Which country made 1xBet?

1X Corp N.V. (also known as ""1xBet"") is an online gambling company licensed by Curaçao eGaming License. It was founded in 2007 and registered in Cyprus.

en.wikipedia.org - 1xBet - Wikipedia

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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Online Gambling Company

1X Corp N.V. (also known as "1xBet") is an online gambling company licensed by Curaçao eGaming License. It was founded in 2007 and registered in Cyprus. In 2019, they experienced considerable growth, briefly sponsoring Chelsea FC and Liverpool FC before being ousted for their involvement in illegal activities. Initially a Russian Casino, it expanded its online presence in 2014 by partnering with 'BookmakerPub'. It maintains operations in Malta, Cyprus and Abuja (Nigeria). As of January 2022, 1xBet no longer appears to be located in Curaçao[citation needed] after being declared bankrupt. A lawsuit[which?] against the company and its licensor remain open. The website continues to operate online.

Controversies

Following an investigation by The Sunday Times in 2019, 1xBet's license was rescinded by the UK Gambling Commission (UKGC) after revelations of involvement "promoting a "pornhub casino", bets on children's sports and advertising on illegal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."[1] Despite legal issues in the United Kingdom, as of 2020, 1xBet continued to sponsor FC Barcelona, Seria A, and the Confederation of African Football (CAF), among various other sports.[2] 1xBet retains its reputation as one of the world's most controversial betting firms,[citation needed] featuring on Russia's payment processor and Federal Tax Service blacklist.[3][4]

Criminal investigation

In early 2020, awareness was raised of an ongoing scam involving embezzlement[citation needed] and unlawful practice,[5] highlighting attention through diplomatic channels.[citation needed] 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".[6] 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.[6] The Investigative Committee of Russia has put them on the international wanted list. All three have Cypriot citizenship.[5] 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.[7]

Bankruptcy

In November 2021 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 2022 but continued to operate.[8] The individuals state that 1xBet structurally deniеs the legitimate wins of players with millions of euros in unpaid winnings.[9] In May 2022, 1xBet signed an agreement to become the title partner of esports organisation Team Spirit.[10] On 1 August 2022, Paris Saint-Germain announced 1xBet as their new regional partner in Africa and Asia.[11]

Alleged owners

Karshkov, an ex-police major and head of the "K" department of the Internal Affairs Directorate for the Bryansk region - was granted Cypriot citizenship in 2020 by obtaining a "Golden Passport" through substantial investments in the country. Alongside Russian billionaire Semiokhin and Kazorin, all three have fled to Cyprus to avoid Russian prosecution.[12]

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Who is the CEO of 1XBET?

At the unveiling in Lagos, Chairman 1XBET Nigeria Limited, Femi Babalola, explained that Davido's persona aligned with the brand's vision to maintain its status as a renowned betting company in the world, as well as providing the best online, shop and mobile betting experience in Nigeria.

allafrica.com - Nigeria: 1XBET Unveils Davido As Brand Ambassador - allAfrica.com

With the ambassadorial deal, Davido would be the face of 1XBET in upcoming marketing campaigns and customer engagement platforms. At the unveiling in Lagos, Chairman 1XBET Nigeria Limited, Femi Babalola, explained that Davido's persona aligned with the brand's vision to maintain its status as a renowned betting company in the world, as well as providing the best online, shop and mobile betting experience in Nigeria. He said: "We are pleased to announce one of Nigeria's top music superstars as our brand ambassador. Davido's vibrant persona and a worldwide appeal is something we love and this represents another positive step in the right direction for the brand." Davido, in his remark, said he was delighted to be part of the vision of one of the best international sports betting companies in the world. "I am super excited to be part of 1XBET vision. I'm a massive fan of soccer. So this partnership brings me closer to the things I have passion for. I am particularly excited to be a part of this new journey and I am looking forward to working with 1XBET," he said. 1XBET is a unique betting platform that offers punters a huge welcome bonus, great bet odds and fast payment on winnings. The platform also provides sports lovers and bettors exciting gaming experience on pre-match, in-play and virtual games across sporting events such as basketball, football, volleyball, Tennis, Hockey and others.

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