Online gambling provider Betfair exits Canada online gambling market due to January 14. This was announced by the operator, without giving a reason for the decision. However, it appeared in Canada gambling news that the reason behind withdrawing from Canada might be the upcoming Betfair-Paddy Power merger.
Since Betfair exits Canada by January 14, any outstanding sports bets will be cancelled by the sportsbook. Exchange bets will remain valid until January 14. After that date, sports betting and gaming services won’t be available for Canadian players anymore. Betfair informed their players about the news during the holiday period via email.
Betfair Exits Canada means players should withdraw their money before January
The operator also advised to make any withdrawals before January 14. As soon as Betfair exits Canada, it will be more complicated to withdraw any remaining funds. In that case, players will have to claim their leftover cash through the Betfair helpdesk.
The cause of Betfair exits Canada wasn’t revealed by the operator. However it was speculated by several news sites that the reason behind this was the upcoming merger between Betfair and internet betting rival Paddy Power. The UK Competition and Markets Authority (CMA) gave the nod for this move last month, so the Betfair-Paddy Power merger will inevitably happen in the near future.