Rebate Wager exchange "on hold," imo probably scrapped

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  • Ian
    SBR Hall of Famer
    • 11-09-09
    • 6072

    #1
    Rebate Wager exchange "on hold," imo probably scrapped
    I just got off live chat with Rebate Wager, and was told that their exchange, xmarketsexchange, is currently "on hold" and that they were planning to eventually launch "something similar." Even with all the BS from the DOJ lately, with thegreek pulling out of the US this is a phenomenal time for a bookie with balls to pick up a ton of market share. I was hoping rebate wager's exchange would be this book, but apparently not.
  • neverstoppers23
    SBR Hall of Famer
    • 11-26-09
    • 6302

    #2
    It would be illegal for united states customers anyways. Unlike Gambling where there are ways for US customers to gamble. There are no ways for US Customers to play in exchange markets. Because it is illegal for us customers to take part in them.
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    • LVHerbie
      SBR Hall of Famer
      • 09-15-05
      • 6344

      #3
      Operating on the small amount generated from an exchange I wonder if they could ever cover the cost of moving money back and forth in the US players...
      Comment
      • Igetp2s
        SBR MVP
        • 05-21-07
        • 1046

        #4
        They had their opportunity months ago when Matchbook closed and the blew it. They have 0 chance of ever being successful now.
        Comment
        • mtneer1212
          SBR MVP
          • 06-22-08
          • 4993

          #5
          I agree. The iron has significantly cooled from several months ago.
          Comment
          • RickySteve
            Restricted User
            • 01-31-06
            • 3415

            #6
            Failure was inevitable.
            Comment
            • SPECULATOR 13
              SBR Wise Guy
              • 08-12-07
              • 768

              #7
              I am not so sure they would fail,since they are so little options left,with matchbook gone and the inexplicable decision by bookmaker not to hustle BetMaker like only they can after MB departure,a large and untapped u.s. players market is available for the picking.They only thing they have to do is to pick-up exactly where MB left off.
              I was hoping that BLACKIE would have had things up and running by now though.
              Comment
              • sdtrader
                SBR Wise Guy
                • 01-23-09
                • 536

                #8
                It would be great if they could get the exchange going, but with all the other established sites not taking US customers or shutting down I doubt it will happen.
                Comment
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