Posts tagged ‘Offshore Sportsbooks’

5Dimes to Withdraw from U.S. Market

September 9, 2020

The very popular online sportsbook 5Dimes announced this week that it will stop doing business with American residents later this month. They will stop taking deposits and sign-ups right away and customers have until September 25th to withdraw their funds. When contacted for comment 5Dimes said “We are relaunching the company into a better one […]

Corona-virus Causing Issues with Sportsbook Payments

March 31, 2020

Many people are panicking during these uncertain times. They have a lot of nervous energy. For some, that means standing in a line, risking getting the corona-virus so that they can buy 36 rolls of toilet paper to add to their toilet paper hoard. Others are cashing out from their financial institutions. This cashing out […]

Founder of BetOnSports Must Pay Back Taxes of $36 Million

July 31, 2015

An appeals court rejected the attempts by the founder of a defunct online betting site to avoid the payment of delinquent taxes in the amount of $36 million, dismissing his claims that a plea deal to a related criminal case precluded the U.S. government from pursuing the tax debt. A panel of three judges with […]