What They Are and Why Sportmarket Needs Them
To protect your account and comply with legal regulations, Sportmarket may ask you to provide proof of your Source of Funds (SoF) and Source of Wealth (SoW).
These checks are a standard part of our Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) obligations. They help us ensure that all transactions are legitimate and that your funds originate from lawful and transparent sources.
🔍 What’s the Difference Between SoF and SoW?
💸 Source of Funds (SoF)
SoF refers to the exact origin of the money you’re using for transactions with us.
Examples:
Salary or freelance income
Business or loan proceeds
Savings or gambling winnings
It focuses on where the money came from for a specific deposit or transfer.
💼 Source of Wealth (SoW)
SoW looks at your overall financial background = how you accumulated your assets over time.
Examples:
Long-term employment income
Business ownership or investments
Inheritance or family wealth
This gives a broader view of your financial history and asset origin.
✅ What Documents Are Accepted?
📂 Acceptable Documents for Source of Funds:
Payslips or bank statements showing regular income
Loan agreements with matching bank deposits
Savings account records showing accumulated funds
Gambling winnings (statements, tax returns, platform history)
Pension statements or withdrawal confirmations
Inheritance documentation, such as legal wills or court records
📂 Acceptable Documents for Source of Wealth:
Business income: tax returns, company accounts, or payment records
Investments: portfolio summaries, dividend income, transaction history
Family wealth/inheritance: legal documents showing source and ownership
Investor funding: signed agreements or fund transfer confirmations
🤝 Why This Matters
By verifying your SoF and SoW:
✅ You help us protect your account from unauthorized use
✅ We maintain compliance with global financial regulations
✅ You contribute to keeping the betting environment fair and secure for everyone
We truly appreciate your cooperation and are here to help if you need any guidance during the process.