EFBet was the first licensed bookmaker in Bulgaria, with a well established brand in that region.
Many European players preferred it because of the amount of sports available to bet on. EFBet also offered a great variety of casino games with a design that was all about being easily approachable, having its search functions easy to use and placing bets on them completely hassle-free.
EFBet was licensed by the Malta Gaming Authority.
Last year, news popped up suddenly about the imminent closure of EFBet. The platform released a statement about ceasing of operations after June 5, 2019. Players would have to request payment immediately ahead of the date.
With the statement, came the notice that all player account data would be erased after June 5 and all pending future wagers that would have been settled after that were left hanging.
At the time, requests were sent to the Malta Gaming Authority to force EFBet’s compliance about all players being paid.
After all this, webmasters started to take notice of frequent bad practices that the EFBet’s platform started to take part with.
First, to this day, the EFBets affiliate program webpage is still on with the registration form still admitting new members. Then, a background check on the platform’s owners threw some really concerning issues that can’t be ignored.
Years ago, EFBet started with a different name, Balkanbet. The founders are alleged to be the Naydenov family, a famous group of scammers from Bulgaria’s capital region Sofia, who's gotten heavily involved in illegal gambling in the past and worked with an also renowned gambling mafia boss, Vasil Bozhkov, considered the richest man in Bulgaria and branded “the most infamous gangster” in the country by the US State Department.
After the rebranding, they managed to snatch the very first online gambling license from the Bulgarian Gambling Commission while making them reject licenses for any potential competition.
And finally, came some really shady changes to their terms and conditions without any official mailing or notice to their affiliate members.
Even at a date as near as October 19th of this year, affiliate members are suddenly receiving emails about a cease of operations of their contractual relationship with EFBet, sent from the page’s actual operator BROBET Limited for non-compliance of the “Terms and conditions” expressed in a determined paragraph about obligations of the affiliate.