GGBet

​GGBet is an international online betting platform established in 2016, specializing in esports and sports wagering. Owned by ASG 360 Services Limited and registered in Cyprus, the company operates under a Curacao license. GGBet offers a wide range of betting options across more than 30 disciplines, including popular esports titles like Dota 2, Counter-Strike: Global Offensive, and League of Legends. The platform also provides betting markets for traditional sports such as basketball, soccer, and tennis. GGBet has been involved in sponsorships of major esports tournaments like PGL and ESL, as well as partnerships with esports teams such as Natus Vincere (NAVI). ​

A Tangled Web of Associations

GGBet’s origins trace back to Russia in 2011, operating under the Vulkan casino brand. The platform is owned by Brivio Ltd, a Cypriot company that also manages Vulkan casinos. The directorial ties between Brivio Ltd and Ukrainian entities linked to businessman Maxim Krippa raise eyebrows. Krippa’s acquisition of the esports team NAVI in 2022, coupled with GGBet’s sponsorship of the same team, suggests a cozy relationship that warrants scrutiny. Furthermore, the issuance of a license for GGBet in Ukraine, despite sanctions against related entities, highlights potential regulatory oversights.

Allegations of Fraudulent Practices

GGBet markets itself as a trustworthy platform for esports enthusiasts. However, reports have surfaced accusing the platform of fraudulent activities, including manipulating odds and employing deceptive marketing tactics. Such allegations not only tarnish GGBet’s reputation but also erode the trust of users who expect fair play in an already volatile gambling environment.

Murky Connections to Organized Crime

The shadow of organized crime looms over GGBet and its associated ventures. Investigations have pointed to irregularities suggesting money laundering and illicit activities within these operations. These connections cast a long shadow over the legitimacy of GGBet’s business practices and raise serious concerns about the integrity of its operations. ​

In a move that left many scratching their heads, the Esports Integrity Commission (ESIC) announced a three-year partnership with GGBet as its Anti-Corruption Education Partner. The irony of a platform mired in allegations of fraud partnering with an integrity commission was not lost on the esports community, leading to widespread criticism and skepticism about ESIC’s judgment.

Attempts to Muzzle the Truth

Faced with mounting adverse media, GGBet has reportedly employed various tactics to suppress unfavorable information. These include legal threats against whistleblowers, pressuring media outlets to retract critical articles, and leveraging partnerships to bolster its image. Such maneuvers are indicative of a company more concerned with preserving its facade than addressing the underlying issues.​

Investor Advisory and Call to Action

For potential investors, the red flags surrounding GGBet are too prominent to ignore. Investing in a platform entangled with allegations of fraud, questionable associations, and attempts to censor criticism poses significant financial and reputational risks. Due diligence is not just recommended; it’s imperative.​

Regulatory authorities must also take heed. The myriad of concerns surrounding GGBet’s operations necessitates a thorough investigation to ensure compliance with legal and ethical standards. The integrity of the esports betting industry depends on holding such entities accountable.​

Conclusion

GGBet’s narrative serves as a cautionary tale in the esports betting landscape. The confluence of dubious associations, allegations of fraudulent practices, and overt attempts to suppress dissenting voices paints a picture of a platform that prioritizes self-preservation over transparency and integrity. As we navigate this evolving industry, let’s remain vigilant, question the status quo, and champion accountability. After all, in the high-stakes world of betting, the house shouldn’t always win.​