Talking Horses: long-range bets to be voided as 188Bet closes in Britain | Chris Cook

What justification can there be for voiding longer-term bets if a company is still solvent and trading in other countries?

More bad news arrives for ante-post punters, as we are told that 188Bet is to cease trading in Britain and Ireland and will honour ante-post bets only for events to be completed in the next three months. It appears that Betbright set a precedent when it decided to void ante-post bets in closing down, a decision which the Gambling Commission then legitimised by failing to do anything about it.

What makes the voiding hard to stomach in this case is that a statement from 188Bet specifically says that the firm remains solvent. This is good news inasmuch as customers can withdraw their funds, up to 30 August, and ante-post bets will be settled if the relevant events are completed by 30 June, which will include the current football season.

Continue reading...

About the Author

Comments are closed.