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World Betting Exchange Sportsbook

World Betting Exchange Sportsbook has ceased trading as of 17/03/2015http://www.theregister.co.uk/2015/03/17/betting_exchange_wbx_folds_betfair_closure/

WBX was one of the brave few betting exchanges who tried to take on Betfair. They offered lower commission rates, but never managed to gain a strong enough market share to be competitive. On the 16th March 2015, their betting business was suspended. Customers were still able to withdraw their funds, but WBX as an exchange was finished. The CEO cited the rising costs of regulatory compliance and levies in the United Kingdom, alongside the increasingly prohibitive stance of various betting jurisdictions as the main reasons behind the company’s demise.

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| World Betting Exchange Sportsbook Review - Why Did the Exchange Fail?

World Betting Exchange Sportsbook

World Betting Exchange Sportsbook has ceased trading as of 17/03/2015http://www.theregister.co.uk/2015/03/17/betting_exchange_wbx_folds_betfair_closure/

WBX was one of the brave few betting exchanges who tried to take on Betfair. They offered lower commission rates, but never managed to gain a strong enough market share to be competitive. On the 16th March 2015, their betting business was suspended. Customers were still able to withdraw their funds, but WBX as an exchange was finished. The CEO cited the rising costs of regulatory compliance and levies in the United Kingdom, alongside the increasingly prohibitive stance of various betting jurisdictions as the main reasons behind the company’s demise.

| World Betting Exchange Sportsbook Review - Why Did the Exchange Fail?

World Betting Exchange Sportsbook

World Betting Exchange Sportsbook has ceased trading as of 17/03/2015http://www.theregister.co.uk/2015/03/17/betting_exchange_wbx_folds_betfair_closure/

WBX was one of the brave few betting exchanges who tried to take on Betfair. They offered lower commission rates, but never managed to gain a strong enough market share to be competitive. On the 16th March 2015, their betting business was suspended. Customers were still able to withdraw their funds, but WBX as an exchange was finished. The CEO cited the rising costs of regulatory compliance and levies in the United Kingdom, alongside the increasingly prohibitive stance of various betting jurisdictions as the main reasons behind the company’s demise.

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