Tether.bet Shuts Down and Redirects Users to Another Gambling Platform
Montenegro.- 18 August 2026 | www.zonadeazar.com Tether.bet has permanently closed its website and ceased operations, bringing an end to a platform known for offering high-stakes betting and online casino products.
Visitors to the domain are now met with a notice confirming that the website has been permanently closed and that no further services or activities will be conducted through it.
Permanent Closure
The company confirmed that the Tether.bet brand is no longer operating.
Customers who still hold balances have been instructed to contact support via email in order to address their outstanding funds.
The shutdown affects both the sportsbook and casino products previously available through the platform.
Redirect to NNVIP88
Alongside the closure notice, the website displays a promotional link directing users to a separate platform called NNVIP88.
The destination carries Philippines branding and offers products including:
- Casino.
- Slots.
- Sports betting.
- Esports.
- Sabong.
The presence of sabong, traditional Filipino cockfighting, is notable given existing restrictions in the Philippines surrounding certain forms of online betting linked to the activity.
No Connection to Tether Limited
Despite its name, Tether.bet has no association with Tether Limited, the company behind the USDT stablecoin.
The similarity in naming had attracted additional attention in the UK because of separate public stories involving figures financially or politically connected to Nigel Farage.
The two businesses are nevertheless unrelated.
Scrutiny Around George Cottrell
The closure follows increased public attention around Tether.bet due to reports regarding its alleged use by George Cottrell, a prominent supporter of Nigel Farage.
Cottrell has been referenced in several reports and legal proceedings concerning high-stakes betting activity and offshore bookmakers.
A 2026 High Court claim alleged that he acted as an intermediary for VIP bettors, facilitating wagers with offshore operators that could offer better odds and apply different levels of financial scrutiny than UK Gambling Commission-licensed bookmakers.
Subsequent reporting identified Tether.bet as one of the platforms allegedly used for some of this activity.
No Evidence Closure Is Linked
There is no evidence that scrutiny involving Cottrell, his political connections or investigations into his betting activity caused Tether.bet to shut down.
The company has also not publicly provided a specific reason for ending operations.
Any connection between the two developments therefore remains unproven.
Industry Context
The case once again highlights the role of offshore platforms in high-stakes betting.
Such operators can attract customers seeking higher limits, different pricing or commercial conditions not always available through tightly regulated domestic markets.
At the same time, they can raise questions around player protection, financial controls, licensing and the recovery of customer funds when a platform ceases trading.
Next Steps or Impact
The immediate priority will be the handling and return of funds belonging to customers who still maintain balances with Tether.bet.
The redirect to a separate gambling platform also raises questions around the commercial arrangements behind the closure and any relationship between the two brands.
The case may maintain regulatory and industry attention on the use of offshore betting platforms by high-value customers and the oversight of such activity from regulated markets including the UK.
Editó: @fonta
