Internet betting exchange Matchbox has announced its plans to leave the Canadian market, reportedly in anticipation of upcoming regulatory issues.
The move will become effective on July 23rd, and has stopped accepting deposits from the market. All players will be forced to withdraw their funds by August 22nd, otherwise payments to bank or e-Wallets will be automatically credited.
An email released to Canadian clients of Matchbook on the issue read:
"The Management of Triplebet Limited, the owners and operators of Matchbook, have recently undertaken a comprehensive review of all operations and have made the regrettable decision to cease operations in your jurisdiction effective as of 23 July 2014."
"Matchbook shall no longer accept wagers or any other gaming activity from your jurisdiction, and all existing accounts shall be closed."
"Any bets that were made prior to 23 July 2014 shall remain 'open' and winnings will be settled as normal with funds available for withdrawal as soon as the market has been completed."
"Please ensure that you have withdrawn any funds standing in your account by 22 August 2014; if you do not withdraw the funds yourself then where possible we shall make the withdrawal on your behalf to your bank account or payment wallet. If we do not have any payment details for you on record, then we cannot guarantee that you will be able to receive your funds."
"If you have moved country since you set up your account with Matchbook, you may be able to register a new account with Matchbook. You should register a new account with Matchbook in the usual way, and shall be required to provide supporting documentation."