The organisation runs a franchise organization model. [4] Following revelations into the business's finances, it is not permitted to run in a variety of nations [5] consisting of the US, UK, Russia, France and Spain. International arrest warrants have been provided for the business's three creators, one of whom apparently passed away in Switzerland in 2023.bit.ly [3] Amid these debates, the company altered its focus to Africa, South America and India.bit.ly [6]

1xBet is among the world's biggest online casinos, accepting bets on amateur sporting occasions, consisting of children's sports, broadcast survive on its website. [3] The business has also accepted betting on cockfighting. [3] Despite the controversial nature of the business, it is a sponsor of FC Barcelona up until 2029 and Paris Saint-Germain till 2025. [3]

History

The company was established in Russia by Roman Semiokhin, Dmitry Kazorin, and a former Russian secret agent called Sergey Karshkov (d. June 2023). [6] By 2021, their company had actually made more than US$ 655 mln in illegal gambling. [3]

In March 2020, 1xBet validated the business's expansion into the Mexican market following its approval for a functional licence. The business likewise announced its strategy to focus on the esports wagering market within the Latin American country. [7]

In March 2022, 1xBet broadened into the Chilean market by signing a partnership agreement with the Chilean football champion, with the company becoming part of the 138 matches of the 2022 season. [8]

In October 2023, Congolese musician Maître Gims ended up being an ambassador for 1xBet. [9]

Despite prosecution in a number of countries, 1xBet secures significant sponsorship agreements, for instance, it remains the sponsor of FC Barcelona till 2029 and sponsors FC Paris Saint-Germain in seasons 2022-25. Since 2024, the month-to-month average variety of visitors to its platform surpasses 5 mln, the business has passed the very first round of license applications to lawfully run in Brazil. [3]

Controversies

Following an examination by The Sunday Times in 2019, 1xBet's licence was rescinded by the UK Gambling Commission (UKGC) after discoveries of involvement 'promoting a "pornhub gambling establishment', bets on kids's sports and cockfighting, and advertising on unlawful sites." [10] [11] [3]

1xBet features on Russia's payment processor and Federal Tax Service blacklist. [12] [13]

In 2024, Bellingcat and the platform Josimar reported that 1xBet supposedly arranged thousands of live-streamed amateur video games including phony groups and 1xBet children as young as 14 years of ages. [14] [15]

Criminal investigation

In early 2020, awareness was raised of an unlawful practice, [16] a worldwide arrest warrant was released by Russian authorities. [3] Later, in August 2020, the Directorate of the Investigative Committee for the Russian Bryansk Region released the names of the supposed developers of 1xBet. These are "Sergey Karshkov", "Roman Semiokhin" and "Dmitry Kazorin". [17] All 3 have Cypriot citizenship. [16] The trio are believed of arranging the online bookmaker 1xBet, and are offenders in a criminal case, with penalty of imprisonment. A variety of estates in Russia with a total value of 1.5 billion rubles were seized. [17]

In 2021, Parlan Law practice revealed a look for victims of 1xBet in Russia. The business has organized a service for filing applications to the investigative committee. They submitted a claim versus the owner of the Russian variation of 1xBet - bookmaker 1xStavka. [18]

In 2023, Morocco's National Judicial Police Brigade (BNPJ) opened a mass examination into 1xBet amongst other betting sites on charges of operating an illegal gaming enterprise following a problem by MDJS. [19] [3]

In November 2021 1xBet's subsidiary business, 1xBet 1хCorр MV, declared bankruptcy in a Curaçao court after it declined to reimburse a group of bettors represented by the foundation for curaçao video gaming victims.bit.ly The business was stated insolvent in June 2022 but continued to run. [20] The individuals mention that 1xBet structurally deniеs the genuine wins of players with countless euros in unsettled payouts.bit.ly [21] In January 2023, 1xCorp MV was stated insolvent by the Dutch Supreme Court in the Netherlands. [22] [23]

References

^ Specter, Heidi (4 August 2019). "Interview with Alex Sommers, 1xBet Spokesperson: 'We're trying to create new products'". GamblingNews. Retrieved 10 October 2023.

^ "1XBET renews Partnership with FC Barcelona". Archived from the original on 7 August 2024. Retrieved 7 August 2024.

^ a b c d e f g h i j "Stream Teams: Battery Farming Sport For Bets". Bellingcat. 21 October 2024. Archived from the original on 23 October 2024. Retrieved 22 October 2024.

^ "Start a Betting Business With 1xBet Franchise|Bett-market". bett-market. com. Archived from the original on 8 April 2023.bit.ly Retrieved 6 April 2023.

^ Belot, Henry (1 March 2024). "Cricket Australia paid to promote affiliate of questionable gambling company throughout Boxing Day Test". the Guardian. Retrieved 12 August 2024.

^ a b Williams, Sean (15 September 2023).bit.ly "The Wild Quest to Create a Fake Indian Cricket League ... That Was Just the Beginning". Sports Illustrated. Archived from the original on 3 August 2024. Retrieved 12 August 2024.

^ "1xBet confirms Mexican growth following license approval". 30 March 2020. Archived from the original on 4 February 2023. Retrieved 24 May 2023.

^ "1xBet broadens in Chile with football deal". agbrief.com. 22 March 2022. Archived from the original on 30 May 2023. Retrieved 30 May 2023.

^ "Maître Gims devient nouvel ambassadeur de 1xBet". ouragan.cd. 19 September 2024. Archived from the initial on 21 June 2024. Retrieved 20 September 2024.

^ Ungoed-Thomas, Jon; Bacon, Lucy. "Premier League clubs accused over links with wagering company". The Times. ISSN 0140-0460. Archived from the original on 7 July 2022. Retrieved 27 December 2020.

^ "FSB suspends 1xBet white label following Sunday Times examination - EGR Intel". 12 August 2019. Archived from the initial on 1 May 2024. Retrieved 7 August 2024.

^ "UKGC Opens Probe into 1xBet UK Brand on Reported Regulatory Breaches". GamblingNews. 13 August 2019. Archived from the initial on 6 July 2022. Retrieved 27 December 2020.

^ "What is the bookmaker 1XBet well-known for? (rbc description)". www.rbc.ru. 11 August 2020. Archived from the original on 29 September 2022. Retrieved 2 May 2021.

^ "Stream Teams: Battery Farming Sport For Bets". Bellingcat. 21 October 2024. Archived from the initial on 23 October 2024. Retrieved 21 October 2024.

^ Auclair, Philippe; Brown, Andy; Kerr, Jack; Kunti, Sam; Menary, Steve (21 October 2024). "Child's play". Josimar. Retrieved 21 October 2024.

^ a b Gm, 1xBet Ebene Magazine- (10 December 2020). ". EbeneMagazine - RU - "The stars use their symbols, however no one knows the owners": the main point from the Forbes text about the creators of the bookmaker 1xBet. ru". EBENE MAGAZINE (in French). Archived from the initial on 2 May 2021. Retrieved 13 January 2021.

^ a b "СК назвал подозреваемых в создании запрещенного букмекера 1XBet". РБК (in Russian). 11 August 2020. Archived from the initial on 29 September 2022. Retrieved 23 July 2021.

^ "Клиент 1XBet подал в суд на букмекера и платежные системы Подробнее на РБК". rbc.ru. 22 June 2021. Archived from the initial on 6 October 2022. Retrieved 3 October 2022.

^ El Hourri, Abdelali (14 November 2023). "Plainte de la MDJS contre 1xBet: la BNPJ entre en scene". Medias24.

^ "Russian gaming business bankrupt but still in organization in Curaçao". www.curacaochronicle.com. 30 June 2022. Retrieved 19 October 2022.

^ Woerd, Frank Op de (18 August 2021). "Belangenbehartiger doet aangifte tegen Curaçaose licentieverstrekker Cyberluck om fraude 1xBet". CasinoNieuws.nl (in Dutch). Archived from the original on 26 January 2022. Retrieved 27 November 2021.

^ Lars (20 January 2023). "Bankrupt and broadening". Josimarfootball.com. Archived from the original on 20 January 2023. Retrieved 20 January 2023.

^ Davidson, David; Smits, Henk Willem; Koens, Remy (20 June 2023). "Crypto billions and unlawful betting websites: 'Russian' 1xBet conquers the world from Curaçao". Follow the Money - Platform for investigative journalism.bit.ly Archived from the initial on 12 August 2024.