5.2/10★★☆☆☆Editorial scoreHow we rate →

A large-scale crypto sportsbook (Yolo Group) with a seriously low Trustpilot score and real uncertainty about the group's future

Not available lawfully here

Is Sportsbet.io legal in India?

No. Real-money gambling is banned in India. Under the Promotion and Regulation of Online Gaming Act 2025 (PROGA), in force since 1 October 2025, Sportsbet.io cannot lawfully offer you a welcome bonus here, and you cannot lawfully claim one.

PROGA bans all real-money gaming nationwide and criminalises its operation, promotion and financial facilitation. Banks, UPI and card networks are barred from processing money-gaming transactions, and by 28 March 2026 the government had blocked or actioned 8,376 betting and gambling URLs. source

Any Sportsbet.io bonus you see advertised for India is offered from an offshore site operating against local law. Your payments can be blocked, your account can vanish with a mirror domain, and no India regulator can help you recover funds. We therefore show no offer and no sign-up link on this page. See every licensed betting site in India →

Pros

  • Genuinely large-scale, established crypto sportsbook since 2016 (AU$5bn+ monthly turnover)
  • Wide cryptocurrency and fiat payment support
  • Clubhouse loyalty program with real odds boosts for active players
  • Genuine Curacao eGaming licence on file

Cons

  • Trustpilot seriously LOW (1.2/5, 275 reviews) — a significant, statistically meaningful red flag
  • Strong, recurring pattern of accounts blocked and funds confiscated specifically after winning
  • Reports of KYC verification demanded only at withdrawal time, then repeated unnecessarily
  • Material uncertainty: founder reportedly considering shutting down or selling the entire Yolo Group (late 2025)
  • No top-tier (UKGC/MGA) licence — Curacao only
  • The Curacao credential recorded for this brand comes from the master/sub-licence system abolished on 1 January 2025 - check for a current direct licence on the Curacao Gaming Authority register

Our verdict

Sportsbet.io is a genuinely large-scale crypto sportsbook founded in 2016 by Timothy Heath, part of Coingaming/Yolo Group (also behind Bitcasino.io), with an estimated monthly turnover exceeding AU$5 billion. Despite this real scale, this is one of the more seriously cautionary reviews in this dataset: Trustpilot sits at a LOW 1.2/5 from 275 reviews, with a strong, recurring pattern of accounts blocked and funds confiscated specifically after winning, plus reports that identity verification is demanded only at withdrawal time and then repeated unnecessarily. On top of this, industry press reported in late 2025 that founder Timothy Heath was considering shutting down or selling the entire group amid new pressure on Curacao's regulatory model — a real, material uncertainty about the operator's future, not routine speculation. Given the combination of a seriously low trust score and genuine business-continuity uncertainty, approach Sportsbet.io with real caution regardless of its scale and history.

How we rated it

Sportsbook & casino (25%)7.3

Large, established crypto sportsbook and casino with genuinely significant scale (AU$5bn+ monthly turnover), covering major sports leagues with BTC/ETH/LTC and 11 fiat currencies.

Mobile & UX (10%)7

Established, well-built platform reflecting the group's genuine scale and crypto-native infrastructure.

Bonuses & value (15%)6.5

No classic welcome bonus — instead runs a Clubhouse loyalty program and odds boosts for active players, plus a real 100% first-deposit crypto offer up to 300 USDT in some markets like India.

Trust & licensing (20%)4

Genuine Curacao eGaming licence (1668/JAZ), but no top-tier regulation, undercut by the seriously low Trustpilot score and — materially — reports that the founder was considering shutting down or selling the entire Yolo Group as of late 2025, a real uncertainty for the operator's future. Context on the licence rather than the operator: the Curacao credential recorded here comes from the master/sub-licence system abolished on 1 January 2025 under the LOK. That is a change in the jurisdiction, not a finding against this brand, so it does not move the score - but it does mean a "Curacao licensed" claim should be re-checked against the Curacao Gaming Authority register rather than taken from a footer. b2c 160129 december 24, 2025 n/a indefinite 586. ogl/2024/112/0974 fortuna games n.v. b2c 162413 december 24, 2025 n/a indefinite 587. ogl/2024/137/0132 platinum technology n.v. b2c 163348 december 24, 2025 n/a indefinite 588. ogl/2023/110/0072 mbet solutions n.v. b2c 129230 december 24, 2025 n/a indefinite 589. ogl/2024/1232/0584 gem solutions b.v. b2c 165473 december 24, 2025 n/a indefinite 590. ogl/2024/165/0185 gareton b.v. b2c 160656 december 24, 2025 n/a indefinite 591. ogl/2023/111/0069 moon technologies b.v. b2c 152185 december 24, 2025 n/a indefinite 592. ogl/2023/109/0075 altacore n.v. shows a term that ended on December 24, 2025 and is marked 'ASSESSMENT IN PROGRESS' on the Curacao Gaming Authority's register of 15 July 2026. That is a renewal under review, not a revocation and not a confirmed licence - so it neither earns credit nor justifies treating the operator as unlicensed. Curacao licence OGL/2023/110/0072, held by MBet Solutions N.V., appears on the Authority's register of 15 July 2026 with no adverse status flag (expiry: Indefinite).

Customer support (10%)3.5

Recurring complaints describe repeated document requests and unresolved account-block disputes specifically tied to withdrawal attempts after winning.

Payments & payouts (20%)2.5

This is the core problem: a strong, statistically significant Trustpilot pattern (1.2/5, 275 reviews) documents accounts blocked specifically after winning, fund confiscation, and KYC demands only appearing at withdrawal time followed by repeated requests for the same documents.

Quick facts

Curacao licenceOGL/2023/110/0072 (MBet Solutions N.V.) - issued December 24, 2025, expiry Indefinite - status 'Active (no flag)' per the CGA register of 15 July 2026
Founded2016, by Timothy John Heath
OwnermBet Solutions N.V. (Curacao), part of Coingaming/Yolo Group
LicensingCuracao eGaming 1668/JAZ
ScaleEstimated monthly turnover AU$5bn+ (US$3.3bn+)
Material developmentLate 2025: founder reportedly considering shutting down or selling Yolo Group amid Curacao regulatory pressure
Known issueTrustpilot seriously LOW (1.2/5, 275 reviews) — accounts blocked after winning, funds confiscated
Legal notesJapan shows no classic bonus (loyalty model instead); Finland/Norway excluded (state monopoly)
MarketsIndia, Japan (no bonus); Finland/Norway blocked

How we verified this

Sportsbet.io (mBet Solutions N.V., Curacao 1668/JAZ) was founded 2016 by Timothy Heath, part of Coingaming/Yolo Group. Large scale (AU$5bn+ monthly turnover). As of late 2025, the founder was reportedly considering shutting down or selling the group amid pressure on Curacao's regulatory model — a material, real development. Trustpilot is seriously LOW (1.2/5), with a strong, recurring pattern of post-win account blocks, fund confiscation, and repeated document requests at withdrawal time. Japan correctly shows no classic bonus (Clubhouse loyalty model instead). Finland/Norway excluded (state monopoly). Welcome bonus varies; confirm current status before depositing given the reported group uncertainty. Curacao note: the master/sub-licence system this brand's recorded credential came from was abolished on 1 January 2025 under the LOK, legacy sub-licences and orange seals have expired, and the Curacao Gaming Authority now licenses operators directly. We are not asserting this operator is unlicensed - many hold new direct licences - only that the credential we recorded is from a wound-up system and current status should be checked on the CGA register. b2c 160129 december 24, 2025 n/a indefinite 586. ogl/2024/112/0974 fortuna games n.v. b2c 162413 december 24, 2025 n/a indefinite 587. ogl/2024/137/0132 platinum technology n.v. b2c 163348 december 24, 2025 n/a indefinite 588. ogl/2023/110/0072 mbet solutions n.v. b2c 129230 december 24, 2025 n/a indefinite 589. ogl/2024/1232/0584 gem solutions b.v. b2c 165473 december 24, 2025 n/a indefinite 590. ogl/2024/165/0185 gareton b.v. b2c 160656 december 24, 2025 n/a indefinite 591. ogl/2023/111/0069 moon technologies b.v. b2c 152185 december 24, 2025 n/a indefinite 592. CURACAO LICENCE: OGL/2023/110/0072, held by MBet Solutions N.V., issued December 24, 2025, expiry Indefinite, status 'Active (no flag)' on the Curacao Gaming Authority register of 15 July 2026.

Where Sportsbet.io is licensed

Sportsbet.io appears on the official register in 5 countries. Highlighted countries have a full local review — pick yours for its welcome bonus and licence details.

Europe (2)

FinlandNorway

Africa (1)

Asia (2)

IndiaJapan

About Sportsbet.io

Sportsbet.io is a large-scale crypto sportsbook and casino founded in 2016 by Timothy John Heath, operated by mBet Solutions N.V. under a Curacao eGaming licence (1668/JAZ), part of Coingaming/Yolo Group, which also runs Bitcasino.io. It genuinely operates at significant scale, with estimated monthly turnover exceeding AU$5 billion, covering major sports leagues with cryptocurrency (BTC, ETH, LTC) and 11 fiat currencies. Rather than a classic welcome bonus, it runs a Clubhouse loyalty program with odds boosts for active players, though a real 100% first-deposit crypto bonus exists in some markets like India. Trustpilot rates Sportsbet.io a seriously low 1.2/5 from 275 reviews, with a strong, recurring pattern documenting accounts blocked and funds confiscated specifically after players win, plus identity verification demanded only at withdrawal time and then requested repeatedly for the same documents. Materially, industry press reported in late 2025 that founder Timothy Heath was considering shutting down or selling the entire Yolo Group amid growing pressure on Curacao's online gambling regulatory model — a real, current uncertainty about the operator's future.

Sportsbet.io FAQ

What is this site's Curacao licence status?

Licence OGL/2023/110/0072, held by MBet Solutions N.V., issued December 24, 2025, expiry Indefinite. The Curacao Gaming Authority's register last updated 15 July 2026 records it as 'Active (no flag)'. Reading the register: Curacao issues many licences on six-month terms, and a lapsed term does not mean an operator is unlicensed - the register's STATUS column marks most of those 'Assessment in progress', meaning a renewal is being worked through. Some entries carry no end date at all and are recorded as indefinite. Judging by the dates alone, in either direction, gets it wrong. We are stating this precisely because we got it wrong earlier today: a parsing error made us attach another company's licence data to several brands, including telling readers that six operators held expired licences. None of the brands we checked is marked Expired. That claim has been removed and the scores restored.

Is Sportsbet.io safe and legit?

Treat Sportsbet.io with real caution despite its genuine scale. It holds a Curacao eGaming licence, but Trustpilot is seriously low (1.2/5), with a strong, recurring pattern of accounts blocked and funds confiscated after winning. There's also real reported uncertainty about the parent Yolo Group's future as of late 2025.

Does Sportsbet.io have withdrawal problems?

Yes, seriously. A strong, statistically significant volume of Trustpilot complaints describes accounts blocked and funds confiscated specifically after players win, plus KYC verification demanded only at withdrawal time and then repeated for documents already submitted.

Is Sportsbet.io shutting down?

As of late 2025, industry press reported that founder Timothy Heath was considering shutting down or selling the entire Yolo Group (Sportsbet.io's parent) amid growing pressure on Curacao's gambling regulatory model. This is a real, material development worth monitoring before depositing significant funds.

What is the Sportsbet.io welcome bonus?

Sportsbet.io generally runs a Clubhouse loyalty program with odds boosts rather than a classic welcome bonus (correctly showing no bonus in Japan, for example). In India, however, it offers a real 100% first-deposit crypto bonus up to 300 USDT.

Who owns Sportsbet.io?

Sportsbet.io is operated by mBet Solutions N.V. under Coingaming/Yolo Group, founded in 2016 by Timothy John Heath. The group also operates Bitcasino.io.

Is a Curacao licence still worth anything after the 2025 reform?

The Curacao system this brand's licence came from no longer exists, and that is worth understanding before you read any 'Curacao licensed' claim. Curacao passed the National Ordinance on Games of Chance - the LOK - which came into force on 24 DECEMBER 2024 and replaced a framework dating from 1993. Under the old system a handful of master licence holders issued SUB-LICENCES to hundreds of operators, which is where numbers like 8048/JAZ and names like Antillephone come from. That master licence system was ABOLISHED ON 1 JANUARY 2025, the legacy sub-licences have expired, and the transitional 'orange seal' permissions expired permanently on 15 OCTOBER 2025. Since 1 January 2026 operators must also meet physical presence requirements on the island. Licences are now issued DIRECTLY by the Curacao Gaming Authority, whose register showed more than 330 active licences in early 2026 - and it is refusing a meaningful share of applicants, having approved 87 of roughly 140 direct applications by April 2026, a rejection rate near 38 percent. WHAT THIS DOES AND DOES NOT TELL YOU ABOUT THIS SITE: it does NOT mean this operator is unlicensed. Many have moved to direct CGA licences. It means the specific credential we originally recorded belongs to a system that has been wound up, so if licensing matters to your decision, check the operator's current entry on the Curacao Gaming Authority register rather than trusting a sub-licence number in a website footer.

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