He's contesting as a representative of Egbeda/Ona Ara federal constituency.
Alabi took to his Twitter account (@akinalabi) on Wednesday, June 20, 2018, to make the disclosure, noting that he would return to his position if he loses the election.
He posted, "In a few weeks, I will be resigning as CEO of NairaBET so I can fully concentrate on my campaign to contest for a seat in the House of Representatives. If I lose, my seat will be waiting for me at the head office. Politics is not a do or die affair."
The NairaBet CEO had earlier announced his ambition in April when he disclosed his decision to run for office in 2019.
He revealed that he would be contesting for a seat in the House of Representatives in his bid to represent Egbeda/Ona Ara federal constituency in Oyo State.
He has also identified as a member of the ruling All Progressives Congress (APC) and will hope to win the party's primary election.