The NLA notified 1xBet of its severe breaches of Gaming Regulation 001, warning the company to cease operations immediately. This notice ordered the shutdown of the gaming company’s online platform and mandated the removal of all billboards and radio advertisements promoting their services.
Ignoring this directive, Lipay (1xBet) has reportedly found new ways to bypass the regulatory framework established by Liberian authorities, continuing to operate its online platforms. Recent investigations by FrontPageAfrica have revealed that Lipay Bet (1xBet) is also promoting and operating slot gaming on its online platforms without acquiring the license, violating national gaming laws.
Additionally, the company is allegedly using Orange Money to facilitate customer deposits. This action has raised significant concerns among regulators, particularly since 1xBet continues to operate without paying customers their winnings, which violates both consumer rights and the NLA’s regulations.
Following these breaches, FrontPageAfrica attempted to contact NLA Director General Reginald Nagbe for clarification but received no response.
Global Controversies and Money Laundering Allegations
The questionable practices of 1xBet extend beyond Liberia. The company has faced allegations of money laundering and other financial controversies, significantly damaging its reputation.
Reports suggest that 1xBet may be acting as a front for illicit financial activities and possibly has connections to organized crime. These concerns are exacerbated by the company’s ongoing operations in countries where its legality is disputed, making it a target for international regulatory bodies.
Internal Conflicts and Office Closures
Currently, 1xBet’s office on Broad Street is closed due to internal conflicts among shareholders, some of whom claim they have not been fairly compensated for their investments in the company. It is unclear when these internal issues will be resolved.
