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A popular Bitcoin only Internet gambling website has shut down without warning, leaving customers scratching their heads and wondering what has happened to their funds.
BetOnline now accepting Litecoins: In business since 1999
DirectBet.eu promised sports betting with various cybercurrencies that included Bitcoins, Litecoins, and Dogecoins among others. In an ironic twist, the company called itself the “safest digital currency sportsbook”.
Unlike with a traditional online bookmaker, DirectBet.eu did not require direct deposits. Those with unpaid winnings would have been the most likely impacted in this situation. It was not immediately clear how long players with graded and ungraded winnings wagers were waiting for payments.
From the DirectBet website:
“Send your bets to a designated address and your winnings will be
sent back directly to your wallet. Completely Anonymous.
No questions asked!”
Some have speculated that increasing Bitcoin fees may be to blame for the abrupt shutdown.
DirectBet.eu had built up a solid reputation in recent years as one of the first gambling sites to operate exclusively utilizing a cybercurrency platform. The company also accepted altcoins, one of the few Web betting sites to do so.
Additionally, DirectBet offered a “negotiable odds” feature, which allowed customers to try to convince DirectBet in lowering its odds on specified games.
Even well regarded watchdog sites the likes of OSGA.com gave kudos to what appeared to be the company’s blemish-free reputation:
“DirectBet has never failed to pay a winning bet and gets high marks amongst regular Bitcoin users.”
- Aaron Goldstein, Gambling911.com
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