5dimes Sports Betting
Posted By admin On 27/03/225Dimes Applies for New Jersey Sports Betting License in Bid to Enter US Market Costa Rica-based operator plans to move away from being an unregulated offshore sportsbook Lawyers don’t expect a decision on the New Jersey application for several months Some experts believe allowing offshore firms to enter the regulated US market is a good move. Our systematic process for the 5Dimes review showed us they are a top sportsbook in terms of customer service, betting opportunities, and deposit speed. Specifically, 5Dimes offers huge betting markets for all the sports. Sep 08, 2020 It sounds like the 5Dimes intends to relaunch as a legal, licensed company in states where sports betting is legal. The problem there, one would assume, is that it has accepted American customers illegally for years, so getting regulators to give the company the thumbs-up might be difficult. What sports can be bet on? There is a menu befitting any sports betting appetite at 5Dimes with the NFL, college football, NBA, college basketball, MLB, NHL, and soccer among the main areas of interest. It’s unclear just how 5Dimes expects to be welcomed back into the US regulated sports betting market, given its lengthy history of defying demands from state regulators to stop catering to their.
Offshore sportsbook 5Dimes announced this week it was closing its doors to US customers. But there were some hiccups with that move.
Multiple 5Dimes customers have since had their open futures bets and accounts transferred a more obscure offshore site called Betanysports.
The site layout, prices and bet options all look identical to 5Dimes. Review sites note betanysports is also based in Costa Rica and a “sister site” to 5Dimes.
As one Reddit user reported: “5D transferred my entire account over, and it went flawlessly. All account info, all pending bets, balance, etc…all transferred and looks exactly like 5d did.”
The simplicity of the migration suggests that 5Dimes and betanysports might run on the same platform. Migrations simply aren’t that easy otherwise.
Using the same platform doesn’t necessarily mean the companies are connected, but it does raise some questions.
Multiple Reddit and social media users also reported a straightforward switch and that betanysports was identical to 5Dimes.
What is going on behind the scenes at 5Dimes?
The company and customer service agents said there was no relationship between the two sites.
It’s also important to note not all customers were offered the chance to switch. Some bettors with massive +EV futures simply had them voided.Legal Sports Report also asked 5Dimes customer support for options for betting with the site closing off the US. No suggestion or offer to move was given. (The account also had no deposit history, for what it’s worth.)
There’s obviously a huge imbalance here in favor of the book. They’ve already collected on a lot of losing NHL and NBA futures. And now they can cancel the remaining live tickets.
That might explain why betanysports stopped accepting transfers on Tuesday, as some 2+2 users reported.
Bettors were also told that the minimum withdrawal amount on account balances was $100, causing more issues for smaller players.
How did we get here?
Remember, 5Dimes is closing US customers because it wants to relauchits operations with a “fresh start”. The company hinted it could be looking at the regulated market.
However, it declined to provide any details on how such a relaunch would work. One option laid out by Eilers & Krejcik analyst Chris Krafcikcould be the PokerStars route.
5dimes Sports Betting Reviews
That is, some kind of settlement with the Department of Justice, then a sale of assets, like the brand and tech stack, to a third party.
5 Dimes Sportsbook Suspended
That’s assuming the 5Dimes brand and tech has any value left, that is. Perhaps the most valuable asset is the database of US customers built over two decades.
5dimes.com
Regardless of what’s really going on behind the scenes, the push for a 5Dimes rehabilitation and “fresh start,” hasn’t exactly started out promisingly.