1Red Is it Legit?

1Red: Is it legit?

1Red states that it's operated by Febonara Empire S.R.L., which is a company registered in Costa Rica. This is where things get tricky, so practically, from the get-go. Costa Rica, as you may know, is home to thousands upon thousands of online gambling businesses, but the country does not issue any formal online betting permits. What the companies actually obtain is a “data processing license,” which has nothing to do with a gambling license and won't protect you in any way, shape, or form.

Furthermore, 1Red's claim that it has an “international license” is nothing but ambiguous, because Costa Rica's data processing license is not recognized as valid by any jurisdiction, let alone all of them. All in all, the site goes about without any solid regulatory frameworks, which means you'll be at the platform's mercy. Yet, we can't also say that every single casino with nothing but a Costa Rica registration is bad — there are some that bettors love, and this one might be one of them in the future.

For the positive things, 1Red has elaborate terms and conditions, which is usually a good sign — the more you are given as info before you start betting, the better you can grasp the type of establishment you're in and decide if you wish to proceed. Here, you can have a ton of fun, so long as you are being careful.

The Short Answer: Is 1Red Legit?

If it wants to be, it can be honest, but ‘legit’ in the classic sense of the word, not really. This platform is registered in Costa Rica, which means that it has no formal gambling license. Some establishments end up being trustworthy even without a permit but this is more of a gamble than betting online itself. Still, the site is awesome in many aspects, and with the right risk assessment, it can be worth it.

Why Do We Think That?

• Disclosed operator: Transparency is always a good sign, and this site discloses its owner – Febonara Empire S.R.L. The company has other projects as well, so we can draw the conclusion that things have been going well for them, possibly meaning that no customers are disillusioned yet or at all.
• No formal licensing: When we’re looking for a license at the bottom of a betting site, we hope to see something like UKGC, MGA, or even Curacao. Here, there is no formal license due to the fact that Costa Rica does not issue formal, functional gambling permits, therefore 1Red couldn’t have obtained one.
• Costa Rica registered: Costa Rica is one of the offshore destinations where online casinos register their activity for the most lax conditions possible. This way, they can go on with their activity legally but without being committed to an overly customer-oriented license to impede their self-serving interests.
• Well-written Terms and Conditions: Another green flag from 1Red is the perfectly explained T&C page where you can find all the rules to follow while betting on the site’s premises. Thanks to the elaborate rules there, you can decide if what’s laid out matches your idea of a fair online betting destination and then act accordingly.