Dear Betmarkets Community,
Following our announcement three weeks ago, we regret to inform that we were unable to obtain green light regarding the regulatory requirements considered for our business model on a global level yet.
The setup, maintenance and transactional fees of our financial (segregated) accounts are quite high (due to being seen as a high-risk gambling business) and we have unsuccessfully tried to obtain a financial license for over a year to offer a greater layer of protection.
Thus, we find ourselves with no other option than to keep the platform suspended.
We will reach out to all users who are yet to confirm their details to receive funds throughout this week and transactions will be completed starting next Monday (06/09). There is no action required on your side.
If you have any relevant question, please get in touch at firstname.lastname@example.org.
The Betmarkets Team