Hundreds of Nepali agents in 1X Bet's money order business, such is the fish-net

Kathmandu: It has been found that the betting company '1X Bet', which is prohibited by the law of Nepal, is taking lakhs of rupees daily by trading hundi from Nepal. According to sources close to 1X Bet, 1X Bet has been found to be trading hundi through its agents in Nepal.

The agreement between 1X Bet Company and its agent, provided to the Nepal Press by the source, states that "the first party (agent) will have to send money through hundi, bitcoin, Neteller, skrill or perfect money when sending 'prepayment'."

The agreement, which is not in any letter pad or official letter of the company, shows how openly the hundi is being traded.

Currently, the betting network is being expanded targeting Nepali youth. As betting and 'online transactions' are not easy in Nepal, it has been found that 1X Bet is using Nepali as its agent.

According to a source close to 1X Bet, there are currently around 50 to 100 agents working for OneX Bet in Nepal. "There are between 50 and 100 agents in Nepal who go to 1X Bet's website and mobile 'application' to play online games and 'deposit' and 'withdraw' money for betting," the source told Nepal Press.

The source says that even if the account is easily created in 1X Bet, it is difficult to deposit and withdraw money. In such cases, money is transacted using platforms like Khalti, IME Pay. But, directly after you process to deposit money from your digital wallet to the gaming account, there comes the name and account number of the Nepali agent. All such agents are agents.

Sources have informed that the agents of 1X Bet, who are weaving an illegal net of betting, will even invest some money at the beginning. "If a Nepali is willing to work as an agent in Nepal, the company will make an agreement with him," the source said.

See this agreement

By making such an agreement, it has been found that 1X Bet is making deposits and withdrawals from the payment platform of Nepalis who have become agents by investing money.

People involved say - for example if I'm an agent, my pocket ID and name are used by the company. My name and ID go there when the bettor processes the money for the deposit. Which is similar to 'One Time Password' (OTP). The money should be deposited in the account within five minutes. And, if someone puts money in the agent's account in this way, the money goes to the gambler's gaming account in a few minutes.

Thus, Nepali agents have been getting a certain percentage of commission for using their payment platform 1X Bet. Similarly, promoters and affiliates also get a certain amount of money for being a 'client'.

"Zalan says to register by putting his promo code in the promotion. Yes, if someone registers with such promo code, Zalan will get 27 percent of the money lost by that client for the rest of his life," the source said.

How to choose an agent?

1X Bet Company, headquartered in Cyprus, has opened a Nepali department for Nepal and hired Nepali workers, according to a source.

"The search for an agent starts with the customer care of the Nepali department," the source told Nepal Press.

In an email like this, 'Do you want to make money by becoming an agent of 1X Bet Company?' Those in the network say that they have been asked. If someone responds to such an email saying 'I want to be an agent', they will get a message on WhatsApp or Viber.

And, after completing the rest of the process, signing the agreement, after some time of training, prepayment to the company, that is, after buying the 'tariff', one becomes the agent of 1X Bet.

Separate messenger app for agents

1X has been found to be using an app called 'Reddy' for instant messaging with its agents. In the agreement made available to Nepal Press, it is mentioned that the agent will get the Reddy app on behalf of the company and can talk about emergency communication, technical problems, and solutions. Apart from that, all other business matters should be done through Skype, WhatsApp, and Viber.

Check it out

What is a tariff? How much does it cost to buy and sell?

Buying a tariff means that the agent has to deposit some money at the beginning of the 1X bet. “In the case of Nepal, the tariff package starts from a minimum of NRs 300,000. After purchasing the tariff in this way, the agent can transact the same amount of money. Simply put, it is like a hundi.

The agent pays 1X bet and the agent takes the money from the bookie. According to sources close to 1X Bet, an agent cannot be a single person. Because, money deposit and withdrawal requests can come at any time, so it should be available 24 hours a day, seven days a week.

So the agent group should have at least three members so that 8/8 hours can be shared by three people.

Digital wallets such as E-Sewa, Khalti, IME Pay have become the main business medium of 1X Bet. However, it is being used as a 'third party service' without their knowledge, the source said.

"Even if their service is being used, 1X Bet does not disclose the account. If any agent's account is suspected, the account will be blocked," the source said. This work is being carried out smoothly in a very clever way as there will be less. ”

If there is any problem while transacting in this way, the company has repeatedly sent notifications to the bank and digital wallet not to call. According to the people involved in such illegal betting, at least 10 to 15 lakh rupees are being sent abroad from Nepal daily in the form of money order.