5Dimes is an offshore sportsbook operator that is based in Costa Rica. For years, they have provided services to players around the world, including in the United States. As of recently, the brand announced that they will stop taking bets from players in the US starting on September 21. The move is considered by analysts to be a sign that the company is looking to enter the sports betting market in the US in a legitimate way.
In an announcement, 5Dims stated they are excited about starting a new business venture. The brand pointed out the evolving legal landscape in the US and how they want to take advantage of the opportunity to provide an improved online sports betting experience to their customers in the nation.
To do this, 5Dimes must suspend services to the market temporarily. They will then launch new operations and have a fresh start in the country. Betting will stop on September 21 and players have until September 25 to remove their funds. Any funds that remain will be placed with a third-party administrator who will try to give them back to players.
The brand stated further that they are sorry for any inconvenience this may cause. They want to tell everyone of their future plans but for now they just want players to stay tuned and they will be rewarded for their loyalty with an ‘extraordinary gaming experiences’ in the future.
With the temporary withdrawal of the company from the US market, it is really anyone’s guess as to what they are going to do to be able to provide services in the US in a ‘legitimate’ way. To be licensed in the country, 5Dimes will need to apply on a state by state basis. It is unclear if this process has begun and if so, which states the brand is moving into first.