Bitcoin Sportsbook BetVIP.com Shuts Down

Written by :

Aaron Goldstein

Published on :

15 June, 2015

A Bitcoin-only online sportsbook, BetVIP.com, has closed its doors this week citing financial issues. While the company claims players will receive all funds owed to them, that remains to be seen.

The following notice appeared on the BetVIP.com website

The shareholders of BetVIP have decided to suspend trading of the business as of Friday 12th June. Due to the early nature of Bitcoin sports betting and an increasingly restrictive legal environment, BetVIP was unable to reach a viable revenue in order to make it feasible to continue operating the business going forward.

All withdrawal requests will be honoured and paid. Please lodge your request to info@betvip.com with subject ‘Withdrawal Request’. Please lodge your withdrawal request before 28 of June 2015 and any payments will be authorised at the latest by 30 June 2015.

In recent months, Bitcoin-only sportsbooks have had some degree of difficulty staying afloat as more established companies the likes of Bookmaker, BetOnline and – more recently – BetPhoenix, begin adapting Bitcoin platforms.

- Aaron Goldstein, Gambling911.com

SpinBlitz Sweepstakes Casino Reviews August 2026

SpinBlitz was previously known as Scratchful before rebranding in 2024.

LeBron James’ Next Team Speculation is Driving Huge Action at Prediction Markets

LeBron James Next Team betting markets have so far generated over $200 million just on Kalshi.

Trial Continues for One Time Exec of Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Trial Continues for One Time Exec Tied to Malta's BestPlay Gaming Ltd Charged With Complicity in Journalist Assassination

Businessman Yorgen Fenech who once had ties to Malta's BestPlay Gaming Ltd is on trial accused of complicity in journalist Daphne Caruana Galizia voluntary homicide and criminal association.

Can't Play With Kalshi From Washington State - WTF?

Judge John McHale of the King County Superior Court said the state showed "a likelihood of actual and substantial injury to Washington consumers from illegal gambling activities" if no injunction (against Kalshi) were issued.