Online betting operator BetBull has informed customers that it will cease all operations on Sunday 3 July 2022.
No specific reason was provided behind the decision, although the challenges to breaking ground in the online sports betting market have been many. Not least, many companies have begun introducing F2P and pick’em games which have become direct competitors to BetBull.
Customers will be able to place bets until June 24, but after this date, no other operations, apart from withdrawals, will be allowed. Open bets will be settled and any bet that has not been settled after the shutdown date will simply be voided and the stakes returned to their customers.
While some customers are fidgety about their open selections, BetBull seems to have no reason to actually seek to withhold any funds. Commenting on this development, BetBull marketing director Paul Archer simply stated that the company will stop trading and that it has been a great journey.
“Thanks to everyone for their efforts in the past years and a special thanks to those I worked with most closely,” Paul Archer said.