Market1xBet
Company Profile

1xBet

1xBet is an online gambling company licensed by Curaçao eGaming License. The company was founded in 2007 and is headquartered in Cyprus. 1xBet is one of the world's largest online casinos and according to Sports Illustrated "probably the biggest sportsbook on the planet". The company sponsors major professional football teams such as Spain's FC Barcelona, Ecuador's Barcelona S.C., France's Paris Saint-Germain and Esports teams including OG Esports, Team Spirit, Made in Brazil and Tundra Esports.

History
The company was founded in Russia by Roman Semiokhin, Dmitry Kazorin, and a former Russian intelligence agent named Sergey Karshkov (d. June 2023). In March 2022, 1xBet expanded into the Chilean market by signing a partnership agreement with the Chilean football championship, with the company becoming part of the 138 matches of the 2022 season. In November 2022, Lethwei world champion Dave Leduc became an ambassador 1xBet in Myanmar and also Cambodia. In October 2023, Congolese singer GIMS became an ambassador for 1xBet. however the sponsorship was later dropped mid-season. In April 2025, 1xBet was named the Official Global Betting Partner of the Billie Jean King Cup. The deal includes exclusive branding rights across qualifiers, playoffs, and finals until 2026, marking the first standalone betting sponsorship for the tournament. In October 2025, 1xBet was also named the Official Betting Partner of the ATP Challenger Tour, with the partnership covering more than 30 tournaments across Europe, Asia, North and South America. == Licensing ==
Licensing
In Ireland, the 1xBet brand is operated by Terminus Platform Ireland Limited, which holds Remote Bookmaker's Licence No. 1019276 issued by the Office of the Revenue Commissioners. The licence entry lists the trading name as "1XBET" and the registered address as MC Penrose Wharf, Penrose Quay, Cork. == Controversy ==
Controversy
In 2019, The Sunday Times conducted an investigation, which led to 1xBet's licence to be revoked by the UK Gambling Commission after revelations of involvement 'promoting a "pornhub casino', bets on children's sports and cockfighting, and advertising on illegal websites." In 2020, 1xBet was added to Russia's blacklist of payment processors and the Federal Tax Service. In 2024, Bellingcat and the platform Josimar reported that 1xBet allegedly organized thousands of live-streamed amateur games involving fake teams and children as young as 14 years old. == Criminal investigation ==
Criminal investigation
In early 2020, awareness was raised of an unlawful practice, an international arrest warrant was issued by Russian authorities. All three have Cypriot citizenship. In 2023, 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. In November 2021 1xBet's subsidiary company, 1xCorp 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. The individuals state that 1xBet structurally denies the legitimate wins of players with millions of euros in unpaid winnings. In January 2023, 1xCorp MV was declared bankrupt by the Dutch Supreme Court in the Netherlands. == Awards ==
Awards
In December 2023, 1xBet was nominated in the Scandinavian online gambling market at the EGR Nordics Awards. The nominations included Affiliate Programme, Casino Operator, Customer Services Operator, Marketing Campaign, Operator of the Year, Sports Betting Operator, and Sports Betting Platform. In 2024, 1xBet was named Best Esport Operator in Latin America at the SiGMA Americas Awards, held in São Paulo. On June 4, 2024, 1xBet also won Digital Sports Betting Operator of the Year and Best Affiliate Program award at the Global Gaming Expo (G2E Asia) Asia-Pacific 2024 held at SMX Convention Center in Manila. In January 2025, 1xBet won the Mobile Sports Product of the Year at International Gamers Awards, held in Barcelona. The company was also awarded Best Sportsbook Operator in Latin America at the SiGMA Americas Awards, held in São Paulo. The company was recognized for its sportsbook platform and robust marketing presence across Latin America. ==References==
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