Canadians who enjoyed Betfair will have to find a new option for gambling services as the brand announced over the Christmas holiday that they are no longer offering their products in Canada. Customers of the brand were sent an email that provided information in regards to the shutdown of the company in the country.
The email read that as of January 14th of 2016, Betfair will no longer offer their products in Canada. Residents of Canada will no longer be able to place wagers after this date and the website will be closed to customers in the country. Any outstanding bets with the sportsbook will be cancelled and players will not be able to place new exchange bets. All gaming products will be blocked to Canadians.
Exchange bets will be kept in place until the 14th of January so players are advised to manage any positions that are open in advance of the date announced. Players are also asked to withdraw any winnings or leftover cash by the date of the 14th. After this time, players will not be able to withdraw any funds unless the helpdesk is contacted.
Betfair has not given an explanation as to why they are withdrawing their services from Canada. It could be a decision made in connection with the merger of the company with Paddy Power, a company based in Ireland, but a for sure reason is unknown. Paddy Power did withdraw their services from Canada in 2011 with no reason given by the operator so it could be that Betfair is aligning with the decision of Paddy.
Canada has seen a large portion of online gambling operators leave the country. Such sites as Mansion Poker, Ladbrokes and Titan Poker are a few of the operators who have left the marketplace in Canada in recent years. It will be interesting to see if Betfair announces the reasoning behind their decision to stop all services in Canada.
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