REDD Task Force
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.
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount—
- GTM typeB2C
- OfferingDigital Commerce or Content
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.
REDD Task Force firmographics
Firmographics- 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
REDD Task Force industry classification
Industry- 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
Where REDD Task Force is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
REDD Task Force business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Marketing or Sales, Operations, Technology or R&D, Personnel, Others
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Casino game minimum bet starting from 100,000 VND |
| Other | Pay-as-you-go | Promotional bonuses for new members and loyal customers |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
REDD Task Force product offering
Product offeringCore 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)
Companies that use REDD Task Force
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles1 record
REDD Task Force technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
REDD Task Force partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered flagship and core.
- Manchester City Football ClubflagshipStrategic 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.
- VietcombankcoreStrategic 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.
- TechcombankcorePayment partner providing bank transfer services for deposits and withdrawals, supporting the platform's fast transaction system for Vietnamese market.
- BIDVcoreMajor Vietnamese state-owned bank partner facilitating payment processing and fund transfers for platform users.
- PayPalcoreInternational payment partner enabling secure international transactions and withdrawals for users globally.
- MastercardcoreInternational card payment partner for deposits and withdrawals, supporting both debit and credit card transactions.
- Jili GamingcoreSlot game provider supplying high-quality slot game titles with high payout ratios to the platform's game portfolio.
- TP GamingcoreGame content provider supplying slot games and casino games to the 8XBET platform.
- MG GamingcoreGame provider supplying casino and slot game content to the platform.
- AG GamingcoreLive casino and gaming content provider supplying live dealer casino games and other gaming products.
- Curacao eGamingcoreOne of the most respected online betting regulatory bodies providing licensing and oversight, ensuring platform operates within legal frameworks.
- CEZA (Cagayan Economic Zone Authority)corePhilippine regulatory agency providing online gaming license, requiring strict financial management and player protection compliance.
- Isle of Man Gambling Supervision CommissioncorePrestigious global betting licensing organization with rigorous inspection and monitoring processes, ensuring safe and civilized online entertainment environment.
- Costa Rica Gaming CommissioncoreCosta Rica government body checking gambling activity legality and requiring high-level security measures, affirming international compliance standards.
- iTech LabscoreIndependent testing laboratory providing certification for gaming platforms, ensuring fairness and compliance with technical standards.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
REDD Task Force competitors and assessment
Company assessmentBroad 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
REDD Task Force social profiles
Digital presenceREDD Task Force financial estimates
Financial estimateRevenue estimate
Valuation estimate
REDD Task Force leadership team
Management profileNumber of profiles
REDD Task Force funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
REDD Task Force M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about REDD Task Force
What does REDD Task Force do?
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.
Is REDD Task Force a public or private company?
REDD Task Force is a private company. It is classified as unknown and is currently operating.
When was REDD Task Force founded?
REDD Task Force was founded in 2015.
Where is REDD Task Force based?
REDD Task Force is headquartered in London, United Kingdom, in the Europe region.
How does REDD Task Force make money?
Two revenue lines are on record. Betting/Commission Revenue is the primary driver. The others are promotional Incentives.
Who are REDD Task Force's main competitors?
Broad incumbents on record are Pinnacle and Betway. Melbet is listed as an emerging player. Evolution Gaming is listed as an others. Direct peers are Dafabet, Fun88, 188BET, W88, M88 (Mansion88) and BK8.
Does REDD Task Force have an API?
No public API is recorded for REDD Task Force.
What industry is REDD Task Force in?
REDD Task Force's product category is Online Sports Betting. Its primary akta.pro industry code is MPAEAKAG, Game Aggregation, Content Distribution & RGS (Remote Game Servers). Its NAICS code is 713290 and its SIC code is 7370.