We have read it in many places that Nairabet is the pioneer sports betting company in Nigeria. We know pools king about sports betting. How true is this claim that Nairabet is the first? Let us analyze.
If our sources are correct, Nairabet started operations in 2009. Does that mean that no one else ran sports betting operations in Nigeria before then? That sounds far fetched because as far back as around year 2000, there was a betting company called “baba Germany” around ebute metta area of Lagos and it was offering betting services. We also heard that in some selected places like major hotels, sports betting was run alongside casinos in Lagos and Abuja.
We can say that Nairabet is not the first company to offer sports betting services in Nigeria. If this is true, where did the claim that they are the first come from? It has to be because of these two reasons.
Nairabet is the first company to come up with a fully functional website. That is a website where you can actually deposit money, place bets and make a withdrawal. There was none before them.
Nairabet is the first sports betting company to get legalized and regulated. Before they came on board, the industry was unregulated. The Lagos state lotteries board is the first regulatory agency to develop a framework for regulating sports betting in Nigeria and Nairabet is their first operator.
In conclusion, Nairabet is the first sports legal sports betting company in Nigeria and the first to come up with a fully functional website. This brings back the question: Is Nairabet really the first sports betting company in Nigeria?