Sportsbet.io Closed My $700K Losing Account

[tipscikrds]

I was a loyal Sportsbet.io customer for many years. I genuinely enjoyed using the platform and was also a VIP member.

Over the years, I lost approximately $700,000 on the platform. Despite my long-standing loyalty and significant activity, Sportsbet.io suddenly closed my account without providing me with a clear or reasonable explanation.

Even more concerning, they withheld the remaining balance in my account.

I tried contacting their support team several times and sent multiple emails explaining the situation and asking for clarification. Unfortunately, I received no response whatsoever. Not even a single explanation.

I find this extremely disappointing and unfair. After years of being a loyal customer and spending such significant amounts on their platform, I believe I deserve at least a proper explanation and the return of my remaining funds.

I am attaching screenshots as evidence of my situation.

I would appreciate it if Sportsbet.io representatives could respond here and clarify:

1. Why was my account permanently closed?
2. On what grounds was my remaining balance withheld?
3. Why have my emails and requests for an explanation been ignored?

I am not asking for any special treatment. I simply want a fair explanation and access to the funds that belong to me.

I hope this issue can finally receive the attention it deserves.

[coupable]

Did you deposit $700K or that amount is the total wagering? In both cases, it is a big amount.

Sportsbet is one of well known reputed casinos in the crypto space, so I doubt they wrongly decided to close a VIP account. I don't know what you did wrong to suspect you, but at all cases you deserve an explanation.

Can you tell how much money left in your balance before they close your account? And if it is a deposit or a winning amount. Sometimes the money left is not worth the effort to refund it.

[tipscikrds]

Did you deposit $700K or that amount is the total wagering? In both cases, it is a big amount.

Sportsbet is one of well known reputed casinos in the crypto space, so I doubt they wrongly decided to close a VIP account. I don't know what you did wrong to suspect you, but at all cases you deserve an explanation.

Can you tell how much money left in your balance before they close your account? And if it is a deposit or a winning amount. Sometimes the money left is not worth the effort to refund it.

My total wagering volume was probably over $10 million, and my total losses on the platform were approximately $700,000.

They closed my account without providing any explanation other than the email shown in the screenshot above.

I don’t remember the exact amount, but I believe I had around $5,000 remaining in my balance.

This situation is genuinely upsetting, especially after years of loyalty and such a significant amount of activity on their platform.

[coupable]

This situation is genuinely upsetting, especially after years of loyalty and such a significant amount of activity on their platform.

The situation is really frustrating when they give no explanation but those vague clauses from the TOS. And regardless of your history with the platform, the $5K remaining is a considerable amount. Whatever the reasons, you deserve fair treatment even if you broke one of those terms.
If nobody from their representatives responds to your case, I suggest you open a case with the mediators. Try AskGambler or Casinoguru. They can help you get a satisfying answer at least.

[tipscikrds]

This situation is genuinely upsetting, especially after years of loyalty and such a significant amount of activity on their platform.

The situation is really frustrating when they give no explanation but those vague clauses from the TOS. And regardless of your history with the platform, the $5K remaining is a considerable amount. Whatever the reasons, you deserve fair treatment even if you broke one of those terms.
If nobody from their representatives responds to your case, I suggest you open a case with the mediators. Try AskGambler or Casinoguru. They can help you get a satisfying answer at least.

What possible justification could there be for banning an account where I had lost $700,000 overall, simply because there was still $5,000 in my balance? It makes absolutely no sense, and I cannot see any reasonable explanation for this decision.

[tabas]

What possible justification could there be for banning an account where I had lost $700,000 overall, simply because there was still $5,000 in my balance? It makes absolutely no sense, and I cannot see any reasonable explanation for this decision.

That's a strong reason for them to close your account if they believe that you're laundering money through them. There could have been ways for them to verify that claim as they have said, and they have also mentioned the other possible reasons for which you can only know if it's real or not. You have already posted on their thread and on this one, let's wait for some better suggestion or thoughts for that conclusion. Otherwise, they should have allowed you to withdraw the remaining balance because in the letter I don't see about that but only if you do another deposits and new accounts.

[tipscikrds]

What possible justification could there be for banning an account where I had lost $700,000 overall, simply because there was still $5,000 in my balance? It makes absolutely no sense, and I cannot see any reasonable explanation for this decision.

That's a strong reason for them to close your account if they believe that you're laundering money through them. There could have been ways for them to verify that claim as they have said, and they have also mentioned the other possible reasons for which you can only know if it's real or not. You have already posted on their thread and on this one, let's wait for some better suggestion or thoughts for that conclusion. Otherwise, they should have allowed you to withdraw the remaining balance because in the letter I don't see about that but only if you do another deposits and new accounts.

What do you mean by money laundering? I am a regular gambler, and I actively play on Stake and Gamdom as well. I have withdrawn hundreds of thousands of dollars from those platforms without any issues.

Moreover, my account on Sportsbet.io was down approximately $700,000 in total losses. Does it really make sense to accuse someone in my position of money laundering?

Please try to look at this situation from my perspective as well. I believe my side of the story deserves to be heard before making such assumptions.