Isle of Man licensed online bookmaker MustardBet has informed customers that it has ceased trading, issuing a notice of closure across its digital platforms.
The bookmaker confirms 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 confirms that it plans to maintain its website open for a further 28-days, allowing customers to clear their accounts.
The operator details that it aims to terminate all facilities by 11 November. Customers 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.