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The company was also awarded Best Sportsbook Operator in Latin America at the SiGMA Americas Awards, held in São Paulo. The individuals state that 1xBet structurally denies the legitimate wins of players with millions of euros in unpaid winnings. In November xBet’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. International arrest warrants have been issued for the company’s three founders, one of whom reportedly died in Switzerland in 2023.
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In 2026, 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. By 2021, their company had made more than US$655 million in illegal gambling. The company was founded in Russia by Roman Semiokhin, Dmitry Kazorin, and a former Russian intelligence agent named Sergey Karshkov (d. June 2023). This has led the company to shift its focus towards Africa, South America, South East Asia and India. Following investigations into its finances, the company is prohibited from operating in a number of countries, including the United States, the United Kingdom, Russia, France and Spain.
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