Asianconnect88 cuts ties with Betfair site

Online sports betting brokerage Asianconnect88 closed its business with a website connected to Betfair following a recent investigation by the ‘Financial Times’ into anonymous funds flowing on to the platform.

Asianconnect88 offered bettors access to Betfair – the peer-to-peer gambling exchange – through accounts opened on 9wickets.com, a clone site of Betfair. As reported by the ‘Financial Times’, 9wickets.com and similar websites share Betfair’s programming interface, which enables them to replicate the betting exchange’s odds and liquidity pool.

The newspaper revealed that 9wickets accounts opened through Asianconnect88 offered a backdoor into Betfair to avoid the otherwise required customer identity checks as well as checks of customers’ source of funds. Asianconnect is one of a number of affiliate agent sites funnelling money on to the Betfair exchange without checks on identity or the source of funds.

Following the article, the gambling agency sent an email to customers on last Friday that it would no longer broker accounts with 9wickets.com and that all relevant accounts would be suspended from July 6.

Betfair is part of Flutter Entertainment, which was Paddy Power Betfair until recently and was formed through the merger of Paddy Power and Betfair in 2016.

Asianconnect88 is licensed in Curaçao, but the local Gaming Control Board has not responded to the newspaper’s request for comment on the recent investigation.

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