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1xBet
Type of businessFranchising
Type of site
Private
Available inEnglish
Russian
Founded2007
Headquarters
Limassol
,
Cyprus
Area servedInternational
Key peopleAlex Sommers (spokesperson)[1]
IndustryOnline gambling
ServicesOnlinebetting& gaming
Employees5000 (2022)[2]
Subsidiaries1xbetaffiliates, partners1xbet
URL1xbet.com

1xBetis an online gambling company licensed byCuraçaoeGaming License. It was founded in 2007 and registered in Cyprus. The organisation operates a franchise business model.[3]Following revelations into the company's finances, it is not allowed to operate in a variety of countries[4]including the US, UK, France and Spain, following which the company changed its focus to Africa, South America and India.[5]

History

The company was founded in Russia by Roman Semiokhin, Dmitry Kazorin, and a former Russian intelligence agent named Sergey Karshkov, who died in June 2023.[5]

In March 2020, 1xBet confirmed the company's expansion into the Mexican market following its approval for an operational licence. The company also announced its plan to focus on the esports betting market within the Latin American country.[6]

In March 2022, 1xBet expanded into the Chilean market by signing a partnership agreement with the Chilean football championship, with the company becoming part of the 138 matches of the 2022 season.[7]

In June 2023, 1xBet was named 'Sportsbook Operator of the Year' at the SiGMA Americas Awards.[8]

In October 2023, Congolese musician MaîtreGimsbecame an ambassador for 1xBet.[9]

As of November 2023, the 1xBet gaming platform is visited by more than 3 million registered users each month.[10]

In December 2023, 1xBet began offering Cameroonian bettors the option of receiving winnings in cash and placing bets online, offline, or choosing a hybrid option. The company provides multiple payment methods and betting markets to cater to different preferences and enhance the overall convenience for users.[11]

In March 2024, 1xBet reduced the minimum deposit and withdrawal amounts for clients in theRepublic of Congo.[12]

Controversies

Following an investigation byThe Sunday Timesin 2019, 1xBet's licence was rescinded by the UK Gambling Commission (UKGC) after revelations of involvement "promoting a"pornhubcasino ", bets on children's sports and advertising on illegal websites."[13][14]

1xBet features onRussia's payment processor andFederal Tax Serviceblacklist.[15][16]

Criminal investigation

In early 2020, awareness was raised of an unlawful practice.[17]

Later, in August 2020, the Directorate of the Investigative Committee for the Russian Bryansk Region released the names of the supposed creators of 1xBet. These are "Sergey Karshkov", "Roman Semiokhin" and "Dmitry Kazorin".[18]

The trio are suspected of organizing the online bookmaker 1xBet, and are defendants in a criminal case, with penalty of imprisonment. A number of estates in Russia with a total value of 1.5 billion rubles were seized.[18]TheInvestigative Committee of Russiahas put them on the international wanted list. All three have Cypriot citizenship.[17]

In 2021, Parlan Law Firm announced a search for victims of 1Xbet in Russia. The company has organized a service for filing applications to the investigative committee. They filed a lawsuit against the owner of the Russian version of 1xBet - bookmaker 1xStavka.[19]

In 2023, Morocco's National Judicial Police Brigade (BNPJ) opened a mass investigation into 1xBet among other gambling websites on charges of operating an illegal gambling enterprise following a complaint byMDJS.[20]

In November 2021 1xBet's subsidiary company, 1хCorр MV, filed for bankruptcy in aCuraçaocourt after it refused to refund a group of gamblers represented by the foundation for curaçao gaming victims. The company was declared bankrupt in June 2022 but continued to operate.[21]The individuals state that 1xBet structurally deniеs the legitimate wins of players with millions of euros in unpaid winnings.[22]In January 2023, 1xCorp MV was declared bankrupt by the Dutch Supreme Court in the Netherlands.[23][24]

References

  1. ^Specter, Heidi (4 August 2019)."Interview with Alex Sommers, 1xBet Spokesperson: 'We're trying to create new products'".GamblingNews.Retrieved10 October2023.
  2. ^"1XBET renews Partnership with FC Barcelona".
  3. ^"Start a Betting Business With 1xBet Franchise | Bett-market".bett-market.com.Archivedfrom the original on 8 April 2023.Retrieved6 April2023.
  4. ^Belot, Henry (1 March 2024)."Cricket Australia paid to promote affiliate of controversial gambling company during Boxing Day Test".the Guardian.Retrieved12 August2024.
  5. ^abWilliams, Sean (15 September 2023)."The Wild Quest to Create a Fake Indian Cricket League... That Was Just the Beginning".Sports Illustrated.Retrieved12 August2024.
  6. ^"1xBet confirms Mexican expansion following license approval".30 March 2020.Archivedfrom the original on 4 February 2023.Retrieved24 May2023.
  7. ^"1xBet expands in Chile with football deal".agbrief.com.22 March 2022.Archivedfrom the original on 30 May 2023.Retrieved30 May2023.
  8. ^"1xBet named Sportsbook Operator of the Year in Latin America".Focus Gaming News | Latest Gambling Industry News & Updates.15 June 2023.Retrieved21 June2023.
  9. ^"Maître Gims devient nouvel ambassadeur de 1xBet".ouragan.cd.19 September 2024.Retrieved20 September2024.
  10. ^Nigeria, Politics (30 November 2023)."1xBet becomes Operator of the Year in Sport Betting in Nigeria".Politics Nigeria.Retrieved20 September2024.
  11. ^BAFELI, Franck (5 December 2023)."Actualités CAMEROUN:: 1xBet te propose de parier en ligne et de recevoir les gains en espèces:: CAMEROON News".camer.be(in French).Retrieved20 September2024.
  12. ^"Réduction des montants de dépôt et de retrait: 1xBet répond aux besoins des clients du Congo".Les Echos du Congo Brazzaville(in French). 11 January 2024.Retrieved20 September2024.
  13. ^Ungoed-Thomas, Jon; Bacon, Lucy."Premier League clubs accused over links with betting firm".The Times.ISSN0140-0460.Archivedfrom the original on 7 July 2022.Retrieved27 December2020.
  14. ^"FSB suspends 1xBet white label following Sunday Times investigation - EGR Intel".12 August 2019.
  15. ^"UKGC Opens Probe into 1xBet UK Brand on Reported Regulatory Breaches".GamblingNews.13 August 2019.Archivedfrom the original on 6 July 2022.Retrieved27 December2020.
  16. ^"What is the bookmaker 1XBet famous for? (rbc description)".www.rbc.ru.11 August 2020.Archivedfrom the original on 29 September 2022.Retrieved2 May2021.
  17. ^abGm, Ebene Magazine- (10 December 2020).".EbeneMagazine - RU -" The stars wear their symbols, but no one knows the owners ": the main thing from the Forbes text about the founders of the bookmaker 1xBet.. ru".EBENE MAGAZINE(in French). Archived fromthe originalon 2 May 2021.Retrieved13 January2021.
  18. ^ab"СК назвал подозреваемых в создании запрещенного букмекера 1XBet".РБК(in Russian). 11 August 2020.Archivedfrom the original on 29 September 2022.Retrieved23 July2021.
  19. ^"Клиент 1XBet подал в суд на букмекера и платежные системы Подробнее на РБК".rbc.ru. 22 June 2021.Archivedfrom the original on 6 October 2022.Retrieved3 October2022.
  20. ^El Hourri, Abdelali (14 November 2023)."Plainte de la MDJS contre 1xBet: la BNPJ entre en scene".Medias24.
  21. ^"Russian gambling company bankrupt but still in business in Curaçao".www.curacaochronicle.com.30 June 2022.Retrieved19 October2022.
  22. ^Woerd, Frank Op de (18 August 2021)."Belangenbehartiger doet aangifte tegen Curaçaose licentieverstrekker Cyberluck om fraude 1xBet".CasinoNieuws.nl(in Dutch).Archivedfrom the original on 26 January 2022.Retrieved27 November2021.
  23. ^Lars (20 January 2023)."Bankrupt and expanding".Josimarfootball.com.Archivedfrom the original on 20 January 2023.Retrieved20 January2023.
  24. ^Davidson, David; Smits, Henk Willem; Koens, Remy (20 June 2023)."Crypto billions and illegal gambling sites: 'Russian' 1xBet conquers the world from Curaçao".Follow the Money - Platform for investigative journalism.Retrieved12 August2024.
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