MustardBet, the Isle of Man licensed online bookmaker has notified customers that it has stopped trading, by releasing a notification of closure through its digital platforms.
The bookmaker stated that it has started to return balances to customers, which it aims to accomplish within the next 72 hours.
Closing its wagering markets, MustardBet was lauded for announcing that ‘all unsettled customer bets will be settled as winners’ unless a customer has several bets on within the same event, in which case the bookmaker will award the wager for’ best possible outcome.’
MustardBet also stated that it intends to keep its website open until 11 November for another 28 days, enabling customers to clear their accounts. Those with queries were advised to contact MustardBet’s live support or email questions to [email protected] Launched by former Cantor Fitzgerald executive Andrew Garrood in 2018, MustardBet was aimed at becoming the industry’s leading low-margin bookmaker proposal–operating under the’ Winners Welcome’ tagline.
The Isle of Man outfit will spend substantial resources building up its proprietary sportsbook system ‘ Mustard Systems,’ aiming to offer a low-margin sportsbook capable of adapting and scaling UK online betting marketplace’s saturated conditions.
With deep regret, we must announce that MustardBet has ceased taking bets.
— MustardBet (@MustardBet) October 14, 2019