Isle of Man licensed online bookmaker MustardBet has informed customers that it has ceased trading by issuing a notice of closure across its digital platforms.
The bookmaker confirmed that it has begun returning balances back to customers, which it aims to fulfil within the next 72-hours.
Closing its wagering markets, MustardBet has been praised for confirming that ‘all unsettled customer bets will be settled as winners’ unless a customer has multiple bets on the same event, in which case the bookmaker will reward the wager on ‘best possible outcome’.
MustardBet also revealed that it plans to keep its website open for a further 28 days until 11 November, allowing customers to clear their accounts. Those with queries have been advised to contact MustardBet’s live support or email questions to firstname.lastname@example.org
Launched in 2018 by former Cantor Fitzgerald executive Andrew Garrood, MustardBet aimed to become the industry’s leading low-margin bookmaker proposition – operating under the tagline of ‘Winners Welcome’.
The Isle of Man outfit would invest significant resources building-up its ‘Mustard Systems’ proprietary sportsbook platform, seeking to deliver a low-margin sportsbook capable of adjusting and scaling the saturated conditions of the UK online betting marketplace.