A 2025 Nigerian launch backed by Channels Media and Soft2Bet, with state licensing we could not confirm
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Context for Nigeria: Nigeria changed who licenses betting, and the old answer is still the one most sites give you. On 22 November 2024 the Supreme Court nullified the National Lottery Act 2005 in its entirety, holding that the National Assembly had no constitutional power to legislate on lotteries and games of chance - these are residual matters belonging to the STATES. The practical consequence is that the National Lottery Regulatory Commission is no longer the nationwide authority: its remit is now limited to the Federal Capital Territory, and an NLRC licence issued before the ruling is not a valid basis for multi-state operation. So if an operator's footer, or an affiliate page, offers 'NLRC licensed' as proof it is legal where you live, that assurance is out of date. What counts now is a licence from YOUR state's gaming regulator, or a Universal Reciprocity Certificate from the Federation of State Gaming Regulators of Nigeria (FSGRN) - and the URC only covers FSGRN member states, of which there are around 22, so a significant number of states sit outside it entirely. Betting itself remains legal in Nigeria; it is the paperwork that moved. Some legal uncertainty is still unresolved, including what regularisation means for operators licensed under the old federal regime, so check your own state's regulator before you treat any licence claim as settled.
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Nigeria changed who licenses betting in November 2024
On 22 November 2024 the Supreme Court of Nigeria, in Attorney General of Lagos State & Ors v Attorney General of the Federation & Ors (Suit No. SC/1/2008), unanimously nullified the National Lottery Act 2005. A seven-member panel held that the National Assembly had no power to legislate on lotteries and games of chance, so the Act - and the National Lottery Regulatory Commission it created - now applies only within the Federal Capital Territory. Regulating betting elsewhere in Nigeria is exclusively a matter for state governments.
What that means when you read any Nigerian review, including ours: an NLRC licence number no longer establishes, on its own, that an operator is authorised in your state. Many of our Nigerian pages still describe licensing in NLRC terms because that was the framework when they were written, and we are working through them. Check your own state regulator's list - for example the Lagos State Lotteries and Gaming Authority - before you deposit.
Pros
- FCT Lottery Regulation Office lists it as RUNNING for sports and casino, valid to 27 October 2029
- Backed by Channels Media Group with Soft2Bet technology - real corporate substance for a 2025 launch
- Named Nigerian operating company, Channels Bet Limited
- 6x wagering at minimum odds 1.50 is gentle by Nigerian market standards
- 100% match up to NGN 100,000
Cons
- An NLRC licence alone covers only the Federal Capital Territory since November 2024
- The operator's own site returns 403 to us, so no term was verified at source
- Launched only in 2025, so there is little track record to judge
- Nigeria only
- Lagos, Rivers and Kano state licences reported in trade coverage remain unconfirmed at those regulators
Our verdict
Waddibet is one of the more seriously built new entrants in Nigeria. It launched in 2025 through Channels Bet Limited, a Nigerian company formed from a partnership between Channels Media Group - one of the country's best-known broadcasters - and Soft2Bet, an established international platform supplier. That is real corporate substance rather than a white-label with a logo. The offer is genuinely gentle: 100% of your first deposit up to NGN 100,000, cleared at just 6x with minimum odds of 1.50. In a market where 10x and up is normal, that is worth noticing. We could not read those terms at source, though - waddibet.com returns 403 to us - so they remain third-party reported. On licensing we have a conflict we are going to state rather than smooth over. Trade coverage reports NLRC licence 00000046 plus state licences in Lagos, Rivers and Kano. We read the Lagos State Lotteries and Gaming Authority's own published list of licensed operators on the same day and found no entry for Waddibet or for Channels Bet Limited. We then found the answer in a register we had not used. The FCT Lottery Regulation Office lists Channels Bet Limited / Waddibet as RUNNING for both sports betting and casino gaming, valid to 27 October 2029 - a regulator's own list, confirming authorisation in the Federal Capital Territory, the one place the federal framework still governs after November 2024. The Lagos, Rivers and Kano claims remain unconfirmed. That does not mean the coverage is wrong. A Lagos licence can sit under a trade name we would not recognise, and published lists lag. But it matters more than it once did: since the Supreme Court judgment of 22 November 2024, an NLRC licence on its own carries authority only inside the Federal Capital Territory, so the state licences are the load-bearing part of the claim - and they are precisely the part we could not confirm at a regulator.
How we rated it
Bonuses & value (18%)7.8
100% of a first deposit up to NGN 100,000 at only 6x wagering, with minimum odds of 1.50, is a genuinely gentle structure - most rivals ask far more. Trimmed from 8.5 only because the terms remain third-party reported: the operator's own site returns 403 to us, so nothing here was read at source.
Trust & licensing (27%)7.8
Confirmed at a regulator: the FCT Lottery Regulation Office lists Channels Bet Limited / Waddibet as RUNNING for both sports betting and casino gaming, valid to 27 October 2029. Behind it sits a Nigerian operating company with Channels Media Group backing and Soft2Bet technology. Held below 8 because the separately claimed Lagos, Rivers and Kano state licences remain unconfirmed - the Lagos regulator's own list shows no entry.
Sportsbook (36%)7.5
A sportsbook active in the Nigerian market.
Customer support (18%)6.8
The previous 7.5 rested on no search. We found no complaint dossier and no substantial independent evidence either way, which for a brand launched in 2025 is unsurprising but is still thin evidence.
Quick facts
| Operator | Channels Bet Limited (Nigeria), launched 2025 |
| Backing | Channels Media Group with technology from Soft2Bet |
| Why it matters | Since 22 November 2024 an NLRC licence alone covers only the Federal Capital Territory; state licences are the load-bearing claim |
| Markets | Nigeria |
| Welcome bonus | 100% first deposit up to NGN 100,000 |
| Wagering | 6x at minimum odds 1.50 - gentle by market standards |
| Verification | The operator's own site returns 403 to us, so terms are third-party reported |
| Licence (confirmed) | FCT Lottery Regulation Office: Channels Bet Limited / Waddibet, sports and casino, RUNNING, valid to 27 October 2029 |
| Still unconfirmed | Trade coverage also claims Lagos, Rivers and Kano state licences; the Lagos regulator's list shows no entry |
How we verified this
State-licensing claims were checked against the Lagos regulator's own list rather than accepted from trade coverage. Where the two disagree we say so plainly instead of choosing the version that makes the page tidier, and we do not convert a failure to find an entry into an allegation.
Where Waddibet is licensed
Waddibet appears on the official register in 1 countries. Highlighted countries have a full local review — pick yours for its welcome bonus and licence details.
Africa (1)
About Waddibet
Waddibet launched in 2025 through Channels Bet Limited, a Nigerian company formed from a partnership between Channels Media Group - one of the country's best-known broadcasters - and Soft2Bet, an established international platform supplier. Its authorisation is confirmed at a regulator: the FCT Lottery Regulation Office lists Channels Bet Limited / Waddibet as RUNNING for both sports betting and casino gaming, valid to 27 October 2029. Trade coverage additionally reports Lagos, Rivers and Kano state licences, which we could not confirm - the Lagos regulator's own list shows no entry. The welcome offer is 100% of a first deposit up to NGN 100,000 at 6x wagering with minimum odds of 1.50, which is gentle by Nigerian standards, though the operator's site returns 403 to us so those terms are third-party reported.
Waddibet FAQ
Is Waddibet safe and legit?
It is operated by Channels Bet Limited, a Nigerian company backed by Channels Media Group with Soft2Bet technology. Trade coverage reports NLRC licence 00000046 plus state licences in Lagos, Rivers and Kano; we checked the Lagos regulator's published list and found no entry for Waddibet or Channels Bet Limited. That may be a trade-name or timing issue rather than a problem, but since November 2024 the state licences are what carry authority, so we flag that we could not confirm them.
What is the Waddibet welcome bonus?
100% of your first deposit up to NGN 100,000, with 6x wagering at minimum odds of 1.50 - gentle terms by Nigerian standards. These figures are third-party reported: the operator's site returns 403 to us.