The Cyprus-based online bookmaker 1xBet has secured a National Licence to operate in Nigeria from the local National Lottery Regulatory Commission.
The licence, which expires in 2025, strengthens the African presence for the company, a long-term supporter of Nigerian football and an official sponsor of the Confédération Africaine de Football (CAF).
Now, 1xBet will be able to operate its sports betting brand in every state across Nigeria. The company already operates in Ghana, Senegal, Uganda, DR Congo, Cameroon, Zambia and Burundi.
“We are well aware of Nigeria’s position as a renowned football-focused market. In 2018 we signed a partnership agreement with the Nigeria Football Federation, the Nigeria national football team, as well as the Nigerian Premier League,” stated the company.
“Therefore, we not only offer Nigerian fans a wide range of betting options, but also a sense of involvement in the victories of their favourite teams. Football fans can be sure of 1xBet, where they always have a winning chance alongside their favourite clubs,” added in the statement.
The bookmaker also said that it wanted to “teach” its customers that they need to comply with certain rules while betting on the 1xBet website. This includes complying with the daily transaction limits introduced by financial authorities in the country.
“1xBet is a supporter of responsible betting. We comply with the laws of each country in which we operate. Given that our licence to work in Nigeria is valid until 2024, in the next five years we want to set new standards of betting culture. We will teach fans that with 1xBet they play according to simple and understandable rules that must be observed” read the statement.Follow us on