable as a French horse racing Société-Mère with parallel regulatory, stud book, race-organization, and PMU-stake functions.

Others

• Union Européenne du Trot (UET): European trotting federation organizing international events (e.g., UET Elite Circuit) and Trotteur Français promotion across 16 countries. Directly comparable as the international umbrella body for trotting governance in which SETF participates.
• Arqana Trot: Auction house organizing Trotteur Français yearling and horse sales, including Deauville sales. Closely linked to Letrot's breeder/owner ecosystem as a transactional channel partner for the breed it stewards.
• PMU (Pari Mutuel Urbain): France's dominant pari-mutuel betting operator and distribution partner for SETF-organized races. Economically linked (87% joint ownership with France Galop) and operationally integral to Letrot's revenue model through commission flows.
• FNCH (Fédération Nationale des Courses Hippiques): Federation coordinating French horse racing policy between SETF, France Galop, and regional racecourse societies. Adjacent ecosystem participant that co-manages anti-doping and inter-society coordination alongside Letrot.

Broad incumbents

• Hong Kong Jockey Club: Integrated racing, betting, and club operator running Hong Kong's horse racing and pari-mutuel wagering. Comparable as a vertically integrated racing-betting operator with substantial handle, allocations, and digital/mobile platforms.
• The Jockey Club (US): US Thoroughbred breed registry and racing organization holding significant industry assets and stewarding major North American races. Comparable as a long-established, non-profit breed custodian and racing organizer with substantial economic influence.
• British Horseracing Authority: National regulatory and governing body for British horse racing. Comparable as a non-profit industry regulator handling race scheduling, licensing, integrity, and industry funding flows for a major horse racing jurisdiction.

Regional players

• Deutscher Traber-Verband (DTV): German trotting federation coordinating trotting races and the German trotter stud book. Comparable as a regional Société-Mère for harness racing, providing direct cross-border insight on Trotteur Français and trotting economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/LeTrot
• YouTubeyoutube.com/@letrottv
• Facebookfacebook.com/Le.Trot
• Instagraminstagram.com/trotteur.francais

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Letrot