Online Gambling Company
1xBet is an online gambling company licensed by Curaçao eGaming License. It was founded in 2007 and registered0️⃣ in Cyprus. In 2024, they experienced considerable growth, briefly sponsoring Chelsea FC and Liverpool FC.[2][3] The organisation operates a franchise0️⃣ 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 the0️⃣ Nigerian Football Federation and African Confederation of Football. Later, in January 2024, 1xBet was granted a Nigerian national licence and0️⃣ expanded into the region.[6]
In 2024, 1xBet announced that the company had signed an agreement with MGA Games, expanding its portfolio0️⃣ to include a range of new online slot and video bingo games.[7]
In March 2024, 1xBet confirmed the company’s expansion into0️⃣ the Mexican market following its approval for an operational licence. The company also announced its plan to focus on the0️⃣ esports betting market within the Latin American country.[8]
In March 2024, 1xBet expanded into the Chilean market via the signing of0️⃣ a partnership agreement with the Chilean football championship, with the company becoming part of the 138 matches of the 20240️⃣ season.[9]
During August 2024, 1xBet announced that – as part of its expansion plan – the company had acquired a partnership0️⃣ deal with local Latin American payment company PayRetailers. The partnership saw the companies deploying a payment strategy tailored to the0️⃣ Latin American region.[10]
In August 2024, 1xBet signed an operation agreement with DS Virtual Gaming (DS VG). The agreement resulted in0️⃣ 1xBet expanding its virtual sports offering with DS VG’s virtual games, including RacingDogs, RacingHorses and Roulette.[11]
In May 2024, OneTouch, a0️⃣ supplier of mobile slot and table games, announced an agreement with 1xBet. The deal would see OneTouch’s full library of0️⃣ both mobile and table games added to the 1xBet games portfolio.[12]
In July 2024, FC Barcelona announced they had signed a0️⃣ partnership with 1xBet to name the company as the team's new global partner. The partnership will see the organisations working0️⃣ together in different activities with the partnership running until 30 June 2024.[13]
In May 2024, 1xBet signed an agreement to become0️⃣ the title partner of esports organisation Team Spirit.[14]
During May 2024, esports organisation OG Esports announced that the company had signed0️⃣ a sponsorship deal with 1xBet. The agreement names 1xBet as OG's official betting sponsor, with the company logo to appear0️⃣ on Dota 2 roster jerseys.[15][16]
On 1 August 2024, Paris Saint-Germain announced 1xBet as their new regional partner in Africa and0️⃣ Asia.[17]
In August 2024, esports gaming organisation Tundra Esports announced a three-year contract naming 1xBet as Tundra's official betting sponsor, with0️⃣ the company logo to appear on Dota 2 roster jerseys and events to take place on the 1xBet website.[18][19]
In September0️⃣ 2024, 1xBet were announced as the 'Official Regional Partner' of French football club LOSC Lille. The agreement grants 1xBet promotional0️⃣ rights to use the club's logos and player
, in addition to match advertising.[20]
During February 2024, The Professional Fighters League0️⃣ (PFL) announced a new sponsorship deal with 1xBet. The deal names 1xBet as the official sportsbook for the PFL in0️⃣ Latin America and Saharan Africa.[21][22] Also in February 2024, the Tajikistan Higher League announced 1xBet as their new title sponsor.[23]
In0️⃣ May 2024, Samuel Eto signed a two-year contract to become 1xBet's brand ambassador.[24]
In 2024/24 season Of Indian Super League club0️⃣ Mohun Bagan Super Giant sign 1xBet as shirt sponsor.
Accolades
In June 2024, 1xBet was named 'Sportsbook Operator of the Year' at0️⃣ the SiGMA Americas Awards.[25]
Controversies
Following an investigation by The Sunday Times in 2024, 1xBet's licence was rescinded by the UK Gambling0️⃣ Commission (UKGC) after revelations of involvement "promoting a "pornhub casino", bets on children's sports and advertising on illegal websites."[26]
1xBet features0️⃣ 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 in0️⃣ August 2024, the Directorate of the Investigative Committee for the Russian Bryansk Region released the names of the supposed creators0️⃣ of 1xBet. These are "Sergey Karshkov", "Roman Semiokhin" and "Dmitry Kazorin".[30]
The trio are suspected of organizing the online bookmaker 1xBet,0️⃣ and are defendants in a criminal case, with penalty of imprisonment. A number of estates in Russia with a total0️⃣ value of 1.5 billion rubles were seized.[30] The Investigative Committee of Russia has put them on the international wanted list.0️⃣ All three have Cypriot citizenship.[29]
In 2024, Parlan Law Firm announced a search for victims of 1Xbet in Russia. The company0️⃣ has organized a service for filing applications to the investigative committee. They filed a lawsuit against the owner of the0️⃣ Russian version of 1xBet - bookmaker 1xStavka.[31]
In 2024, Morocco's National Judicial Police Brigade (BNPJ) opened a mass investigation into 1xBet0️⃣ among other gambling websites on charges of operating an illegal gambling enterprise following a complaint by MDJS.[32]
Bankruptcy
In November 2024 1xBet's0️⃣ subsidiary company, 1хCorр MV, filed for bankruptcy in a Curaçao court after it refused to refund a group of gamblers0️⃣ represented by the foundation for curaçao gaming victims. The company was declared bankrupt in June 2024 but continued to operate.[33]
The0️⃣ individuals state that 1xBet structurally deniеs the legitimate wins of players with millions of euros in unpaid winnings.[34]
In January 2024,0️⃣ 1xBet was declared bankrupt by the Dutch Supreme Court in the Netherlands.[35]
