MBet.io® Terms and Conditions

Interpretation

All terms, conditions, rules and policies are of equal weight and equally, without superiority, bind the Player and mbet.io.

  • 'mbet.io Platform' refers to the online facilities that mbet.io maintain;
  • 'Jurisdiction' refers to the physical territory of where a law applies and can be enforced;
  • 'Player' refers to the user of the mbet.io platform;
  • 'mbet.io Terms, Rules and Policies' refers to the mbet.io Terms and Conditions, rules and policies published on the mbet.io website including Responsible Gambling, Privacy Policy, Credit Policy, Dispute Resolution; and

General Information

MBET LIMITED is a company incorporated in Cyprus. mbet.io is the domain name of MBET LIMITED (hereafter mbet.io).

Any person that holds an account or uses the mbet.io platform is termed a 'Player' and will be herein referred to as such.

By using, accessing, registering, placing a wager/bet with mbet.io or any of its platforms in any manner, the Player is considered to have read, understood and accepted these Terms and Conditions, including all mbet.io terms, rules and policies as updated and published on the mbet.io website:

  • Betting Rules;
  • Promotional Terms and Conditions; and
  • mbet.io Responsible Gambling Policy

mbet.io reserves the right to update its policies at any time without notification. It is therefore the Players responsibility to ensure the Player reviews mbet.io terms, rules and/or policies from time to time to ensure you kept up to date with the policies.

If you use any of mbet.io's platforms and/or open a betting account with us, you, must be aged 18 yrs or over.

The Player accepts that by making a bet/wager with mbet.io the Player may incur wins and/or losses as a result of placing such bet/wager and the Player accepts full responsibility for the result of placing such bet/wager

mbet.io takes no responsibility for the inference that can be made from any information given about form of the unit (horse, dog, athlete, etc) as they are an opinion.

Players are encouraged to get as much information as possible to make an informed decision.

mbet.io reserves the right to:

  • Refuse, accept or retain any person as a Player/customer;
  • Provide, continue to provide and/or discontinue any person(s) an account as a Player or otherwise;
  • Suspend, reject, vary, limit and/or cancel a Players account and/or bet/wager where:
    • The person asking for the transfer is not the Player;
    • the account is not being used appropriately;
    • banking institutions error/malfunction;
    • the Player is in breach of the mbet.io terms, rules and/or policies and/or the law;
    • the Player is not 18 or betting/wagering from a prohibited jurisdiction;
    • the Players account did not originally have the sufficient funds to cover the bet/wager;
    • a person or the Player has been abusive or threatening towards mbet.io staff;
    • the Player has not provided appropriate information in a timely fashion as requested by mbet.io; and
    • because of any official order by a court or government body or other statutory authority.

Where any part of these terms are breached or occurs, the Player indemnifies mbet.io against any action and mbet.io reserves the right to:

  • require the Player to cover the costs of any investigation and/or any costs relating to damage suffered by mbet.io and relevant third parties;
  • withhold, delay, restrict in any way and for as long as mbet.io directs, permanently or other, if it is found the Player has breached any of the items made out in these Terms and Conditions.

The Player accepts that all communication is recorded.

The Player accepts that mbet.io accepts no responsibility for and has no control over the content, impact, direction etc. of the links to our website nor links on our website to third party websites.

The Player accepts that they will not change the mbet.io platform in any way, either by creating a link or otherwise on the mbet.io platform without obtaining from mbet.io the prior express written approval.

Mbet.io does not permit more than one Account per person, IP, device or physical address without our express approval. If you have more than one Account (including any Accounts you opened with misspellings or different variations of your username, name, email or general identity) and we reasonably believe that multiple Accounts have been opened or used in breach of these Terms and Conditions, we may close all of your Accounts. Funds in any Account may be frozen by us for as long as it takes us to ascertain whether or not there has been any other breach of the Terms and Conditions. We will be entitled to declare all bets placed under any and all duplicate Account(s) as void and withhold any winning payments.

Nothing in the rules, terms and/or policies restrict or exclude applicable consumer protection laws and regulations and these rules, terms and/or policies made out by mbet.io

Limitation of Liability

The Player completely indemnifies mbet.io from any action against the Player or by the Player arising out of access or use of the mbet.io platform

mbet.io seeks to operate with fairness and equity. mbet.io, to the extent permitted by law, excludes warranties (express or implied) relating to or arising out of the use or access to the mbet.io platform and the Player indemnifies and excludes mbet.io for direct, indirect or consequential expenses, damages, loss(es) or injury suffered by a Player due to mbet.io's rules, policies, operations (negligent or otherwise) or Players use of the mbet.io platform(s).

The Player also indemnifies mbet.io against any action, liability claim, proceeding, action, claim for liability, damage(s), loss(s) or expenses of any kind suffered or incurred by mbet.io, arising from, for or which is directly or indirectly related to:

  • Refusal to remit monies owing to the Player that have been withheld in accordance with these or mbet.io Terms, Rules and/or Policies;
  • Refusal to remit monies owing to the Player that have been withheld because of any official order by a court or government and/or other statutory authority;
  • Any inaccuracy and/or breach of or in any representations, warranties or assurances made by mbet.io or made to mbet.io;
  • Fraudulent misrepresentation;
  • Misrepresentation;
  • Personal injury or death resulting from mbet.io negligence;
  • The Players breach or non-observance of any of the mbet.io terms, rules and/or policies whether or not the Player was aware of them or their updated versions;
  • Any content uploaded to the mbet.io platform; and
  • Any breach, alleged or otherwise, of third party interests, intellectual property or proprietary rights.

Without limiting any other part of this article, Rules and/or Policies, mbet.io reserves the right to suspend, vary, cancel a Players account where:

  • The Player dies;
  • The Player requests such suspension, variation, cancellation; and
  • If mbet.io is required by a relevant Authority.

Nothing in these or mbet.io Terms and Conditions intends to curtail any relevant law that is in place.

mbet.io's liability in respect of any claim shall be limited in amount to the respective bet placed by the Player.

The Player agrees and accepts that all monies paid by the Player to mbet.io will not be held on trust, but will be the property of mbet.io and will be held as a debt due and payable to the Player. The Player accepts that mbet.io may hold such monies together with other monies in any account mbet.io sees fit.

Errors

The Player accepts and indemnifies mbet.io against any mbet.io platform errors, including amongst other things, prices offered or bets accepted on an Account. mbet.io will ensure and take every reasonable effort to ensure that errors do not occur. Should mbet.io find that a Player has suffered damage due to a mbet.io platform error, mbet.io will restore the Players account to the state before the error occurred.

A Player accepts that they will notify mbet.io of any error they believe has led to a bet being under paid or over paid, or of any other error that may occur to their account.

mbet.io reserves the right to recalculate, restore and/or recover any bets/wagers that are paid out above the agreed rate of winnings in respect to the bet/wager made at such a time that such an error comes to the knowledge of mbet.io.

Where mbet.io has underpaid the Player it will debit the unpaid amount to the Players account. Where the Player has been overpaid mbet.io will give the Player notice via an invoice and payment will be required in line with the time limits made out in the invoice.

Should the mbet.io platform erroneously permit bets/wagers to be placed and/or accepted after a betting/waging event has started or completed, mbet.io reserves the right to void the bet/wager that was made and recover winnings that have been paid to the Players account and/or issue the Player with an invoice for the amount.

mbet.io reserves the right, and the Player accepts, for mbet.io to request further documentation where required.

Restricted Jurisdictions

mbet.io does not wish to and shall not accept registration from persons resident in jurisdictions that prohibit you from participating in online sports betting, gambling, gaming, and/or games of skill, for and/or with crypto currency.

By using mbet.io platform(s) the Player agrees that they are not physically present in a prohibited jurisdiction.

mbet.io reserves the right to request proof of residence wherever it is necessary to verify the location of the Player.

mbet.io reserves the right to verify the Player's location as it deems necessary.

mbet.io reserves the right to withhold payment of winnings or withdrawals where they suspect that a Player has breached any term of these conditions until the Players location at the time of taking the bet/wager can be verified.

Under no circumstances does mbet.io take any responsibility for the Player's actions if the Player breaches any law in their jurisdiction due to accessing the mbet.io platform(s).

The following countries (not an exhaustive list) impose restrictions and/or prohibitions regarding online gambling United States of America (and her dependencies, military bases and territories), Australia, United Kingdom.

Player Responsibility and Warranties

Players are responsible for providing true and accurate details (e.g. address, phone number, email, bank details, credit card expirations etc.) to mbet.io and that they notify mbet.io of any detail changes.

The Player agrees to participate in accordance with Anti-money laundering and Counter Terrorism Financing (AML/CTF) legislation.

Players will comply with all mbet.io Terms, Rules and/or Policies as shown on its website under Player Terms.

It is the Players responsibility to ensure that their account passwords and account access are always kept secret and secure.

If the Player loses, misplaces, compromised account access details the Player needs to contact mbet.io as soon as the Player becomes aware of this problem. New access details will be given.

Players must immediately notify mbet.io of any concerns or matters that may lead mbet.io to make a reasonable inference that the Player has impaired ability to make sound decisions about their bets/wagers

Should the Player use a device or device software to retain account access details for access to the mbet.io platform and remain logged in or not, the Player remains solely responsible for any bets/wagers or other transactions made with mbet.io on the basis that the Player has accepted that this is the risk and risk level they accept to have.

If the Player loses their device or device software they must notify mbet.io immediately to inform of the breach and new account access details will be issued.

The Player assures mbet.io that it can afford to make the bets/wagers and indemnifies mbet.io against any action, by the Player or other third party(s), for recovery of such monies whereby the Player has made losses.

The Player will be diligent and do their utmost in preventing third party access to their accounts and access details.

The Player accepts that their account security is their responsibility.

Players agree that they will not breach the mbet.io rules and policies.

Players agreed that they will not try to open an account if they have been previously banned by mbet.io or related Bodies Corporate, or limited by mbet.io.

Players accept that mbet.io will intermittently monitor transactions on all accounts. the Player accepts that if there is an indication the account is being used in contravention to the mbet.io Terms, Rules and/or Policies, that mbet.io will use its discretion in suspend, vary access or permanently close the Players account.

The Player accepts that they can prescribe access to their account or to any of their secure details to another person or entity, provided they provide such details of the elected person/entity so long as it is approved by mbet.io.

The Player agrees that they will treat mbet.io staff and the mbet community with courtesy and politeness whenever communicating with them. The Player accepts that if they are abusive or threatening towards mbet.io staff or the community they may have their account suspended.

The Player accepts that all communication methods will be recorded.

The Player accepts that they will only attempt to make a bet/wager or make a bet/wager whilst the Player does not suffer from a mental impairment or intoxication. The Player accepts that the Player is responsible for all transaction made on the Players account.

The Player accepts that all information he/she provides, whether or not through an agent/other party, is true and accurate.

Player Identification Requirements

Player accepts that all withdrawals that exceed 1 Bitcoin or to the equivilent value of any other cyrypto currency will be required to verify their identity.

Players accept that they will provide accurate information and accept that they may be asked to provide details such as any the following:

  • Current address
  • Date of Birth
  • Email Address
  • Phone Number
  • Car/Truck License Number
  • Passport Details
  • Keypass Details
  • Photographic Evidence
  • Utility Bill
  • Drivers License

mbet.io also reserves the right to use other public information services to confirm a member's identity.

The Player accepts that they may have their account suspended if their information cannot be verified within 90 days of such information being requested.

Deposits/Withdrawals

In relation to deposits and withdrawals of funds into and from your Member Account, you shall only use crypto currencies that are valid and lawfully belong to you;

mBet.io accept and transact in Bitcoin, Litecoin, Dash, Ethereum and MBT only. The details you will need to make your deposits are available on the Website in the My Account and Cashier pages.

mBet.io will not extend credit for the use of our services.

If mbet.io determines, in our sole discretion, that you are using the 'Double Spend' methodology, mbet.io shall void all bets and winnings. Specifically, if you win, then confirm your deposit on the Blockchain and attempt to withdraw, all winnings will be confiscated and your account will be closed permanently. We shall also exercise this right where similar activities are attempted from any connected accounts.

The Player accepts that the Player cannot use the Account as a banking facility. Transfers of money into this account must be made with the intention of making a bet. mbet.io reserves the right to pass on any fees and/or charges it incurs in the transfer process of making repeated transfers that result in no bets/wages being made.

The Player cannot transfer money from one Player account to another Player account.

mbet.io reserves the right to refuse to accept payment regardless of reason, without notice or regard to previous payments being accepted, without prior notice

mbet.io reserves the right to request at any time further identification proof to permit further transfers or bets/wagering to occur.

mbet.io reserves the right to withhold or delay the transfer of the Players winnings from their account where mbet.io believe on a reasonable basis that:

  • The person asking for the transfer is not the Player;
  • The account is not being used appropriately;
  • 'Double Spend' methodology being utilized
  • The Player is in breach of the mbet.io terms, rules and/or policies and/or the law;
  • The Player is not 18 or betting/wagering from a prohibited jurisdiction;
  • The Players account did not originally have the sufficient funds to cover the bet/wager;
  • A person or the Player has been abusive or threatening towards mbet.io staff or the mbet community;
  • The Player has not provided appropriate information in a timely fashion as requested by mbet.io;
  • Because of any official order by a court or government body or other statutory authority

Refund Policy

mbet.io reserves the right to refund the Player where an account has been cancelled/closed/varied due to anything in the General Information section above.

Players can request a withdrawal via their online account.

mbet.io will do their utmost to approve and conduct the withdrawal request within 48 hours of the Player giving the appropriate notice to mbet.io.

Should the withdrawal request be denied, the Player will notified of such a denial.

Should the Player not be satisfied with the reason given for denying a withdrawal/refund/credit the play should email [email protected]

Fraud

The Player accepts that if mbet.io believes that a money transfer is connected to a fraudulent activity, mbet.io reserves the right to request further proof of identification and/or information regarding the transfer

The Player accepts that if mbet.io reasonably believes that a Player is acting fraudulently that it must by law refer such information to the appropriate legal authorities

Placement and the Acceptance of Bets

The Player accepts that mbet.io may at its discretion impose limits on a Players account, refund the balance of the Players Account without providing reasons.

mbet.io reserves the right to suspend, reject, vary, limit and/or cancel a Players account and/or bet/wager in line with the provisions above.

The Player accepts that their bet/wager is accepted once the Player submits the bet and a 'mbet.io bet/wager receipt number' is transmitted from the mbet.io platform.

Severability and Limitation of Actions

Any term in this agreement or part thereof that is unenforceable or illegal may be severed from this agreement in part or in whole and may be adjusted by a court to properly reflect the law and the spirit of the document.

The Player accepts that any legal action against mbet.io must be initiated by the Player within a period of 6 months of the cause of action arising. Where this does not occur the Player accepts that they will waive and abandon any right in law that the Player may have

Problem Gambling

The Player accepts that gambling can have a negative impact upon their life and that they have read and understood the mbet.io Responsible Gambling Code of Conduct

The Player accepts that the Player is responsible for their own gambling habits.

mbet.io is happy to work with any Players that believe they may be losing control of their gambling.

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