1xBet Gets a Sports Betting Licence in Nigeria

Early this year an internationally famous online sportsbook 1xBet.com received a license allowing them to provide sports betting services to Nigerian Punters. What does this mean or the Nigerian gambling market? Well read on and find out.

IGaming made a report on this event which notes that the African nation’s Regulatory Commission of Lottery’s regulator graced the event by issuing the 5-year contract to 1xBet Company. The license allows the operator to provide sports wagering services in every single state within the Nigerian territory.

Nigeria is one of the densely populated nations in Africa. This means that the gambling proportion of the citizenry is large as well. Some of the gambling hotspots in the country include cities like Kano, Abuja which is the nation’s capital city, and Lagos. Ideal to any large city, these cities are densely populated and home to large numbers of youths who are the majority of the gamblers.

Why Nigeria and the sports book’s ambitions for the country?

As mentioned earlier, Nigeria is one of the densely populated in Africa. Additionally, this country has a high fan base for sports lovers. This means that 1xBet.com which is a sports betting company is at the advantage of reaping great profits from the wide market. 1xBet.com is popular for responsible and transparent gambling. This means that the company has a chance to harness the untapped potential by bridging the gaps that exist in the sports betting sector in the country’s gambling industry.

We know that Nigeria is a great football nation. This is evident in the country’s participation in major international football matches, and famous local leagues such as the NPL (Nigerian Premier League). Football popularity in the country is a resourceful target by the company.
1xBet intends to instil discipline in gambling by setting betting limits and other standards. Betting limits are meant to prevent the possibility of gamblers developing problem gambling as a result of excessive uncontrolled betting. The sportsbook also hopes to create a gambling culture embedded in simple and straight forward rules. This sounds promising right? Let’s take a step back and learn about the history of this company.

Who exactly is 1xBet.com?

1xBet.com is an international sports bookmaker. 1xBet is a bookmaker licensed under Curacao and operates all over the globe. For this reason, this bookmaker offers services available in various languages to cater for its global customers. Some of the languages include Indian, English, Latin American, Japanese, German, French, Korean, Spanish, Hebrew, Arabic, and Russian, which is the original language.

Currencies acceptable include the USD, EUR, KES, RUB, CHF, INR, GBP, XAF, CAD, JPY, EGP, NOK, PYG, BTC, SGD, amongst other more than 50 currencies from various parts of the world. Basically, there is a currency for almost every country or region that the bookmaker operates in. Be sure to check currency options available for you.

As diverse as the type of currencies accepted are the transactions supported by the 1xBet website. This transactions for both deposit and withdrawals involve the various forms of currency accepted. You could use your cash or cryptocurrencies. Some of these transactions include MasterCard, OK Pay, Skrill, Visa, Ethereum Classic, Bitcoin, Litecoin, Bitcoin Gold, Ethereum, Bitcoin, Bank Transactions, ecoPayz amongst others.

There are various limits set as maximums bets. These limits vary depending on the specific sport you are wagering on. 1xBet is not only available for football/soccer punters but also numerous other sports such as basketball, baseball, volleyball to mention just a few. This means that you as a punter are well taken care of.

Did you know 1xBet offers not only odds for international matches but also your favourite local match? I thought you should know. This means that whether the season for your La Liga, EPL, or EUFA championship is on or offseason, you get to get entertained while winning cash prizes wagering on your local teams.

Nigeria can now get ready to experience a new dawn of improved and responsible sports gambling. You don’t want to miss on the incredible casino games, virtual sports, live betting, Bingo, Live Casino and Sportsbook offered by this world-class bookmaker. As said earlier there is something for everyone.

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