Matchbook Bans US Customers

Details

Business News

Wednesday, 09 March 2011 06:55

By press release

Antigua, St John's - Online betting exchange Matchbook has been sold, after consent from the Financial Services Regulatory Commission (FRSC), and has issued the following statement in connecting with its new policy on wagers emanating from US-based customers.

Its statement is reprinted in full.

"Matchbook has been sold effective February 28th 2011. The new owners of Matchbook have been informed by its legal advisors that accepting wagers from anyone located within the United States might constitute a violation of United States law.

Accordingly, Matchbook will no longer accept a participant located in the United States, where wagering on a sporting event or any other event in which chance predominates might be a violation of law. As a result, if you are a registered participant located in the United States, you will not be able to access your account for the purposes of placing a wager effective immediately upon the transfer of ownership of Matchbook on February 28th 2011.

The accounts of all registered participants located in the United States will be closed effective February 28th 2011. The new owners of Matchbook will work with the affected participants to ensure that all funds remaining in the registered participants’ accounts as of February 28th 2011 will be returned to the registered participants located in the United States within 31 days from the aforesaid date.

Registered participants, whose accounts will be closed effective February 28th 2011, will be sent, via email, detailed instructions as to the procedure required to receive the funds remaining in their respective accounts as of February 28th 2011. The new ownership will provide contact information for questions from registered participants whose accounts have been closed.

The new owners of Matchbook are in no way associated or affiliated with WSEX or the previous ownership of Matchbook prior to February 28th 2011.

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The new owners and management look forward to heralding a new dawn in financial prudence and stability, while continuing to offer a world class betting exchange with improved global sports offerings.

Matchbook intends to expand its operations into the European and Asian markets through encouraging a steady increase in event liquidity as well as expanding payment channels into these markets. Please stay tuned for further updates in the coming weeks."

The Financial Services Regulatory Commission, (FSRC) the regulatory body responsible for overseeing the online gaming industry in Antigua and Barbuda approved the transfer of ownership of Matchbook.

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