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]
