status
Canbet is licensed in the UK and the UK regulators are quite happy to let bookies go to the well although there has not been a bust now for about 2 years that I know of - since Netbetsports.
However, I believe it is still the case that Canbet is a 100% subsidiary of International All Sports, the Mark Read operation a.k.a Betaustralia. This is a pretty solid book and their regulator is Australian which requires all client funds to be in segregated escrow.
So it would be interesting to see whether the 2 concerned regulators would walk away from a Canbet bust in which IAS was seeking to wash its hands of making good client funds. But the chances of this happening are very remote, this is a safer place for your cash than any book based in the Carribean or Gibraltar other than the fully quoted PLC books which have servers in those locations.