Where is the Owner of 1xBet From? Russian Origins and Global Gaming Empire

1xBet’s ownership has sparked interest and speculation in the online betting world. The company started in Russia in 2007 and grew into a global betting platform used by millions of people.

1xBet was founded by Russian entrepreneurs, with Roman Semiokhin, Dmitry Kazorin, and Sergey Karshkov identified as the primary owners through various business records and investigations. These owners maintained a low public profile while building one of the largest online betting companies in the world.

The company moved its headquarters to Cyprus in 2014, though its ownership structure remains complex with multiple subsidiary companies spread across different countries. This setup has drawn attention from regulators and investigators who track international gambling operations.

Key Takeaways

• The three Russian founders built 1xBet from a local business into a global betting empire
• Cyprus serves as the current base of operations after relocating from Russia
• Complex ownership structures spread across multiple jurisdictions shape the company’s operations

Background

1xBet operates as one of the largest online betting companies in the world, though its ownership structure remains complicated and controversial.

Overview of 1xBet

1xBet started operations in 2007 as a retail betting company in Russia. The company expanded into online betting in 2011.

The betting platform grew rapidly across Eastern Europe and Central Asia through partnerships with local operators.

1xBet holds licenses in Curacao and Cyprus, though it faces restrictions in many countries due to regulatory concerns. The company maintains its main operational base in Cyprus.

Founders of 1xBet

Three Russian entrepreneurs established 1xBet: Roman Semiokhin, Dmitry Kazorin, and Sergey Karshkov.

The founders kept a low profile until 2019, when investigations revealed their identities. Russian authorities sought the three men for questioning about illegal gambling operations.

The founders relocated from Russia to Cyprus, where they continue to oversee 1xBet’s global operations. Court documents show they maintain ownership through a complex network of shell companies.

None of the three founders gives media interviews or makes public appearances, adding to the mystery around the company’s leadership structure.

Operational Footprint

1xBet manages its operations across multiple continents through a complex network of regional offices and partnerships. The company maintains a strong presence in Europe while actively expanding into emerging markets.

Headquarters and Geography

The primary headquarters of 1xBet is located in Cyprus, where the company maintains its core administrative operations. The Cyprus base serves as the central hub for strategic planning and corporate governance.

The company operates through several subsidiary entities registered in different jurisdictions. These subsidiaries help manage regional operations and ensure compliance with local regulations.

Global Expansion

1xBet has grown significantly since its founding, expanding into more than 50 countries. The company targets markets with growing online gambling sectors and favorable regulations.

The expansion strategy focuses on securing local partnerships and obtaining necessary licenses in each jurisdiction. This approach helps 1xBet adapt to different regulatory environments.

Market Presence in Africa

Africa represents a key growth market for 1xBet, with Nigeria serving as its largest African operation. The company operates in Nigeria through BeaufortBet Nigeria Limited, licensed by the National Lottery Regulatory Commission.

1xBet has gained substantial market share in Kenya through targeted marketing campaigns and mobile-friendly platforms. The company sponsors local sports teams and events to strengthen its brand presence.

The African expansion includes partnerships with local payment providers to facilitate transactions. This strategy has helped 1xBet capture a significant portion of the region’s online betting market.

Business Model and Structure

1xBet operates through a complex network of licenses, franchises, and partnerships that span multiple countries and jurisdictions. The company maintains strict control over its brand while expanding globally through strategic business relationships.

Licensing and Regulation

1xBet’s primary operating company, 1X Corp N.V., holds a gaming license from Curaçao eGaming. This license allows the company to offer online betting services in many international markets.

The company follows regulatory requirements in each jurisdiction where it operates. In some regions, 1xBet works with local partners who hold proper gaming licenses.

Several countries have blocked access to 1xBet’s services due to licensing concerns. The company responds by creating mirror sites to maintain market presence.

Franchise Business Model

1xBet uses a franchise system to expand into new markets. Local partners receive rights to use the 1xBet brand and betting platform in specific territories.

Franchisees must follow strict brand guidelines and operational procedures. They handle local marketing, customer support, and payment processing.

The company provides technical support and betting products to its franchise partners. This model helps 1xBet grow while reducing direct operational costs.

Subsidiaries and Partnerships

1xBet forms partnerships with sports teams and leagues to increase brand visibility. Notable deals include agreements with FC Barcelona and Serie A.

The company works with multiple payment providers to process transactions across different regions. These partnerships enable customers to use local payment methods.

Technical partnerships with game developers and betting software providers help expand the platform’s offerings. This includes relationships with major casino game suppliers and live dealer providers.

Products and Services

1xBet offers a wide range of betting and gaming options through its online platform. The company serves millions of users with sports betting, casino games, and specialized betting markets.

Sportsbook and Online Betting

1xBet’s sportsbook features more than 50 different sports with thousands of daily betting markets. Users can place bets on popular sports like soccer, basketball, and tennis.

Live betting lets players wager on matches in real-time with quick odds updates. The platform displays detailed statistics and live scores to help inform betting decisions.

Pre-match betting covers major leagues and smaller competitions across the globe. Players can choose from single bets, accumulators, and system bets.

The mobile app and website offer betting features like cash out, bet builder, and live streaming of select events.

Casino Games and Virtual Options

The casino section includes over 1,000 slots from top gaming providers like NetEnt and Microgaming. Table games feature multiple variants of blackjack, roulette, and poker.

Live casino games connect players with real dealers through video streams. Popular options include baccarat, game shows, and specialized poker rooms.

Virtual sports provide computer-generated matches in soccer, horse racing, and other sports. These events run 24/7 with new games starting every few minutes.

Esports and Specialized Betting

The esports section covers major titles like CS, Dota 2, and League of Legends. Players can bet on match winners, map totals, and other specific outcomes.

Tournament coverage includes premier events and smaller regional competitions. Live streaming integration lets users watch matches while placing bets.

Special betting markets extend to politics, entertainment, and weather events. The platform also features TV game shows and unique virtual sports leagues.

Corporate Relations

1xBet maintains extensive business connections in sports and entertainment through major sponsorship deals and partnerships, though its corporate reputation faces scrutiny.

Sponsorships and Partnerships

1xBet secured high-profile partnerships with FC Barcelona and Chelsea FC in 2019. Both clubs ended their agreements early due to regulatory concerns.

The company sponsored Liverpool FC briefly in 2019 before the partnership was terminated. They also partnered with Paris Saint-Germain as an official regional betting partner in Asia.

In esports, 1xBet sponsors several major organizations and tournaments. They work with ESL Gaming to support Counter-Strike and Dota 2 competitions.

The firm maintains active sponsorships in African football, including deals with the Nigeria Football Federation and Confédération Africaine de Football (CAF).

Reputation and Associations

1xBet faces ongoing questions about its corporate practices and regulatory compliance. Multiple gambling authorities have flagged concerns about the company’s operations.

The UK Gambling Commission suspended 1xBet’s license in 2019 after investigations into irregular practices. Several European countries restrict access to 1xBet’s services.

The company continues operating in many markets through local licenses and partnerships. They maintain a significant presence in Eastern Europe, Asia, and Africa.

Legal challenges and regulatory scrutiny have impacted 1xBet’s ability to form partnerships with major sports brands in regulated markets.

Legal and Regulatory Challenges

1xBet faces serious legal issues across multiple countries due to unlicensed gambling operations and alleged financial crimes.

Investigations and Legal Status

The UK Gambling Commission banned 1xBet in 2019 after discovering the company operated without proper licensing. British authorities launched criminal investigations into the company’s activities.

Russian law enforcement agencies opened cases against 1xBet in 2014 for illegal gambling operations. The company faced charges of tax evasion and money laundering.

Several governments have blocked access to 1xBet websites. The company operates through mirror sites to bypass these restrictions.

Compliance and Market Withdrawals

The Curacao Gaming Authority suspended 1xBet’s license in 2023 due to regulatory violations. This forced the company to exit many European markets.

Players report problems with unpaid winnings after 1xBet’s withdrawal from regulated markets. The total amount of disputed payments remains unknown.

The company filed for bankruptcy in Cyprus in 2021. This left many customers unable to withdraw their funds.

1xBet continues to accept bets in some countries through offshore entities, despite lacking proper gambling licenses.

Customer Experience

1xBet focuses heavily on user satisfaction through dedicated support, personalized features, and rewarding promotions.

Support and Service

The betting platform offers 24/7 customer support through multiple channels. Users can reach agents via live chat, email, or phone.

Response times average under 2 minutes for live chat inquiries. Email responses typically arrive within 24 hours.

Support is available in 50+ languages through native-speaking representatives. Technical issues get resolved through a specialized tech support team.

User-Centric Features

The platform includes customizable odds formats and language settings. Users can save their favorite sports and betting markets for quick access.

The mobile app works on both iOS and Android devices. It offers the same functions as the desktop version.

A one-click betting option lets users place bets faster. The cash-out feature gives players control over their active bets.

Bonuses and Promotions

New users receive a 100% match bonus up to €100 on their first deposit. The welcome bonus requires a minimum deposit of €1.

Regular players earn loyalty points on every bet. These points can be exchanged for free bets or cash prizes.

Weekly reload bonuses range from 25% to 100% of deposit amounts. Sports-specific promotions target major events like the World Cup or Champions League.

The VIP program includes personal account managers and exclusive bonuses. Higher betting volumes unlock better rewards and faster withdrawals.

Awards and Recognitions

1xBet has gained recognition from major gambling industry award ceremonies, though specific wins remain limited compared to other betting operators.

Industry Awards and Honors

1xBet received a nomination for Sportsbook Operator of the Year at the 2019 SBC Awards. The company competed against established brands in sports betting.

The nomination highlighted 1xBet’s growing presence in international markets and technological capabilities. Their platform’s features and betting options earned praise from industry experts.

In 2020, 1xBet made the shortlist at the Sigma Americas Awards. The nomination recognized their expansion into Latin American markets.

The betting operator’s mobile platform received special mention for its user interface and features. This acknowledgment came from a panel of independent industry judges.

Yet public records show few major industry award wins for 1xBet compared to competitors. Their nominations demonstrate industry visibility without translating to top honors.

Frequently Asked Questions

The ownership and legal status of 1xBet remains complex, with the company facing different regulations across various countries while maintaining significant market presence and financial success.

Frequently asked Questions

In this section of our blog, we’re diving deep into the most frequently asked questions about online casinos, focusing specifically on 1xBet. Whether you’re curious about 1xBet’s ownership, legality, safety, or how to navigate its features, we’ve got you covered. Our goal is to provide clear, concise answers to help you make informed decisions about using 1xBet for your online gaming experience. From understanding deposit and withdrawal processes to exploring the platform’s global presence, we’ll address all your concerns. So, let’s get started and explore everything you need to know about 1xBet in the online casino world.

How much is 1xBet worth?

So, I couldn’t find the exact current value of 1xBet. But back in 2021, the company reportedly made over US$655 million from illegal gambling activities. (Wikipedia)

Who owns 1xBet?

1xBet was founded by Roman Semiokhin, Dmitry Kazorin, and Sergey Karshkov. These guys are from Russia and have Cypriot citizenship. (Wikipedia)

Is it safe to use 1xBet?

Honestly, using 1xBet can be risky. The company has faced legal issues in multiple countries, including having its license rescinded in the UK for promoting controversial content. (Wikipedia)

Who is CEO of 1xBet?

Couldn’t find a specific CEO for 1xBet, but Alex Sommers is known as the company’s spokesperson. (Wikipedia)

How risky is 1xBet?

1xBet has been involved in various controversies and legal troubles in several countries, which makes using it pretty risky. (Wikipedia)

Which country is 1xBet from?

1xBet is based in Cyprus and was founded by Russian nationals. (Wikipedia)

Is 1xBet owned by Russia?

While 1xBet was founded by Russians, it’s currently based in Cyprus and operates internationally. (Wikipedia)

Does 1xBet allow VPN?

1xBet’s terms and conditions don’t explicitly mention VPN usage, but using a VPN might violate their policies and could lead to account issues.

Which VPN is best for 1xBet?

Can’t recommend a specific VPN for 1xBet since using one might breach their terms and conditions.

Why is my withdrawal rejected on 1xBet?

Withdrawal issues on 1xBet can happen due to various reasons like not meeting wagering requirements, account verification problems, or breaching terms and conditions.

Why am I unable to withdraw money from 1xBet?

If you’re having trouble withdrawing, it could be due to unmet wagering requirements, pending account verification, or potential breaches of their terms.

Is it safe to withdraw money from 1xBet?

Withdrawing money from 1xBet can be challenging due to reported issues with payouts and the company’s legal troubles. (Wikipedia)

Is 1xBet legal in Australia?

1xBet has been blocked in Australia since 2018 after an investigation found it was offering illegal gambling services. (ABC News)

Is online gambling banned in Australia?

Online gambling isn’t completely banned in Australia, but the Interactive Gambling Act 2001 restricts certain types, especially unlicensed operators. (Wikipedia)

Is gambling taxed in Australia?

Yeah, gambling winnings in Australia are generally not taxed for individuals, but operators do pay taxes on their earnings.

Is bet365 legal in Australia?

Bet365 operates legally in Australia as it holds the necessary licenses to offer betting services.

How much do Australians lose on gambling?

Australians lose billions annually on gambling, making it one of the highest per capita gambling losses worldwide.

Why can’t I open 1xBet?

If you’re in Australia, you might have trouble accessing 1xBet because it’s been blocked due to legal issues. (ABC News)

Is 1xBet legal in the USA?

Nope, 1xBet isn’t legal in the USA and isn’t allowed to operate there. (Wikipedia)

What is the highest payout on 1xBet?

Couldn’t find specific info on the highest payout limits on 1xBet.

Is 1xBet legal in New Zealand?

1xBet’s legal status in New Zealand is unclear, so it’s best to consult local regulations before using it.

Is 1xBet haram in Islam?

Gambling is generally considered haram (forbidden) in Islam, so using platforms like 1xBet would be against Islamic teachings.

How to make money on 1xBet?

Making money on 1xBet involves placing successful bets, but remember, gambling carries significant risks, and you can lose money too.

Can you cash out on 1xBet?

Yeah, 1xBet offers a cash-out feature that lets you settle a bet before the event concludes.

What happens if a match is abandoned in 1xBet?

If a match is abandoned, 1xBet’s rules usually state that bets are voided, and stakes are returned, but it’s good to check their specific terms.

Is 1xBet banned in Canada?

1xBet’s status in Canada is a bit murky, so it’s wise to check local laws before using it.

How can I open a 1xBet account?

To open a 1xBet account, visit their website and follow the registration process, but be aware of your country’s legal stance on online gambling.

Is online gambling illegal in New Zealand?

Online gambling in New Zealand is regulated, and only operators licensed by the government can legally offer services.

How much can I withdraw from 1xBet?

Withdrawal limits on 1xBet depend on the payment method used; it’s best to check their website for specific details.

Can I delete my 1xBet account permanently?

To permanently delete your 1xBet account, you’ll need to contact their customer support.

Can I withdraw my 300 bonus on 1xBet?

Bonuses on 1xBet usually have wagering requirements before they can be withdrawn.

How to transfer money to 1xBet?

You can deposit money into your 1xBet account using various payment methods available in your region.

Who is the richest woman in the world?

As of 2024, Francoise Bettencourt Meyers (L’Oreal heiress) is the richest woman in the world.

Who owns Sportsbet?

Sportsbet is owned by Flutter Entertainment, the same company that owns Betfair and Paddy Power.

What is the safest bet?

A “double chance” or “draw no bet” is usually considered a safer betting option.

Why is 1xBet banned in India?

1xBet is banned in India because online gambling laws vary by state, and many states prohibit offshore betting sites.

Why is 1xBet rejecting my deposit?

Deposit issues can happen due to payment method restrictions, account verification problems, or bank rejections.

Who owns the 1xBet company?

Roman Semiokhin, Sergey Karshkov, and Roman Potapov founded and own 1xBet. The three Russian businessmen established the company in 2007.

What is the origin country of 1xBet?

1xBet started operations in Russia in 2007. The company began as a retail betting operation with physical locations across Russia.

Is 1xBet a legally operating company in Australia?

1xBet does not hold a legal license to operate in Australia. The Australian Communications and Media Authority (ACMA) has blocked access to 1xBet’s websites.

In which country is 1xBet illegal to use?

1xBet faces bans in multiple countries. The United Kingdom banned 1xBet in 2019 after investigations revealed regulatory violations.

The company also faces restrictions in Russia, where it originated, and several European Union member states.

Where can you find the headquarters of 1xBet?

1xBet’s main headquarters is located in Cyprus. The company moved its operations there after facing regulatory challenges in Russia.

What is the net worth of 1xBet’s owner?

The exact net worth of 1xBet’s owners remains private information. The company generates billions in annual revenue, with estimates ranging between $2 billion to $6 billion yearly.