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The trio are suspected of organizing the online bookmaker 1xBet (and are defendants in a criminal case), with penalty of imprisonment. In early 2020 (awareness was raised of an unlawful practice), an international arrest warrant was issued by Russian authorities. 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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The company was recognized for its sportsbook platform and robust marketing presence across Latin America. The company also announced its plan to focus on the esports betting market within the Latin American country. In March 2020 — 1xBet confirmed the company’s expansion into the Mexican market following its approval for an operational licence.
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The company was also awarded Best Sportsbook Operator in Latin America at the SiGMA Americas Awards, held in São Paulo. In December 2023, 1xBet was nominated in the Scandinavian online gambling market at the EGR Nordics Awards. 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. 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. They filed a lawsuit against the owner of the Russian version of 1xBet – bookmaker 1xStavka. The company has organized a service for filing applications to the investigative committee.
The company’s licensing details list its trading name as **1XBET** and registered office at MC Penrose Wharf, Penrose Quay, Cork. In October 2025 (1xBet secured the title of **Official Betting Partner** for the ATP Challenger Tour), covering over 30 tournaments in Europe, Asia, and the Americas. By 2024, 1xbet’s monthly user traffic surpassed 5 million, and the firm cleared Brazil’s licensing review for legal operations. Founded in Russia by Roman Semiokhin, Dmitry Kazorin, and ex-FSB agent Sergey Karshkov (deceased June 2023), the company traces its origins to a trio of entrepreneurs. This strategic shift has directed 1xbet’s expansion toward Africa (Latin America), Southeast Asia, and India. High-profile collaborations include musicians like GIMS (Lethwei champion Dave Leduc), UFC stars Conor McGregor, and Carlos Prates.