Online sportsbook 5Dimes named in multiple local news reports

Online sportsbook 5Dimes was the subject of multiple reports in Costa Rican newspaper La Nacion in recent weeks.

The reports, written in Spanish, accuse 5Dimes of owing taxes to Costa Rica's version of social security, the Caja Costarricense de Seguro Social, and of laundering funds.

A recent report referenced the US Department of Homeland Security's seizure warrant for $159,000 spread throughout 15 Amazon accounts believed to be connected to 5Dimes.

Does this impact players?
5Dimes emphasized to SBR that no charges have been filed against them in Costa Rica and that it is business as usual. Sportsbook Review has currently received no reports from 5Dimes players of slow-payment.

Off-shore betting companies have been targeted for years by government agencies and been the recipient of indictments, domain seizures, and loss of financial assets, including companies that continue to operate as normal today.

Sportsbook Review will continue to monitor 5Dimes' ability to maintain its payment track record with players and their standing in Costa Rica.

Why would a sportsbook use Amazon to pay players?
Online sports bettors based in the United States or Canada are unable to use convenient methods of funding betting accounts such as popular eWallet Skrill, which has caused sportsbooks to scramble to look for creative ways of allowing bettors to enjoy their service.

It is not unusual that bettors would be paid with a gift card as a result of the climate for processing in the industry. While many news websites have released sensational headlines naming one of the world's biggest online retailers, the reality is that sports gamblers — the same sports fans who enjoy unrestricted access to daily fantasy sports in many states — are the ones who suffer by having to pay costly fees at sportsbooks with more generic payment options ... not the sportsbook companies who operate gambling businesses in countries where doing so is perfectly legal.

Such figures to be the case until the act of placing bets with sportsbooks, either online or brick and mortar, is as openly embraced in the United States as it is in much of the rest of the world.

The wheels are slowly spinning. The proliferation of betting on fantasy sports and its exemption from the UIGEA has sparked a number of discussions on the legality of sports betting in America. Sportsbook Review interviewed New Jersey State Senator Raymond Lesniak on NJ's efforts to challenge federal law and allow its casinos to accept bets on sporting events.

 
 

 


 

Posters' Poll Pts Rating
#1 Heritage 950
#2 5Dimes 825
#3 Bookmaker 390
#4 Pinnacle 355
#5 BetDSI 350
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