Ecuabet faces accusations of using an expired foreign license while maintaining connections to foundations. These organisations show unusual income increases, according to the complaint. November 13, 2025, marked the date when the Board of Charity filed their complaint against Ecuabet. The sports betting company in Ecuador faces charges of casino operations and gambling offerings. Tax evasion through foundation networks forms part of the allegations. An extensive document from the institution explains their accusations. Ecuabet currently sponsors the Ecuadorian Football Championship as Title Sponsor.

Sports betting sites create a complex maze in Ecuador with difficult tracking. The Board of Charity identifies Ecuabet’s first alleged illegality. Operating with a foreign license for sports prediction services violates regulations. Ecuabet’s website shows domicile and authorisation from the Anjouan island. This location sits in southern Africa near Tanzania’s coast. May 2025 saw that license expire according to records. Anjouan gaming control authority no longer lists the company as authorised.

Foundation Connections Revealed

The Board of Charity discovered 42 individuals and legal entities connected to Ecuabet. Three foundations appear in this network: Prosperar, Prosperar Salud, and Culturarte. Seven companies join over 32 related individuals in this structure. Shareholders and representatives share the same lawyers throughout. Three betting companies handle millions in Ecuador. International Standard Industrial Classification code information reveals concerning patterns. The institution’s complaint suggests sports prediction companies changed operations after 2023. Foundations became their new operating structure. 2022 brought another complaint exposing Ecuabet’s agency agreement with Prosperar Foundation. Unfair competition charges arose from offering prohibited gambling, including an online casino in Ecuador.

Tax Avoidance Schemes

The Superintendency of Economic Competition investigated and reviewed this earlier complaint. Ecuabet claimed non-profit status through donations to foundations like Prosperar. This connection allows Ecuabet to claim irregular tax exemptions according to the Board of Charity. Contractual obligations between the company and the foundation contain contradictions. The Superintendency questions these supposed donations. The authority’s resolution sent the case file to the Prosecutor’s Office. A corresponding investigation should now proceed.