SPORTSBOOK REVIEW NEWSWIRES
TradeSports (SBR rating C+) to close Friday, November 28th
11/18/2008 1:31:05 PM
TradeSports (SBR rating C+) to close Friday, November 28thThe betting exchange cites difficulties with transferring funds, which impacts trading volume, as motivation for the decision. Unlike a sportsbook that can follow general markets to offer wagers,
Tradesports relied on person to person activity similar to a pokerroom in order to offer a quality product.
We underestimated the difficulties that current and new customers would
experience in funding accounts and partly as a result of this we have
reluctantly decided to close TradeSports. While we are not hopeful that
funding issues may dissipate soon, should they TradeSports will be back
and it is therefore an imperative for us to effect and orderly and
goodwill preserving closure for you all.
TradeSports will close all markets on November 21st. Players are expected to request a bank wire or check on November 28th.