5Dimes sportsbook to stop US operations

The company is believed to have plans to enter the regulated market.
The company is believed to have plans to enter the regulated market.

The Costa Rican sportsbook will stop taking bets from US customers from September 21.

US.- The offshore sportsbook 5Dimes has notified US customers that it is “embarking on a new business adventure” and will stop offering services to US customers from12am Eastern Time on September 21.

Customers will have until September 25 to claim any outstanding balances. Any balances not claimed by the deadline will be transferred to a third-party entity that will try and return the funds to account holders.

In an email sent to customers, 5Dimes wrote: “With the evolving legal landscape in the United States, we want to take advantage of the opportunity to offer an improved online sports betting experience to our many US customers.

“In order to do this, we need to suspend temporarily our service of the US market so that we can launch our new operations with a fresh start.”

Sources have suggested that the company may try to enter the regulated US market, but this would mean having to apply for licences on a state-by-state basis.

With regulated sports betting expanding across the US, offshore sportsbooks are facing more pressure to enter the growing regulated market.

Sports betting in Washington DC generated $142,279 in revenue for the month of July, a 284.5 per cent increase from June.

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