59Bet has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Gate.io. We’ve received over 4 complaints against 59Bet.
Beware of 59Bet, an unlicensed online casino posing risks with unclear operations and lack of regulatory approval. Offering various payment methods but missing customer feedback, its legitimacy remains questionable. Without proper oversight, players may face risks, underscoring the importance of caution and thorough research before engaging with such platforms. Remember, safety and transparency are key in online gambling.
Get Your Money Back From These Scammers!
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Key Takeaways
Is 59Bet Regulated? Do They Have a License?
The lack of regulation or the presence of poor regulation is a huge red flag. It means 59Bet is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of 59Bet, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at 59Bet
59Bet offers payment and deposit options including e-wallets, credit/debit cards, and cryptocurrencies, with specific processors like MoonPay for credit/debit cards.
Deposits can be made without a KYC check, with a limit of BRL 9,000 for card deposits and up to 200,000 via the stablecoin USDT. However, on a review date in October 2023, the AstroPay payment option was not functional.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
59Bet Customer Service: Do They Handle Complaints Well?
59Bet’s approach to handling complaints is not directly reported. Considering the lack of regulatory oversight and the absence of operator information on their website, it may be inferred that their complaint handling might not be up to the standards expected from a regulated online casino.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
59Bet Reviews: What Do Others Say?
As of the available information, there are no customer reviews for 59Bet on Consumer review platforms. This absence of reviews makes it challenging to gauge customer sentiment or experiences directly from users.
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like 59Bet tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust 59Bet reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of 59Bet, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like 59Bet enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “59Bet reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising 59Bet.
You should always look out for consumer complaints. In the case of 59Bet, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about 59Bet? You can share your complaint in the comment section or submit an anonymous tip.
Is 59Bet Legit Or Scam?
59Bet is classified as an unauthorized online casino, lacking proper licensing from recognized authorities like MGA Malta or the Curacao authority.
Their website does not provide transparent information about its operators or terms and conditions. Although not definitively labeled a scam, the lack of authorization and transparency raises significant concerns about its legitimacy and safety for users.
59Bet is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind 59Bet can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust 59Bet?
All the evidence suggests that 59Bet is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
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How The 59Bet Online Scam Works
Intelligence Commissioner Authorized Online Investments
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
