New Posts For Thread: Smarkets closing accountshttps://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accountsSmarkets seem to be clamping down on winning accounts.I had mine closed last week with no explanation at all. They refuse to discuss the reasons and just quaote the fact they don't have to give a reason.I have since read online about a few others alsOr perhaps sold the account? People do that, allegedly - one used to see people on here offering to sell lifteime-losing accounts to wannabee PC-avoiders?https://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=563798421#563798421Or perhaps sold the account? People do that, allegedly - one used to see people on here offering to sell lifteime-losing accounts to wannabee PC-avoiders?Sat, 10 Feb 2024 18:51:23 -0600So by asking for updated photo ID, are they suggesting you might have somehow morphed into a different person?https://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=563794989#563794989So by asking for updated photo ID, are they suggesting you might have somehow morphed into a different person?Fri, 09 Feb 2024 11:47:13 -0600Covering their backs IMO - they don't want a regulator demanding evidence of KYC checks having been performed on customers and being challenged over out-of-date docs.Especially smarkets after they got hit for a six-figure fine for AML failings.https://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=563793835#563793835Covering their backs IMO - they don't want a regulator demanding evidence of KYC checks having been performed on customers and being challenged over out-of-date docs.Especially smarkets after they got hit for a six-figure fine for AML failings.Fri, 09 Feb 2024 05:21:03 -0600I had an email from them saying my photo id was about to expire and they require a new photo id.To me this is ridiculous, they already have my photo id, I think it's time to withdraw and stop betting with them. I don't think these companies want anyhttps://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=563793529#563793529I had an email from them saying my photo id was about to expire and they require a new photo id.To me this is ridiculous, they already have my photo id, I think it's time to withdraw and stop betting with them. I don't think these companies want anyFri, 09 Feb 2024 02:00:39 -0600Smarkets offer horse multiples which was news to me. And commission free for the year, if you sign up now.https://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=563397529#563397529Smarkets offer horse multiples which was news to me. And commission free for the year, if you sign up now.Sat, 26 Aug 2023 07:26:56 -0500To me they felt like BF's more upmarket, thinking man's little brother. I should've started using them before 2018, but I just thought there won't be anything there you can't do here, and here are more markets, sport, punters and turnover. It was thttps://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=562869787#562869787To me they felt like BF's more upmarket, thinking man's little brother. I should've started using them before 2018, but I just thought there won't be anything there you can't do here, and here are more markets, sport, punters and turnover. It was tSun, 15 Jan 2023 16:35:27 -0600I had api access for a while.The problem now is they are asking for Source of Wealth docs and suspending accounts while waiting for approval. However I have read of some people waiting 2 months or more for approval.https://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=562855017#562855017I had api access for a while.The problem now is they are asking for Source of Wealth docs and suspending accounts while waiting for approval. However I have read of some people waiting 2 months or more for approval.Tue, 10 Jan 2023 08:30:49 -0600They've never been a true exchange as only the privileged few ever had access to their API. Those market makers have smarkets over a barrel and probably have more say that what happens on the exchange than smarkets own staffhttps://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=562832605#562832605They've never been a true exchange as only the privileged few ever had access to their API. Those market makers have smarkets over a barrel and probably have more say that what happens on the exchange than smarkets own staffSat, 31 Dec 2022 09:32:01 -0600Their markets are almost entirely funded by a handful of API market makers. I dont know exactly what the agreement is between the two parties but I do know that the market makers do get gievn access to some user information and that then affects thehttps://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=562711237#562711237Their markets are almost entirely funded by a handful of API market makers. I dont know exactly what the agreement is between the two parties but I do know that the market makers do get gievn access to some user information and that then affects theSun, 13 Nov 2022 09:25:24 -0600What I have heard is that you will only get banned if your account shows a profit.If your account is showing a loss than you are welcome.So it appears it's the place for fun bettors only.https://community.betfair.com/general_betting/go/thread/view/94082/31775221/smarkets-closing-accounts?post_id=562710253#562710253What I have heard is that you will only get banned if your account shows a profit.If your account is showing a loss than you are welcome.So it appears it's the place for fun bettors only.Sat, 12 Nov 2022 18:30:32 -0600