Exclusivebet Player Asks SBR for Assistance
An Exclusivebet player has claimed that his winnings were voided.
The player opened his account with the online sportsbook earlier this year and went on a hot streak.
However, after attempting his very first withdrawal, the player claimed that the sportsbook responded by restricting his account access and cancelling his wagers.
Online sportsbooks that wait to perform Know Your Customer (KYC) until players ask for withdrawals typically generate such complaints. While it is yet to be determined if the betting site had evidence of player fraud, the process of waiting for a player to ask for a withdrawal before performing verification creates the opportunity that the player is free to lose to his deposit, but stands no chance at redeeming funds.
In the end, such a process creates a situation where both player and sportsbook might take a shot at one another. The industry's top rated sportsbooks typically perform KYC within days of a deposit through select methods, though there is less of a need for KYC when it comes to depositing by way of bitcoin.