Esports Betting Site Fanobet, Licensed By Curacao, Reportedly Not Processing Some Withdrawals

Written By Dustin Gouker on September 11, 2017 - Last Updated on January 22, 2018

[toc]Esports betting site Fanobet — which used to take deposits via skins — is apparently in the process of shutting down and not processing some users’ withdrawals.

The problems with the site come despite the fact that it claims to hold a gaming license from the Caribbean nation of Curacao. That license appears to be active.

The backstory on Fanobet

Once a site that functioned as a skin betting sportsbook, Fanobet was one of the targets of cease and desist letters from game publisher Valve in 2016. It had already pulled out of the United States as of March of last year.

In order to attempt to comply with Valve, it said would convert the value of all skins to bitcoin. Now, however, some users are claiming that attempts to withdraw are simply zeroing out accounts when the conversion takes place. How users still have skins on deposit, when the site was supposed to have made the conversion already, is not clear.

Fanobet geoblocking everyone?

At least one user is allegedly attempting to take legal action against the site and the gaming regulator, according to a thread on Reddit. Currently, the site is not offering wagering at all:

Fanobet screenshot

Apparently, Fanobet has also blacklisted all country IP ranges. That even includes ones outside the list of blocked countries on its site.

Fanobet was once a sponsor of the esports team Mousesports, but it no longer appears as such on the website.

Esports Betting Report has made inquiries to Fanobet and gaming regulators in Curacao. Contacting Fanobet via the site’s online chat function did result in talking to a live person. However, ESBR was simply referred to the site’s support email.

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Dustin Gouker

Dustin Gouker has been a sports journalist for more than 15 years, working as a reporter, editor and designer -- including stops at The Washington Post and the D.C. Examiner. You can also find his work at Legal Sports Report.

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