REDD Task Force

What REDD Task Force does

8XBET operates an online betting and gambling platform serving individual consumer bettors across Vietnam, Thailand, Macau, and South America (Brazil), with a self-reported registered base exceeding 20 million members. The platform offers an integrated product portfolio spanning sports betting (football, basketball, tennis, racing, eSports), online casino (Baccarat, Blackjack, Roulette, Poker), slot games, lottery (regional Vietnamese and international draws), fishing games (200+ titles), and cockfighting (Đá Gà Thomo), all accessible through a single account across web and mobile application interfaces. Underlying technology includes 256-bit SSL encryption, two-factor authentication, layered firewall infrastructure, live streaming of casino and lottery draws, and an automated transaction-processing layer advertised to complete deposits and withdrawals within approximately five minutes.

The business model is transaction-fee driven: the platform earns commission on wagers placed across sports betting, casino, slots, lottery, and fishing games, partially offset by promotional spending in the form of first-deposit bonuses (up to 100%), daily check-in rewards (up to 128,000 VND), cashback (up to 1%), and agent referral commissions. Customer acquisition runs through self-service online registration, an affiliate/agent referral network, content marketing (betting tips, lottery analysis), social media presence (Facebook, Telegram), and a strategic partnership with Manchester City Football Club signed on July 5, 2022. Regulatory positioning is anchored by licenses from Curacao eGaming, CEZA (Philippines), Costa Rica, and the Isle of Man Gambling Supervision Commission, with iTech Labs certification. Operational headquarters is listed in the United Kingdom, while the disclosed physical contact address is in Ho Chi Minh City, Vietnam; ownership and management structure are not disclosed in the source material.

Name

REDD Task Force

Legal name

8XBET

Website

https://theredddesk.org

Company type

Private

Founded year

2015

Operating status

Operating

Short description

8XBET is a multi-licensed online betting platform offering sports betting, casino, slots, lottery, fishing games, eSports, and cockfighting to over 20 million registered individual consumers across Vietnam, Thailand, Macau, and South America, with revenue generated primarily through wagering commissions.

Ownership category

akta.pro rank

Product category

Online Sports Betting

NAICS

Other Gambling Industries (713290)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Game Aggregation, Content Distribution & RGS (Remote Game Servers) (MPAEAKAG)

Keywords

• Online sports betting
• Online casino games
• Slot machine platform
• Online lottery betting
• Fishing games platform

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

Marketing or Sales, Operations, Technology or R&D, Personnel, Others

Revenue model

1. Betting/Commission Revenue: Platform generates revenue through betting commissions and house edge on sports betting, casino games, slot machines, lottery, and fishing games. Takes percentage on winning bets and distributes winnings to players.
2. Promotional Incentives: Revenue partially offset by promotional spending including first deposit bonuses (up to 100%), cashback programs (up to 1%), daily check-in rewards (up to 128,000 VND), and referral commissions for agents.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

REDD Task Force is identified in the firmographics layer as a for-profit entity overseeing REDD-specific activities. The content block provided alongside it describes 8XBET, an online betting platform offering sports betting, online casino, slot games, lottery, fishing games, eSports, and cockfighting through web and mobile channels. The platform monetizes via betting commissions and house edge, processes deposits and withdrawals in approximately 5 minutes, and operates under multi-jurisdiction gambling licenses.

Product overview

8XBET is a multi-product online gambling and betting platform offering a unified suite of gaming services including online sports betting, live casino games, slot machines, lottery/lottery betting, fishing games, and cockfighting. The platform operates as an integrated ecosystem where users can access all products through a single account with unified payment processing.

Differentiator

Problem solved

Functional benefit

Products and services

• Sports Betting (Thể thao)

Named customers1 record

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered flagship and core.

• Manchester City Football ClubflagshipStrategic or Co-development Partner · 5 July 2022Strategic partnership signed on July 5, 2022, establishing 8XBET as an official partner of Manchester City FC. This partnership significantly elevated the platform's credibility and brand recognition in Southeast Asia and Europe. As one of the few betting platforms in the Vietnamese market with long-term partnerships with world-renowned football clubs, this collaboration positions 8XBET as a premium, trustworthy brand.
• VietcombankcoreChannel Partner/ Reseller/ DistributorStrategic payment partnership enabling bank transfer deposits and withdrawals for Vietnamese customers. Vietcombank integration allows fast, secure fund transfers within the platform's 5-minute transaction window.
• TechcombankcoreChannel Partner/ Reseller/ DistributorPayment partner providing bank transfer services for deposits and withdrawals, supporting the platform's fast transaction system for Vietnamese market.
• BIDVcoreChannel Partner/ Reseller/ DistributorMajor Vietnamese state-owned bank partner facilitating payment processing and fund transfers for platform users.
• PayPalcoreChannel Partner/ Reseller/ DistributorInternational payment partner enabling secure international transactions and withdrawals for users globally.
• MastercardcoreChannel Partner/ Reseller/ DistributorInternational card payment partner for deposits and withdrawals, supporting both debit and credit card transactions.
• Jili GamingcoreTechnology or IntegrationSlot game provider supplying high-quality slot game titles with high payout ratios to the platform's game portfolio.
• TP GamingcoreTechnology or IntegrationGame content provider supplying slot games and casino games to the 8XBET platform.
• MG GamingcoreTechnology or IntegrationGame provider supplying casino and slot game content to the platform.
• AG GamingcoreTechnology or IntegrationLive casino and gaming content provider supplying live dealer casino games and other gaming products.
• Curacao eGamingcoreOthersOne of the most respected online betting regulatory bodies providing licensing and oversight, ensuring platform operates within legal frameworks.
• CEZA (Cagayan Economic Zone Authority)coreOthersPhilippine regulatory agency providing online gaming license, requiring strict financial management and player protection compliance.
• Isle of Man Gambling Supervision CommissioncoreOthersPrestigious global betting licensing organization with rigorous inspection and monitoring processes, ensuring safe and civilized online entertainment environment.
• Costa Rica Gaming CommissioncoreOthersCosta Rica government body checking gambling activity legality and requiring high-level security measures, affirming international compliance standards.
• iTech LabscoreOthersIndependent testing laboratory providing certification for gaming platforms, ensuring fairness and compliance with technical standards.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Pinnacle: Established global sportsbook with strong Asian market presence and reputation for competitive odds and high limits. Direct comparable by virtue of sportsbook focus and Asian customer base, though operating at materially larger scale.
• Betway: Globally established online sportsbook and casino brand with multi-vertical product, multi-jurisdiction licensing, and high UX/security investment. Comparable in product breadth though operating at much larger scale and broader geography than 8XBET.

Emerging players

• Melbet: Curacao-licensed online sportsbook and casino operator with global (including Asian) ambitions and a similarly broad product portfolio. Comparable by product scope though typically lower brand premium than 8XBET.

Others

• Evolution Gaming: Dominant B2B live-casino content provider supplying live dealer streams to operators including 8XBET's peers. Relevant as a content ecosystem participant rather than a direct competitor, since 8XBET relies on similar providers (Jili/TP/AG) for its casino product.

Direct peers

• Dafabet: Long-established Asian online betting brand offering sportsbook and casino with multi-jurisdictional licensing. Comparable in customer geography, product set, and operating history to 8XBET.
• Fun88: Asia-targeted online betting operator with sportsbook, casino, and slots, historically aligned with football-club sponsorships (Tottenham). Direct peer given shared SE Asia focus, product mix, and football-sponsorship GTM.
• 188BET: Established Asian-facing sportsbook and casino operator with multi-jurisdictional licensing (Isle of Man historical). Comparable product and target-market focus with 8XBET.
• W88: Asia-focused online sportsbook and casino operator targeting Southeast Asia with multi-vertical betting, similar licensing footprint, and similar football-club sponsorship strategy. Closely comparable operator to 8XBET by geography, product mix, and customer base.
• M88 (Mansion88): Southeast Asian online betting and casino operator with multi-vertical gambling offering and similar Asian-market focus. Comparable operator profile and licensing approach to 8XBET.
• BK8: Asian-facing online gambling platform with sportsbook, casino, slots, and lottery products, holding Curacao-level licensing and targeting Malaysia/Vietnam/Thailand players. Direct competitor with comparable product breadth and licensing model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/theredddesk

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REDD Task Force