1xbet

1xBet
Type of businessFranchising
Type of site
Private
Available inEnglish
Russian
Founded2007
Headquarters,
Area servedInternational
Key peopleAlex Sommers (spokesperson)[1]
IndustryOnline gambling
ServicesOnline betting & gaming
Employees5000 (2022)[2]
Subsidiaries1xbetaffiliates, partners1xbet
URL1xbet.com

1xBet is an online gambling company licensed by Curaçao eGaming License. It was founded in 2007, is based in Cyprus, and licensed in Curacao.[3]

The organisation operates a franchise business model.[4] Following revelations into the company's finances, it is not allowed to operate in a variety of countries[5] including the US, UK, Russia, France and Spain. International arrest warrants have been issued for the company's three founders, one of whom reportedly died in Switzerland in 2023.[3] Amid these controversies, the company changed its focus to Africa, South America and India.[6]

1xBet is one of the world's largest online casinos, accepting bets on amateur sporting events, including children's sports, broadcast live on its website.[3] The company has also accepted betting on cockfighting.[3] Despite the controversial nature of the company, it is a sponsor of FC Barcelona until 2029 and Paris Saint-Germain until 2025.[3]

  1. ^ Specter, Heidi (4 August 2019). "Interview with Alex Sommers, 1xBet Spokesperson: 'We're trying to create new products'". GamblingNews. Retrieved 10 October 2023.
  2. ^ "1XBET renews Partnership with FC Barcelona".
  3. ^ a b c d e Cite error: The named reference bellingcat2024 was invoked but never defined (see the help page).
  4. ^ "Start a Betting Business With 1xBet Franchise | Bett-market". bett-market.com. Archived from the original on 8 April 2023. Retrieved 6 April 2023.
  5. ^ Belot, Henry (1 March 2024). "Cricket Australia paid to promote affiliate of controversial gambling company during Boxing Day Test". the Guardian. Retrieved 12 August 2024.
  6. ^ Williams, Sean (15 September 2023). "The Wild Quest to Create a Fake Indian Cricket League ... That Was Just the Beginning". Sports Illustrated. Retrieved 12 August 2024.