Overview of 1Win’s Legal Status in Nigeria
1Win is an international online betting platform that operates in Nigeria under a Curaçao eGaming license (License No. 8048/JAZ 2018-040). While this license permits 1Win to offer its services globally, including in Nigeria, it’s important to note that it is not issued by Nigerian regulatory authorities. Therefore, while 1Win operates legally under international law, it does not hold a local Nigerian license.
Recent developments in Nigeria’s legal framework have further complicated the landscape. In late 2024, the Nigerian Supreme Court ruled that the regulation of gambling activities falls under the jurisdiction of individual states rather than the federal government. This decision effectively nullified the National Lottery Act’s authority over nationwide gambling regulation. As a result, each state now has the power to issue its own gambling licenses, leading to a more fragmented regulatory environment.
Security Measures and Responsible Gaming
1Win employs robust security protocols to protect user data and ensure fair play. The platform utilizes 256-bit SSL encryption to safeguard personal and financial information during transactions. Additionally, 1Win partners with certified software providers to maintain game integrity and fairness.
In terms of responsible gaming, 1Win has implemented measures to help users manage their gambling activities. These include self-exclusion options, betting limits, and access to support resources for individuals who may be experiencing gambling-related issues.
Tax Implications for Nigerian Players
Starting January 1, 2025, the Nigerian Federal Government introduced a withholding tax on gaming winnings. Under the new regulations, residents are subject to a 5% tax on their winnings, while non-residents face a 15% tax rate. These taxes are deducted at the source, meaning operators are responsible for withholding the appropriate amount before disbursing winnings to players.
It’s important to note that while 1Win operates under an international license, the enforcement of these tax regulations may vary depending on the operator’s compliance with Nigerian tax authorities. Players should consult with local tax professionals to understand their obligations fully.
Wiki Data Table: 1Win Nigeria Overview
| Feature | Details |
|---|---|
| Company Name | 1Win |
| Founded | 2016 |
| Ownership | MFI Investments Ltd |
| Headquarters | Curaçao |
| License | Curaçao eGaming License No. 8048/JAZ 2018-040 |
| Services Offered | Sports Betting, Online Casino, Live Games, Poker |
| Mobile Compatibility | Android, iOS |
| Payment Methods | Bank Transfer, USSD, Mobile Money, Cryptocurrency |
| Minimum Deposit | ₦100 |
| Maximum Deposit | ₦4,000,000 |
| Welcome Bonus | 500% on first four deposits |
| Customer Support | Live Chat, Email, Phone Support |
| Languages Supported | English, French, Chinese, Hindi, German, and more |
Conclusion
1Win operates legally in Nigeria under an international license and offers a secure platform for online betting and gaming. However, the absence of a local Nigerian license means that players should exercise caution and be aware of the potential risks, including limited recourse in the event of disputes. Additionally, the new tax regulations introduced in 2025 impose a withholding tax on gaming winnings, which players should consider when engaging with platforms like 1Win. As the regulatory landscape in Nigeria continues to evolve, staying informed about local laws and regulations is essential for responsible and compliant gaming.