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Rakebit
TRUST SCORE
6.6/10
Above average
Arbitrage betting not allowed
Rakebit's sportsbook terms prohibit arbitrage betting — bets found to be arbitrage are voided and the account restricted.
20+ cryptocurrencies accepted
No stated maximum win limit
Generous rakeback
Sportsbook powered by BetBy
Overview
Rakebit is a crypto-only casino and sportsbook launched in 2024, licensed by the Anjouan Gaming Board (Union of Comoros). Its beneficial owner is reported by compliance outlet Fintelegram to be Konstantin Katsev, a former co-founder of the now-closed TrueFlip.io casino; the operating company itself changed hands from Innovex Tech Holdings Ltd to Nile King Media LTD in early 2026, per the Anjouan public register — a recent ownership transfer worth noting rather than treating as settled history.
Complaints
16 reported issues · 4 unresolved
$18,000
Resolved in operator's favor
Bonuses, withdrawals & KYC
Welcome rakeback: 100% of house edge on first $1,000 wagered
Separate deposit-match bonus terms unconfirmed/disputed
Withdrawals typically instant to ~1 hour
Wins over $50,000 paid in installments, up to 90 days
Detailed background research on stated policy — broader than any single number in the score breakdown above, though it informs it. Where an operator's own terms couldn't be fetched, that's noted and the figures are flagged as third-party rather than operator-confirmed.
Bonus policy
Welcome rakeback returns 100% of the house edge as cash on the first $1,000 wagered, then a standing 1%–25% rakeback by VIP tier with no wagering requirement on the rakeback itself. A separate, optional deposit-match bonus also exists, but sources disagree on its exact structure (percentages and caps vary between reviews) — treat the deposit-match specifics as unconfirmed.
Withdrawal timeframe
The official site states withdrawals are instant or near-instant, crypto-only. Third-party reviews describe up to ~1 hour under network congestion, a possible up-to-7-day anti-fraud hold, and installment payouts (up to 90 days) for wins over $50,000; one source cites a $50,000/month withdrawal cap.
KYC / verificationKYC conditional
"Conditional" means no KYC is required just to sign up and play. Verification is only requested in some cases — most commonly when withdrawing, or if suspicious activity is flagged.
Markets itself as a "no-KYC" platform. Full identity verification is reportedly triggered by large withdrawals or suspicious activity, with the first withdrawal requiring 1x deposit turnover; note that integrated payment processors (MoonPay, Changelly) independently require photo ID for their leg of a transaction regardless of Rakebit's own policy.
Trust Score breakdown
Licence & regulation
9.0
Payout reliability
5.0
Complaint record
6.0
KYC practice
9.0
T&C fairness
3.0
Reputation & community trust
7.0
Ownership
Nile King Media LTD (as of ~Feb 2026; previously Innovex Tech Holdings Ltd)
Not set
Anjouan Gaming Board, Union of Comoros (licence ALSI-202602030-FI2, issued Feb 2026; an earlier licence number is cited for the pre-transfer operator — unconfirmed pending a direct registry check)