5Dimes Exits US Market Aiming for Legal Comeback
A well-known offshore sports betting platform, 5Dimes, is discontinuing its services for American users. The company intends to reintroduce itself as a lawfully operating entity in the US market at a later date.
Commencing on September 21st, wagers from US-based players will no longer be permitted. Patrons have until September 25th to retrieve their funds. Following this deadline, any remaining balances will be transferred to an external entity tasked with reimbursing the rightful account holders.
Although 5Dimes asserts its pursuit of a legal structure for its US operations, specifics remain undisclosed. The licensing avenues they intend to explore and the targeted states for their operations are unclear. Industry specialists express doubt regarding 5Dimes’ capacity to navigate the complex legal and regulatory obstacles associated with establishing a legitimate sportsbook presence within the United States.
Government officials don’t forget easily. Those who once ran afoul of the law with internet or fantasy sports wagering could encounter more obstacles in acquiring authorization.”
Founded in 1996 and headquartered in San José, 5Dimes provided internet sports betting, casino games, bingo, poker, and other offerings to a worldwide customer base.
