Sports betting platform, MSport, which touts itself as the “Best Online Sports Betting and Live Betting Odds in Nigeria,” has been allegedly accused of fraudulently refusing to pay off its customers’ winnings in Nigeria.
Nigerians affected by this took to Twitter on Friday to express their using the hashtag: #MsportScam.
This comes on the backdrop of a series of allegations that have trailed online investment platforms in Nigeria and how the default in paying customers their due, notably, the recent crash of a sports investment platform, 86FB.
Some users claim that the gambling platform has refused to pay them their winnings, but instead issue conditions that must be fulfilled.
Users warned that there need to be better sports betting regulations in Nigeria to prevent cases of fraud and refusal to pay out by gaming companies. @sportingking365 said, “There’s absolutely zero regulations for bookies in Africa. All they want to do is take. take and take. It’s sad.”
“It was written boldly ‘including extra winnings’, but they marked @Ekitipikin game as loss AND refunded stakes. How’s it a loss? Do you even refund loss stakes? #MsportScam
@surecr7 warned, “Let the world know @MSportOfficial is a scam betting platform. Let the world know that they don’t pay winning slips”
Others warned that if the refusal to pay out winnings is not fixed, they will leave the sports betting platform. As @betgains said, “If Msport doesn’t rectify this, they should bid bye-bye because nobody is playing with them anymore”.
MSport, which also partners with top German football club, Borussia Dortmund, is yet to offer a statement about the allegations.
A report by Journalist in 2020, revealed that Nigerians invest heavily in sports betting, with an estimated N730 billion spent annually on gambling activities in the country.