LyraBet Is it Legit?

LyraBet: Is it legit?

When choosing their next online bookmaker, many players look at bonuses, betting markets, casino games, etc. And sadly, not enough examine a site’s legitimacy, at least not in any meaningful way. They mostly rely on review sites like ours to tell them what to think – and we don’t want that! Sure, we at BettingSites.CC have our own opinions and we’re happy to share them… But we also want you to be aware of what to look for even when we aren’t around to tell you.

So, below you’ll find our brief, no-nonsense, to the point answer on whether LyraBet is trustworthy. But you’ll also find some tips on what to look for when forming your own decisions on whether you should trust a particular gambling site. Not everyone cares to learn that, but if you do, we strongly recommend giving it a read. It’ll just keep you safer!

The Short Answer: Is LyraBet Legit?

Yes, LyraBet is a legitimate site. It’s from an established company with many other sites under its belt, it has a good reputation, and also a valid license from a reputable regulator.

Why Do We Think That?

• Kahnawake License – In many countries, it’s against the law for online betting sites to operate without a license – they’re required to be regulated just like land-based betting points are. That regulation is rarely handled by the government directly, and typically falls to private gambling commissions that are authorized to regulate a site either globally or in particular territories. In LyraBet’s case, it sports a Kahnawake license, which is one of the better options out there. It confirms the bookmaker’s commitment to fair play – and willingness to cooperate with potential disputes.

• Good Reputation – Okay, here we need to add a little caveat, because “good reputation” doesn’t necessarily mean “players are happy”. And indeed, LyraBet has no shortage of negative feedback from players – though that’s mostly due to the site’s poor user interface and bonuses (which we’ve already discussed in other parts of our review). When it comes to scams or unpaid winnings, we actually didn’t see a lot of allegations of either. Players may not be very happy with LyraBet, but they do consider it trustworthy.