Fairlay Review I rate A

[raiders72001]

Lets say that Fairlay knows that the BTC was stolen...I am not saying that this is case but if it was stolen and the btc was tracked to lets say from your wallet Optional it was your BTC and was hacked or stolen...So then what? Just give it back to the thief?
Also they caught him right after going out of BETA so that may have been something to do with them catching him

Then Fairlay should be rated F because they are the only bitcoin sportsboook to take the law into their own hands. If there is another bitcoin book that has done so, then name it. Don't go off topic on wallets, SBR complaint form, 4 years or any other irrelevant facts. Fairlay stated they confiscated betg's money because of suspected money laundering.

[raiders72001]

I didn't say they were right, but they doesn't mean they aren't paranoid about it either. I.e. "Just because I'm paranoid doesn't mean they're not out to get me." It's been said the people running this site are more techies than bookies so they might not be as versed in what can or can't happen with running an offshore book where sites like Bookmaker and 5Dimes have been around the block a few times compared to how long Fairlay has been around.

Another good point is made here in that they are rookie bookmakers. Not too many worry about having $20k at Pinny, Bookmaker, Nitrogen etc, but there is fear with Fairlay no matter what the wallet says. Is Fairlay going to start reporting transactions of $10k or more because of US law?

[littlekona]

Another good point is made here in that they are rookie bookmakers. Not too many worry about having $20k at Pinny, Bookmaker, Nitrogen etc, but there is fear with Fairlay no matter what the wallet says. Is Fairlay going to start reporting transactions of $10k or more because of US law?

Oh stop...your really losing credibility with these statements and your what if comments ...leave this be and go play at your jetwin who may or may not be online tomorrow or bitcoinrush who is documented stealing affiliate funds because they got a bad review...btw more nitrogen(who I love) issues with accounts in last week then In 4 years with fairlay.....tis tis raiders

[raiders72001]

Oh stop...your really losing credibility with these statements and your what if comments ...leave this be and go play at your jetwin who may or may not be online tomorrow or bitcoinrush who is documented stealing affiliate funds because they got a bad review...btw more nitrogen(who I love) issues with accounts in last week then In 4 years with fairlay.....tis tis raiders

The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, file reports if the daily aggregate exceeds $10,000, and report suspicious activity that may signify money laundering, tax evasion, or other criminal activities.^[1]
The BSA is sometimes referred to as an anti-money laundering law (AML) or jointly as BSA/AML

...........

[raiders72001]

Requirements for Banking in Costa Rica Become Similar to the U.S.

https://news.co.cr/requirements-bank...milar-us/6944/

[raiders72001]

littlekona- Is Fairlay going to follow the law or not?

It's more productive to stick to the facts instead of personal attacks and irrelevant information. betg shouldn't give information that can be obtained by Fairlay. No one knows Fairlay's intentions.

Law 8204 obligates financial institutions and other businesses to report suspicious transactions, regardless of the amount involved to Costa Rica’s financial intelligence unit

[littlekona]

littlekona- Is Fairlay going to follow the law or not?

It's more productive to stick to the facts instead of personal attacks and irrelevant information.

Facts? You act as if you know all the inner details of the case when the kid BETG has not even filed a complaint with SBR after all this time...hmmm wonder why...plenty of guys on sbr have moved well over 25k in and out with no issues but occasional few hour delay...I think I will relay on those legit gamblers who actually bet to make my opinion of a site then the lone guy whom we all know is not on up and up that has no camera yet deposits 1.2 btc in a sports wagering account just to withdrawl 40 times.....the facts LOL....

[TheMoneyShot]

littlekona- Is Fairlay going to follow the law or not?

It's more productive to stick to the facts instead of personal attacks and irrelevant information. betg shouldn't give information that can be obtained by Fairlay. No one knows Fairlay's intentions.

Raiders... is it fair to say it was rather odd that betg was using a wagering website as a mixer? Not placing any wagers for around 50 transactions? I believe that's what the report indicated.

What would be a reasonable outcome? Warn betg not to do it? Or request identification?

They simply requested some proof of identity and betg didn't follow through. Why is this Fairlay's fault?

Fairlay basically said to themselves... well sh#$... he's not following through... might as well keep the BTC???

The entire story is rather odd... more so BETG not following through.

[raiders72001]

Facts? You act as if you know all the inner details of the case when the kid BETG has not even filed a complaint with SBR after all this time...hmmm wonder why...plenty of guys on sbr have moved well over 25k in and out with no issues but occasional few hour delay...I think I will relay on those legit gamblers who actually bet to make my opinion of a site then the lone guy whom we all know is not on up and up that has no camera yet deposits 1.2 btc in a sports wagering account just to withdrawl 40 times.....the facts LOL....

I don't claim to know anything other than the facts. The rest is speculation. You keep talking about other books and other players. stick to this individual case. The guys moving $25k around could be down big time. Fairlay isn't going to bother life time losers.

The facts are that Fairlay admitted to confiscating betg's money because of money laundering. If Fairlay is going to stick to the law, then they are going to turn betg in to the authorities. If you have a better reason for asking for a video, then post it without trying to cloud the issue.

[raiders72001]

Raiders... is it fair to say it was rather odd that betg was using a wagering website as a mixer? Not placing any wagers for around 50 transactions? I believe that's what the report indicated.

What would be a reasonable outcome? Warn betg not to do it? Or request identification?

They simply requested some proof of identity and betg didn't follow through. Why is this Fairlay's fault?

Fairlay basically said to themselves... well sh#$... he's not following through... might as well keep the BTC???

The entire story is rather odd... more so BETG not following through.

I agree that betg was using Fairlay as a mixer. Fairlay should have deducted fees, paid betg the rest and banned his account.

No one should send personal information to Fairlay because we don't know what Fairlay intends to do with the information. This includes sending information to SBR that may be turned over to Fairlay unless SBR stipulates the information is for their sole use.

[Optional]

I agree that betg was using Fairlay as a mixer. Fairlay should have deducted fees, paid betg the rest and banned his account.

No one should send personal information to Fairlay because we don't know what Fairlay intends to do with the information. This includes sending information to SBR that may be turned over to Fairlay unless SBR stipulates the information is for their sole use.

I've never asked a player with a complaint to supply ID info. Unless they want an opinion on why a photo may have been rejected. I'd tell them to send it direct to the book themselves. And I doubt any other dispute agent does either. And from what I can tell, SBR makes no effort to match up forum accounts with complaints or book accounts. I don't even know most complainants real names or forum names unless they tell me or make it obvious with a post.

And we also do not pass on info to books that might prejudice any player, even if I think they are in the wrong.

[littlekona]

I've never asked a player with a complaint to supply ID info. Unless they want an opinion on why a photo may have been rejected. I'd tell them to send it direct to the book themselves. And I doubt any other dispute agent does either. And from what I can tell, SBR makes no effort to match up forum accounts with complaints or book accounts. I don't even know most complainants real names or forum names unless they tell me or make it obvious with a post.

And we also do not pass on info to books that might prejudice any player, even if I think they are in the wrong.

Anyone that does not comply with Optional's and or SBR request has no credibility...Any of us in here would send resubmit or do whatever Optional asks of us especially if we where a victim....Thats what SBR is all about.. helping...Think of how many thousands of peeps SBR has helped here....But I am sure SBR has gotten cases were the player was in wrong and they sided with book too...Fair and Balanced SBR is...We will never know for sure here as complainer is non compliant...Its kinda like filing a law suit and then when day of hearing comes not showing up...other guy wins by default

[Bsims]

I agree that betg was using Fairlay as a mixer. Fairlay should have deducted fees, paid betg the rest and banned his account.

Perfect solution.

[littlekona]

Any book read the ALL the terms before using......you may be surprised....here is Fairlay on disputes which seems very reasonable

#9 How does Fairlay handle disputes?


In case of any unresolvable dispute between a user and Fairlay, Fairlay will accept arbitration from independent, well known, trustworthy entities in the Bitcoin space to settle the issue. Both parties have to agree to the arbitrator in advance. The arbitrator will also determine the party who has to pay the arbitration costs.
Fairlay reserves the right to freeze funds from any client who is suspected of any illegal activity or major misconduct. This includes line manipulation, match fixing, betting fraud and money laundering. In such a case Fairlay will also accept arbitration.

SBR and or Optional I am sure would be agreeable.....So we have a guy we know is using site as a mixer who claims victim out 1.2 BTC claims and yet does not read T/C's FAQ's to file claim...Now if FAIRLAY refused the arbitration request back then raiders would be correct in saying Fairlay has stole...But that's not case no arb was requested....LOL what the hell no camera and doesn't read instructions...Come on now

[Optional]

That's a pretty good good policy Kona. But it still sees them claiming funds/fines for themselves acting as the internet police by the looks. And that's just not acceptable. No legal or fair acting book gets to keep money received from identified criminal activity or money laundering.

[littlekona]

That's a pretty good good policy Kona. But it still sees them claiming funds/fines for themselves acting as the internet police by the looks. And that's just not acceptable. No legal or fair acting book gets to keep money received from identified criminal activity or money laundering.

What....How DOES this policy make them "internet police" come on now...
"This includes line manipulation, match fixing, betting fraud and money laundering. In such a case Fairlay will also accept arbitration." Sound to me like the arbitrator would be the final decision....But we will never know because BETG never requested.....Fair and reasonable remember that

[raiders72001]

littlekona- can you answer this question. What did Fairlay plan to do with the video? Was it a scare tactic to stiff betg or did Fairlay plan to follow Costa Rican law and turn betg in for money laundering?

[littlekona]

littlekona- can you answer this question. What did Fairlay plan to do with the video? Was it a scare tactic to stiff betg or did Fairlay plan to follow Costa Rican law and turn betg in for money laundering?

ask arbitrator Opps BETG never requested......let me ask you Raiders. Would you of asked for Arbitrator per Fairlay's documented dispute Rule? pretty nice of them to offer that too as not many books I play at do

here is whats on site....seems pretty transparent to me and Similar to Nitrogen and other books...
Fairlay LLC aims to ensure the integrity of any sensitive data it obtains, such as your account information and the transactions you make, using a variety of security measures and fraud controls
Fairlay LLC does its utmost to ensure the privacy, confidentiality and security of its clients are preserved both throughout their interaction with the company and afterwards, to the fullest extent achievable by the company.

When clients register with Fairlay LLC through a Normal Account they acknowledge their willingness to share with the company certain private information which we use for the purpose of confirming the client’s identity and ensuring the security of their deposits and trading account. This information is collected in line with our stringent verification procedures which are used to deter international money laundering operations and to ensure the security and safety of our customer’s trading activity throughout.

[raiders72001]

ask arbitrator Opps BETG never requested......let me ask you Raiders. Would you of asked for Arbitrator per Fairlay's documented dispute Rule? pretty nice of them to offer that too as not many books I play at do

here is whats on site....seems pretty transparent to me and Similar to Nitrogen and other books...
Fairlay LLC aims to ensure the integrity of any sensitive data it obtains, such as your account information and the transactions you make, using a variety of security measures and fraud controls
Fairlay LLC does its utmost to ensure the privacy, confidentiality and security of its clients are preserved both throughout their interaction with the company and afterwards, to the fullest extent achievable by the company.

When clients register with Fairlay LLC through a Normal Account they acknowledge their willingness to share with the company certain private information which we use for the purpose of confirming the client’s identity and ensuring the security of their deposits and trading account. This information is collected in line with our stringent verification procedures which are used to deter international money laundering operations and to ensure the security and safety of our customer’s trading activity throughout.

why won't you answer the question? Did Fairlay plan to turn betg in to Costa Rican authorities, as required by Costa Rican law, or did they plan to stiff him with scare tactics?

from Fairlay

.......our legal counsel strongly advised us to do it in this particular case. There is very strong evidence, that the funds are coming from illegimate sources......

Law 8204 obligates financial institutions and other businesses to report suspicious transactions, regardless of the amount involved to Costa Rica’s financial intelligence unit

[littlekona]

why won't you answer the question? Did Fairlay plan to turn betg in to Costa Rican authorities or did they plan to stiff him with scare tactics?

from Fairlay

So you would or would not ask for arbitrator? Arbitrator decision is all that matters... I surely would the day this happened if i was Innocent...I would do anything to get my BTC

[raiders72001]

So you would or would not ask for arbitrator? I surely would the day this happened if i was Innocent...I would do anything to get my BTC

Once again you are avoiding the question because you know the answer. Are you certain that Fairlay would not turn betg in as required by Costa Rican law? Fairlay already has lawyers involved. betg is obviously guilty of money laundering. As Optional stated, Fairlay is playing Internet cop.

[littlekona]

Once again you are avoiding the question because you know the answer. Are you certain that Fairlay would not turn betg in as required by Costa Rican law? Fairlay already has lawyers involved. betg is obviously guilty of money laundering. As Optional stated, Fairlay is playing Internet cop.

Your statements are all opinions based on what...you have no idea as do any of us...Read terms and faq’s on there site pretty cut and dry imo....your just deflecting....optional stated that sbr keeps data confidential as does fairlay and Fairlay states if there are unresolvable disputes arbitration w third party is protocol if user wants...SBR or Optional would be perfect arbitrators in my opinion ..your like grasping here raiders...this whole thing could of been settled months ago if complatant BETG followed the rules....your a bad lawyer raiders..advise your client for arbitration.....lol

[raiders72001]

Your statements are all opinions based on what...you have no idea as do any of us...Read terms and faq’s on there site pretty cut and dry imo....your just deflecting....optional stated that sbr keeps data confidential as does fairlay and Fairlay states if there are unresolvable disputes arbitration w third party is protocol if user wants...SBR or Optional would be perfect arbitrators in my opinion ..your like grasping here raiders...this whole thing could of been settled months ago if complatant BETG followed the rules....your a bad lawyer raiders..advise your client for arbitration.....lol

The facts are that Fairlay accused betg of criminal activity and lawyered up. Fairlay wants a video of betg. The laws in Costa Rica require betg to be turned in. Do you deny this? It's a yes or no question. You don't have to go off on a tangent.

[littlekona]

The facts are that Fairlay accused betg of criminal activity and lawyered up. Fairlay wants a video of betg. The laws in Costa Rica require betg to be turned in. Do you deny this? It's a yes or no question. You don't have to go off on a tangent.

your client betg he should should of filed for arbitration....like trump would say your fired raiders....lol

[raiders72001]

your client betg he should should of filed for arbitration....like trump would say your fired raiders....lol

It doesn't matter to me if betg files for arbitration or not. You started a thread on Fairlay's rating. You aren't denying that Fairlay communicated with a lawyer and there's a chance that Fairlay wants a video to turn betg in for criminal activity. Should that be taken into consideration in Fairlay's rating?

[TheMoneyShot]

The facts are that Fairlay accused betg of criminal activity and lawyered up. Fairlay wants a video of betg. The laws in Costa Rica require betg to be turned in. Do you deny this? It's a yes or no question. You don't have to go off on a tangent.

I'm confused about the Costa Rica thing? Is Betg's residence in Costa Rica?

Because Fairlay is based in Costa Rica.... Costa Rica has leverage on Fairlay?

Money Laundering is such a generic phrase. Anything can be considered Money Laundering.

30% of the funds at Fairlay... or even Nitrogen could be Money Laundered. lol


Let's reverse the story a bit.

Let's say Fairlay was holding my 1.2 BTC... and they wanted a video of me.... what would they do with it? Send it to the US govt? Say, hey... we caught him for you? Let's face it... the highest value of that 1.2 BTC at anytime was probably around 24k or so? It's 24k.. what would the US govt say? Where did you get it? I guess what I'm saying is... it's 100% worth the risk in my opinion... send the video... and what's the worst that can happen?

I don't really know what Fairlay's angle was on Betg? But turning him in to Costa Rica authorities? Why? I guess it's over my head?

Now, if we're talking about BTC worth around 250,000 or maybe even 100,000??? Different story then.

[raiders72001]

I'm confused about the Costa Rica thing? Is Betg's residence in Costa Rica?

Because Fairlay is based in Costa Rica.... Costa Rica has leverage on Fairlay?

Money Laundering is such a generic phrase. Anything can be considered Money Laundering.

30% of the funds at Fairlay... or even Nitrogen could be Money Laundered. lol


Let's reverse the story a bit.

Let's say Fairlay was holding my 1.2 BTC... and they wanted a video of me.... what would they do with it? Send it to the US govt? Say, hey... we caught him for you? Let's face it... the highest value of that 1.2 BTC at anytime was probably around 24k or so? It's 24k.. what would the US govt say? Where did you get it? I guess what I'm saying is... it's 100% worth the risk in my opinion... send the video... and what's the worst that can happen?

I don't really know what Fairlay's angle was on Betg? But turning him in to Costa Rica authorities? Why? I guess it's over my head?

Now, if we're talking about BTC worth around 250,000 or maybe even 100,000??? Different story then.

Fairlay is located in Costa Rica. They stated that they consulted legal counsel because they strongly believe betg is involved in criminal activity. Because a lawyer is now involved, and I could be wrong, I think they are going to turn betg's information over to cover themselves legally. The lawyer is in a bad position if he doesn't turn it over because the case is public knowledge.

Either that or a scare tactic to confiscate betg's money. As Optional said, rookie mistake. This is an awful precedent to set.

Law 8204 obligates financial institutions and other businesses to report suspicious transactions, regardless of the amount involved to Costa Rica’s financial intelligence unit

[raiders72001]

Moneyshot- I agree with you in that a large portion of money could be considered money laundering at all books. That's why it's so worrisome that Fairlay has taken this action.

[littlekona]

Moneyshot- I agree with you in that a large portion of money could be considered money laundering at all books. That's why it's so worrisome that Fairlay has taken this action.

Freezing funds due to fraud happens at many books look at nitrogen right now few cases open...follow rules and instructions If book asks get your funds....don’t use sites for mixing too.....and for God’s sake if you have a dispute that’s not resolvable file arbitration and or get sbr complaint form in..Fairlay offers this that alone is impressive..

[raiders72001]

Freezing funds due to fraud happens at many books look at nitrogen right now few cases open..

You aren't telling the truth. Poker and multi-accounting are different than stealing funds because you made deposits and withdrawals without betting.

Nitrogen is looking out for the player by insuring that the right person is withdrawing funds.

You keep repeating the same irrelevant stories over and over again. It doesn't matter if betg files for arbitration, nor does it matter who wins if he does file for arbitration.

The problem is that Fairlay confiscated funds because a player didn't bet, publicly accused him of a crime, and got their lawyers involved.

[littlekona]

Yawn....

https://www.sportsbookreview.com/forum/sportsbooks-industry/3457379-i-have-problem-nitrogensports-site.html

Wonder if your fairlay lawyers you talk about told them to pay btc cash too...if yes please tell them tyvm cha ching!

[Optional]

You guys are asking questions that probably us as players dont really want asked.

CR books have not accused people of money laundering in the past. That I am aware of. Let's hope it stays that way.

If a new book down there wants to stir up a hornets nest for offshore players then I hope they get whats coming to them, swiftly and harshly.

But as already stated, I think Fairlay are probably smart enough to not double down on this. I doubt we will hear of it being repeated ever again.

[littlekona]

I finally tried out fairlay....wagered for 4 days now on variety of events including UK horse racking, NBA, soccer including live...I have found that there odds are if not best close to best I've seen, the site is a bit intimidating at first but once u get feel for it it's a breeze...they grade fast and let you know when to expect it graded with a time, deposits process after 1 confirmation and withdrawls are literally instant I did 3 withdrawls and each sent within minutes hitting my wallet..customer service is good they responded to a general question within 12 hrs that I had..definitely an exchange worth trying...I rate it an A

reset...No more of the BETG speculation please..Anyone who plays on site or newbie with questions please only please...

[Barrakuda]

I've supported Fairlay for years, using them regularly. But I'm out. Their site is a total joke, with significantly *more* bugs than they had four years ago. More importantly, they allow their main market maker to operate on credit. So if he goes down in flames, you're likely not getting paid. Most importantly, they allow MMs to selectively accept orders. That is, if you try to lift an offer, the MM has x seconds to decide to cancel the offer based on your userid or whatever other reason he wants. I.e., spoofing with fake orders is allowed.

I think the owner is simply clueless as to how to run an exchange fairly. It's unfortunate, but consider yourself warned.