6.5 A Member who meets or exceeds the Thresholds (as defined below) may be charged one or a combination of the MB Rates which only apply to the Exchange and they are as follows:
Commission rate up to 3.5% per bet (“Transactional Rate”); or
Commission rate up to 5% of Gross Profit per market (“Market Commission Rate”); and/or
Revenue share commission rate up to 60% of Net Profits per calendar month (“Revenue Share”).
(which shall severally and jointly be referred to as the “MB Rates”).
6.6 The thresholds are as follows:
$1,000,000 (one million US Dollars) of Betting Volume; and/or
$20,000 (twenty thousand US Dollars) of Betting Profits
(which shall severally and jointly be referred to as the “Thresholds”).
Matchbook exchange - Breaking news
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Their 'revenue share' of 60% of your profits after winning $20,000 should have been enough to put off most serious traders.
Gambling Commission report on Matchbook.
Money laundering/Due diligence issues/social responsibility issues
http://www.gamblingcommission.gov.uk/ne ... ts-licence
Money laundering/Due diligence issues/social responsibility issues
http://www.gamblingcommission.gov.uk/ne ... ts-licence
Wow that makes for an interesting read!megarain wrote: ↑Sat Apr 11, 2020 7:27 amGambling Commission report on Matchbook.
Money laundering/Due diligence issues/social responsibility issues
http://www.gamblingcommission.gov.uk/ne ... ts-licence
Gambling Commission lifted restrictions.
They back.
They back.