Online Gambling Company
1xBet is an online gambling company licensed by Curaçao eGaming License. It was founded in 2007 and registered 💸 in Cyprus. In 2024, they experienced considerable growth, briefly sponsoring Chelsea FC and Liverpool FC.[2][3] The organisation operates a franchise 💸 business model.[4]
Expansion
Since the company's inception in 2007, 1xBet has operated within the Indian Market.[5]
In 2024, 1xBet made partnerships with the 💸 Nigerian Football Federation and African Confederation of Football. Later, in January 2024, 1xBet was granted a Nigerian national licence and 💸 expanded into the region.[6]
In 2024, 1xBet announced that the company had signed an agreement with MGA Games, expanding its portfolio 💸 to include a range of new online slot and video bingo games.[7]
In March 2024, 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.[8]
In March 2024, 1xBet expanded into the Chilean market via the signing of 💸 a partnership agreement with the Chilean football championship, with the company becoming part of the 138 matches of the 2024 💸 season.[9]
During August 2024, 1xBet announced that – as part of its expansion plan – the company had acquired a partnership 💸 deal with local Latin American payment company PayRetailers. The partnership saw the companies deploying a payment strategy tailored to the 💸 Latin American region.[10]
In August 2024, 1xBet signed an operation agreement with DS Virtual Gaming (DS VG). The agreement resulted in 💸 1xBet expanding its virtual sports offering with DS VG’s virtual games, including RacingDogs, RacingHorses and Roulette.[11]
In May 2024, OneTouch, a 💸 supplier of mobile slot and table games, announced an agreement with 1xBet. The deal would see OneTouch’s full library of 💸 both mobile and table games added to the 1xBet games portfolio.[12]
In July 2024, FC Barcelona announced they had signed a 💸 partnership with 1xBet to name the company as the team's new global partner. The partnership will see the organisations working 💸 together in different activities with the partnership running until 30 June 2024.[13]
In May 2024, 1xBet signed an agreement to become 💸 the title partner of esports organisation Team Spirit.[14]
During May 2024, esports organisation OG Esports announced that the company had signed 💸 a sponsorship deal with 1xBet. The agreement names 1xBet as OG's official betting sponsor, with the company logo to appear 💸 on Dota 2 roster jerseys.[15][16]
On 1 August 2024, Paris Saint-Germain announced 1xBet as their new regional partner in Africa and 💸 Asia.[17]
In August 2024, esports gaming organisation Tundra Esports announced a three-year contract naming 1xBet as Tundra's official betting sponsor, with 💸 the company logo to appear on Dota 2 roster jerseys and events to take place on the 1xBet website.[18][19]
In September 💸 2024, 1xBet were announced as the 'Official Regional Partner' of French football club LOSC Lille. The agreement grants 1xBet promotional 💸 rights to use the club's logos and player
, in addition to match advertising.[20]
During February 2024, The Professional Fighters League 💸 (PFL) announced a new sponsorship deal with 1xBet. The deal names 1xBet as the official sportsbook for the PFL in 💸 Latin America and Saharan Africa.[21][22] Also in February 2024, the Tajikistan Higher League announced 1xBet as their new title sponsor.[23]
In 💸 May 2024, Samuel Eto signed a two-year contract to become 1xBet's brand ambassador.[24]
In 2024/24 season Of Indian Super League club 💸 Mohun Bagan Super Giant sign 1xBet as shirt sponsor.
Accolades
In June 2024, 1xBet was named 'Sportsbook Operator of the Year' at 💸 the SiGMA Americas Awards.[25]
Controversies
Following an investigation by The Sunday Times in 2024, 1xBet's licence was rescinded by the UK Gambling 💸 Commission (UKGC) after revelations of involvement "promoting a "pornhub casino", bets on children's sports and advertising on illegal websites."[26]
1xBet features 💸 on Russia's payment processor and Federal Tax Service blacklist.[27][28]
Criminal investigation
In early 2024, awareness was raised of an unlawful practice.[29]
Later in 💸 August 2024, 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".[30]
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.[30] The Investigative Committee of Russia has put them on the international wanted list. 💸 All three have Cypriot citizenship.[29]
In 2024, 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.[31]
In 2024, 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 by MDJS.[32]
Bankruptcy
In November 2024 1xBet's 💸 subsidiary company, 1хCorр MV, filed for bankruptcy in a Curaçao court after it refused to refund a group of gamblers 💸 represented by the foundation for curaçao gaming victims. The company was declared bankrupt in June 2024 but continued to operate.[33]
The 💸 individuals state that 1xBet structurally deniеs the legitimate wins of players with millions of euros in unpaid winnings.[34]
In January 2024, 💸 1xBet was declared bankrupt by the Dutch Supreme Court in the Netherlands.[35]
