A listener to Poker Fraud Alert Radio has alerted me to the fact that Bovada has scammed them out of an $87k payout, regarding a very straightforward bet about TikTok being banned in the US sometime in 2025.
I have been in contact with this person for weeks, and can verify that this has indeed occurred, and there are no shenanigans involved, except on Bovada's side.
This player is considered a "VIP" because they bet large amounts on Bovada. For this reason, they were assigned a personal host to help handle their issues, but the host has been unable to get this resolved.
Despite the fact that TikTok was clearly banned on January 18, 2025, for a period of 13 hours, Bovada is refusing to pay this bet! Instead, the bet is listed as "pending", because 2025 isn't over yet. However, Bovada is illegally, greedily, and erroneously stating that the TikTok ban on 1/18/25 "doesn't count", and this bet will LOSE if TikTok does not get banned again during the calendar year.
Does that mean that people on the other side of this bet got (unfairly) saved a loss? No! This bet only allowed a "YES" side, meaning that you're betting directly against Bovada when you take it. Therefore, it is tremendously in Bovada's interest to find any reason to grade the bet a "NO", and win all of the money bet!
I'll go over the entire story, provide evidence, and show you the trail of communication where Bovada has completely shut down this person, and is refusing to pay $87k rightfully owed them.
The TikTok Bet
On January 15, 2025, this VIP player took a look at the "Novelty & Entertainment Specials" page, where you can bet YES on various events you think will occur at any time in calendar year 2025.
As I stated above, you CANNOT take the "NO" side to this bet. You can only bet YES, which means you are betting directly against Bovada.
This player noticed a +250 line on "TikTok To Be Banned in the US in 2025". This was indeed an excellent value bet, as TikTok had already been given a deadline of January 19 to get out of the US market, sell the company, or face consequences. While President-elect Donald Trump had expressed the desire to give TikTok a chance, the January 19 deadline was a day before Trump would take office, and therefore Trump would not have the power to stop it until January 20.
Given that this bet was great value, the player bet almost $25k on TikTok getting banned in the US in 2025. The bet would win them over $62k (plus their $25k back), for a total of $87k in their account if they were to win.
The bet screen is shown below. Note the 1/15/25 date on the left, and note the bet itself on the right. Also notice near the top left the full name of the bet. The bet reference number was redacted by me. Also note at the top left, the category for the bet is "To Happen in 2025". This means that the TikTok ban merely needed to "happen", not stay in place! There were no other terms posted for the bet, anywhere on the site.
So what happened from here?
Read on to learn about a disgusting tale of Bovada outright CHEATING their VIP customer out of $87k, refusing to pay out a clearly winning bet....