Social-media and free-to-play driven sports betting company BetBull announced on 20th June 2022 they will cease all operations on Sunday 3 July 2022. The announcement was made via the website and in a personal email to customers. The bookie will no longer accept new sign-ups as from Friday 24th June 2022. Problem with BetBull closure? Here's all you need to know.
BetBull to cease all operations. What to do now?In a short statement, BetBull announced they have taken the "difficult decision" to cease all gambling activity.
The decision comes rather suddenly, an no specific reason was provided behind it.
Actually, it was very surprising given the fact BetBull had embarked on a new advertising campaign in the UK within the past 12 months – featuring none other than football icon Eric Cantona.
Stephen Power – more widely known as the Racing Blogger – was still providing social media content for BetBull around Royal Ascot last week, while football ambassadors Darren Bent and Ray Parlour gave their take on the UEFA Champions League final between Real Madrid and Liverpool last month.“This week BetBull will cease trading; it has been a great journey – seeing the brand take it first bet to its last,” said Paul Archer, marketing director at BetBull.
Customers will have two week to withdraw money from their account.
In the next sections, we will explain how to cash-out your balance money at BetBull, what happens if you have open bets and what happens if you do not request a withdraw before they shut down all operations.
Meanwhile, let's take a look at how to replace BetBull in your favorite bookies portfolio.
Looking for an alternative to BetBull?
BetBull was one-of-a-kind social betting app. What set this online sports betting app apart from the rest was its social integration.
You had the chance to follow the best bettors in the network and see how they're betting over time.
As a result, it's not an easy task finding something similar, even if new betting sites have their focus on social betting and gamification.
Despite that, many online bookies are worth a try. The following bookmakers are our recommended operators as BetBull alternatives.
Frequently Asked Questions
Will BetBull accept new registration?
As of Monday 20th June no new registrations will be taken while the sportsbook will stop taking bets on midnight of 24th June.
How can I withdraw funds from my Betbull account?
You will be able to log into your account until 3rd July 2022 to withdraw your funds as normal. The BetBull Customer Support team will process any manual withdrawals after that date. Customers can contact BetBull Customer Support via email.
What happens to my bets on BetBull?
Open bets that will take place before 26 June will be settled. Any bet that has not been settled after this date will simply be voided and the stakes returned to their customers.
What happens if do not withdraw my account balance?
BetBull will make every attempt to return your funds and will attempt to refund any account balance due to you through the payment method you have stored in your account. Should the payment fail, BetBull will even contact customers via email to collect updated details from them.
Why BetBull decided to close down?
real reasons are unknown at time of writing. Anywya, Some media reports have suggested the decision to close was taken because of regulatory headwinds rather than any financial difficulties, with the company's most recent publicly filed accounts showing a six-figure operating profit.
More info about BetBull
BetBull was founded in 2015 by iGaming entrepreneur Sadok Kohen as the first social sports betting app with a community of tipsters and sports fans who share their betting tips and build accumulators together.
The brand rapidly became a a sportsbook challenger brand in the UK and other regulated European markets.
In October 2018, US operator Wynn Resorts purchased a 22.5% stake in the company, following the federal repeal of PASPA.
In 2020, Wynn Resorts increased their shareholding in the company to 71%, and launched their betting services in nine diffrent state in the USA.
In the same year BetBull acquired Wager, a fellow social betting platform.