Collusion can occur when two or more accounts on the Exchange collude with each other on a particular market in order to deliberately transfer funds from one account to another using unrealistic pricing or market conditions.
Betting or market collusion can adversely affect genuine customers who may, in a rare circumstance, inadvertently match bets with a colluding account. However, BETDAQ have developed many systems and procedures to deter, prevent and detect collusion and we can quickly and accurately determine those bets that are likely matched as a result of collusion. As a result, BETDAQ reserve the right to suspend all accounts suspected of being involved in a collusive action and may remove the funds of any account found to be engaged in collusion.
BETDAQ also will endeavour to restore the funds of any customer found to be matching bets with colluding accounts but whom were found not to be a party to the collusion. The value of such restitution is capped to the value of funds recovered by the colluding accounts.
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