Terms and Conditions
A thorough structure controlling the usage of SBK‘s sports betting platform is provided by their Terms and Conditions. A thorough synopsis of the main sections is provided below:
1. Overview
- Operator Details: Smarkets (Malta) Limited, a UK-registered subsidiary of Smarkets Limited, runs SBK. 1 Commodity Quay, St Katharine Docks, London, E1W 1AZ, UK is the company’s registered address.
- Smarkets (Malta) Limited is licensed by the UK Gambling Commission (License Number: 000-039173-R-319366-002) and the Malta Gaming Authority (License Number: MGA/CRP/162/2008). Operations for clients inside and outside the UK are governed by these licenses, respectively.
2. Rules for Accounts
- Users must not live in any of the following countries: Australia, France, Hong Kong, Switzerland, China, South Africa, Denmark, Czech Republic, Belgium, Turkey, Italy, Portugal, Russia, Belarus, Ukraine, Kazakhstan, Norway, and the Netherlands. Users must also be at least eighteen years old.
- Usage of Accounts: Users promise not to use funds without authorization, act on behalf of third parties, or commit crimes.
- Single Account Policy: Only one account may be opened and kept by a single person, and it cannot be shared with anybody else.
3. Dormant and Inactive Accounts
- Inactive Accounts: After a year without any login activity, an account is considered inactive. A $5 monthly administration fee may be applied to these accounts, and the user will be informed in advance.
- Dormant Accounts: Accounts are deemed dormant after three years of inactivity. Funds in dormant accounts may be deemed abandoned and reported to the appropriate authorities in compliance with current legislation.
4. Rules for Betting
- General Betting Guidelines: SBK works to provide safe and equitable betting. Official outcomes from governing authorities are used to settle bets. SBK retains the discretion to postpone settlement until the decision is known in circumstances of uncertainty.
- Sport-Specific Regulations: There may be extra regulations for particular sports. For instance, unless otherwise specified, soccer wagers normally cover the whole 90 minutes of play, omitting extra time or penalty shootouts.
5. Terms Changes
- The Terms and Conditions may be changed at any moment by SBK. When there are major changes, users will be informed and given the choice to either accept the new terms or stop using the services.
6. Resolution of Conflicts
- Users and SBK agree that any disagreements will be settled individually through arbitration, with no right to a jury trial or class action participation.
7. Affiliates
- With regard to commission structures, payment schedules, and qualifying requirements, SBK provides an affiliate program with particular stipulations. In order to keep their position, affiliates are obliged to abide by all specified requirements.
8. Responsible Gambling
- As part of its mission to encourage responsible gaming, SBK offers consumers tools and materials to assist them control their wagering.
9. Details of Contact
- SBK’s customer service can be reached via phone, email, or live chat if users have any queries or need any clarifications about the terms and conditions.
The most recent and comprehensive Terms and Conditions can be found on SBK’s official website.
