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Betfred Withdraws From German Market

Betfred is no longer accepting wagers from players in Germany effective today.

In an email to PokerUpdate, a Betfred representative confirmed the bookmaker’s exit from the German market “due to regulatory changes.” Players within the country are advised to withdraw any remaining funds from their accounts as quickly as possible with a 30-day time frame in effect.

Rumors circulated indicating that an exit from Canada and other countries was also in the works, although confirmation has not yet been offered. Betfred’s withdrawal comes at a bad time with regard to revenue possibilities considering that the 2014 World Cup kicks off in a matter of days.

 

 

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Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper. Charles joined the PokerUpdate team in early 2012 and writes daily news articles for the site.

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