5Dimes temporarily suspend its US business

India flag

The Costa Rica-based 5Dimes will suspend its US operations as of 21st September to focus on improving its betting services according to Gamblinginsider.com. It was said that 5Dimes has hinted plans to a transition and relaunch in the regulated US sports betting market, in what 5Dimes is calling a new business venture. It was further mentioned that while 5Dimes didn’t specify how it plans to transition from the offshore market, any move to legal operations in US jurisdictions will depend on how 5Dimes getting licensed, which would be decided on a state-by-state basis.

The article mentioned that customers can claim their balances until 25 September, after which funds will be transferred to a third-party administrator who will then try and return them to account holders. If the funds remain unclaimed, they will be considered abandoned by 30 September 2021.

A message was send to 5Dimes customers as follows: “With the evolving legal landscape in the United States, we want to take advantage of the opportunity to offer an improved online sports betting experience. In order to do this, we need to suspend temporarily our service of the US market so that we can launch our new operations with a fresh start.”

Global Market Advisors consultant Brendan Bussmann said: “While the intent of this is good, this brings to light additional questions of who will be their US partner and how they will pass suitability.”

5Dimes was established in San Jose in 1996 and offers a Sportsbook, casino, bingo, and poker. It has by far the largest customer base in the US according to our research.