Matchbook exchange - Breaking news

spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Their 'revenue share' of 60% of your profits after winning $20,000 should have been enough to put off most serious traders.
6.5 A Member who meets or exceeds the Thresholds (as defined below) may be charged one or a combination of the MB Rates which only apply to the Exchange and they are as follows:

Commission rate up to 3.5% per bet (“Transactional Rate”); or
Commission rate up to 5% of Gross Profit per market (“Market Commission Rate”); and/or
Revenue share commission rate up to 60% of Net Profits per calendar month (“Revenue Share”).

(which shall severally and jointly be referred to as the “MB Rates”).

6.6 The thresholds are as follows:

$1,000,000 (one million US Dollars) of Betting Volume; and/or
$20,000 (twenty thousand US Dollars) of Betting Profits

(which shall severally and jointly be referred to as the “Thresholds”).
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megarain
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Joined: Thu May 16, 2013 1:26 pm
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Gambling Commission report on Matchbook.

Money laundering/Due diligence issues/social responsibility issues

http://www.gamblingcommission.gov.uk/ne ... ts-licence
LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

megarain wrote:
Sat Apr 11, 2020 7:27 am
Gambling Commission report on Matchbook.

Money laundering/Due diligence issues/social responsibility issues

http://www.gamblingcommission.gov.uk/ne ... ts-licence
Wow that makes for an interesting read!
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megarain
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Joined: Thu May 16, 2013 1:26 pm
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Gambling Commission lifted restrictions.

They back.
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