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5Dimes US Market Exit: Update

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5Dimes US Market Exit: Update

5Dimes announced Monday that they are exiting the US market. Bets from US players will no longer be accepted as of September 21. Players have until September 25 to request their balances. Funds not requested by this date will be managed by a third-party claims administrator.

What is currently in dispute is how 5Dimes has opted to handle futures bets that would settle after their September 25 deadline. 5Dimes’ position is that these bets will be refunded after players contact them.

Numerous complaints have been shared on SBR Forum and Twitter regarding this decision. Basic bookmaking precedent is that accepted bets must be honored. When sportsbooks have exited countries in the past, player bets have been honored. The only alternative to settling bets normally is to pay them at fair market value.

Discussions with 5Dimes continue on how they are handling these futures bets. Updates will be posted as they become available.