Bottom Line: Yes, 1xbet is Fully Licensed in Nigeria
Yes, 1xbet is completely legal and licensed to operate in Nigeria. The platform holds a valid license from the National Lottery Regulatory Commission (NLRC) and has been operating legally in the country since receiving its national license in September 2019.
Understanding 1xbet’s Legal Status in Nigeria
For anyone considering using 1xbet in Nigeria, understanding the platform’s legal standing is crucial. The good news is that 1xbet operates with full regulatory approval, making it one of the most trusted international betting platforms available to Nigerian users.
The National Lottery Regulatory Commission License
1xbet received its national license from the National Lottery Regulatory Commission on September 12, 2019, with license number 0001018. This license allows the platform to offer sports betting services across all states and local government areas in Nigeria without restriction.
The license is valid until 2024, though the company has indicated plans to renew and continue operations in the Nigerian market long-term. This federal-level licensing means Nigerian bettors can use 1xbet with complete confidence in its legal status.
Operating Entity and Corporate Structure
1xbet Nigeria operates through Beaufort Bet Nigeria Limited, which is registered with the Corporate Affairs Commission of Nigeria under registration number 1260761. The company has been conducting business from its registered office at 53 Marina Lagos since November 2015, even before receiving its national sports betting license.
Regulatory Compliance and Standards
The National Lottery Regulatory Commission requires strict compliance standards from licensed operators. 1xbet meets these requirements through several key measures:
Financial Security: 1xbet maintains encrypted and password-protected databases stored within secure networks behind active firewall software, with SSL Version 3 and 128-bit encryption supporting their services.
Responsible Gaming: The platform has implemented spending limits and works closely with regulatory authorities to promote responsible gambling practices. 1xbet has stated its commitment to setting new standards of betting culture in Nigeria and reducing gaming addiction through various platform controls.
Transaction Monitoring: The platform complies with all NLRC transaction limits and financial reporting requirements, ensuring transparency in all betting operations.
Global Licensing Beyond Nigeria
While this article focuses on Nigeria, it’s worth noting that 1xbet operates internationally with multiple licenses. The company is registered and licensed in Curaçao under License Number 1668/JAZ, which serves as its primary international license for operations outside Nigeria.
What This Means for Nigerian Bettors
Having a valid NLRC license provides several important protections for Nigerian users:
- Legal Protection: Users can bet without concerns about legal issues
- Financial Security: Deposits and withdrawals are protected under Nigerian law
- Dispute Resolution: The NLRC provides oversight for any issues that may arise
- Fair Play: Licensed operators must maintain fair odds and transparent operations
Services Available Under the License
The license allows 1xbet to offer a wide range of sports betting markets to Nigerian customers, as well as markets in cinema, music, politics and other areas of life. The platform provides over 60 sports options, live betting, casino games, and various promotional offers specifically tailored for the Nigerian market.
Conclusion
Nigerian bettors can use 1xbet with complete confidence knowing it operates under full legal authorization from the National Lottery Regulatory Commission. The platform’s commitment to regulatory compliance, responsible gaming, and customer protection makes it a safe and legal choice for sports betting in Nigeria. With its license valid until 2024 and strong renewal prospects, 1xbet remains a reliable long-term option for Nigerian sports betting enthusiasts.
