Betfair & Portugal Update

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22 July 2015
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We had this alert sent to us last week so thought we would pass it on:

Dear Software Vendor,

Betfair has recently applied for a Portuguese licence and as part of the application process, we have now been asked by the regulator to temporarily switch off our site in Portugal whilst licensing is concluded.

Portuguese customers are still able to log into their accounts to withdraw funds until July 31, but no new bets can be placed from July 16. Betting will be suspended in the following ways:

  • New Sportsbook bets blocked; current bets will be allowed to settle until July 31, all bets due to settle after that will be cancelled
  • New Exchange bets blocked; customers can trade out of existing positions until July 31, after which customers will not be able to access the Exchange
  • Gaming bets are blocked immediately

We value our ongoing relationships in Portugal and understand that this development is frustrating. But in complying with this interim regulatory requirement we hope to be able to secure a long term future in Portugal. We will seek to provide regular updates on the situation, and please contact us if you have any further questions.

If there are any developments on this, we will update you.

Kind Regards,

Betfair Developer Program

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