Sunday 27. December, 2015

Betfair Announces Intention to Leave Canadian Market

The world’s largest online betting company, UK-based Betfair, has announced its plan to withdraw from the Canadian market. As of midday UK time on January 14, 2016, Canadian customers will no longer be able to place bets through the site.

The services no longer available to Canadian customers will include all fixed odds sportsbook wagers, exchange bets and all other gaming products. In addition, Canadian customers will also not be able to access the site from outside Canada. Canadian customers have been advised to withdraw all funds from their accounts before that date to avoid the hassle of having to contact customer support to access their account balance.

The announcement did not come with any explanations as to why Betfair is casting off its Canadian clientele; however there has been speculation that a merger between Irish bookmaker Paddy Power and Betfair may result in the end of sports betting services from Betfair for Canadians and it appears that the speculation was correct. Paddy Power withdrew its services from Canada in 2011 due to a partnership with the B.C. Gaming Commission and with a potential merger looking likely, it appears that Betfair is following suit.

This move will be a blow to Canadian punters as they are not the first online bookmakers to withdraw from the Canadian market. In July 2014, Matchbook withdrew from Canada and in September 2014, Ladbrokes withdrew its main site from the Canadian market with their exchange betting subsidiary Betdaq announcing their withdrawal soon after.

This is by far the end of online sports betting for Canadians; however, as some of the biggest names in the industry continue to offer their services, including Bet365, William Hill, Pinnacle Sports and Stan James.

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