The Betway bookmaker announced the closure of its operations in Brazil, a decision that impacts thousands of bettors in the country. Thus, when accessing the official platform, users were faced with a statement warning about the closure.
This news comes at a time when the sports betting market is undergoing complete transformation in Brazil.
Betway suspends deposits
The notice reads: “Dear Betway customers, regrettably, we have decided that we will not proceed with acquiring the regulated license offered in the country. We will work with you to return any outstanding balances.”
Therefore, the decision not to proceed with the regulatory bidding contrasts with the expectations of many bettors regarding the platform’s permanence in the national market.
Betway was among the bookmakers authorized by the Ministry of Treasury to operate until the end of 2024. However, the company informed that it will cease its activities in Brazil next Wednesday (13).
The communication also highlighted that deposits have already been suspended. But the company advisedusers with an account balance to make the withdrawal as soon as possible, to avoid possible delays in processing.
Among the bookmakers that also decided to close their doors in Brazil are:
- Dafabet
- Arena Esportiva
- AmuletoBet
- Vera&John
This movement is part of a larger scenario, where brands in the sector need to adapt to new regulations. These rules include the onerous requirement to pay a grant of R$30 million, making the operation unviable for some platforms.
Official Betway note
“Dear Betway Customers,
Regrettably, we have decided that we will not continue to acquire the regulated license offered in the country. We will work with you to return any outstanding balances.
If you have an account you would like to discuss, please contact us at [email protected] and include your username.
Please see our Closing Privacy Notice, which provides you (the data subject) with information about how we will store, protect and delete your data, as well as who to contact if you need support or want to exercise your rights.”
About the company
Founded in 2006, Betway quickly emerged as a leader in online betting. The company offers sports betting, live casino, eSports and traditional games. Thus, with competitive odds and an easy-to-use platform, Betway had already gained a loyal clientele.
Betway not only operates in betting, but also invests in sports sponsorship, establishing partnerships with clubs such as West Ham and Brighton. This strategy expands its presence in various sports, such as eSports and horse racing, reinforcing its global image.
Furthermore, the company operates with licenses from various authorities, ensuring a safe environment for bettors.
