On January 25, 1xBet issued a press release to address claims made by an article published on January 23, stating that the bookmaker was facing financial problems and would have its gaming license revoked in Curacao. The brand refuted these allegations and attempted to clarify things with the following statement:
1xBet has received a Curaçao license and is now able to offer its services in the Netherlands.
In connection with a recent media report, we want to provide official information about 1xBet for your readers.
1xBet is a leading global bookmaker brand, licensed in Curacao and several other jurisdictions. Its Curacao license is valid and has not been revoked by any authority. 1xBet continues to meet its obligations to customers and partners.
We ask media members to use our company’s official data and verify the sources of any information they are considering publishing.
According to reports, 1xBet was declared bankrupt this week. However, 1xBet is one of the fastest-growing and biggest gambling brands in the world.
1XCorp’s claim that it is the “owner” of 1xBet is false. 1xBet is based in Cyprus, with thousands of employees.
1xBet is a global brand that offers sports betting, casino games, and poker.1xBet’s headquarters are located in Cyprus, but it has operations in Latin America, Europe, Africa and Asia. 1xBet products are blocked in Russia and Belarus.
The bankruptcy of 1XCorp states that the Foundation for Representation of Victims of Online Gaming (SBGOK) is seeking 830,000 euros in winnings. It also mentions that a similar case exists in Russia, including a suggestion that 1xBet lost its license to operate in Russia.
1xBet, via its global franchise model, has millions of customers placing tens of millions of bets on sports around the world. 1xBet pays out all legitimate winnings in full and without delay. It identifies suspicious bets and/ or irregular betting patterns through manual and automated monitoring systems; this is common practice within the gambling industry.
In the event of a dispute, we reserve the right to withhold payment of winnings until further investigation can be completed.
If we find that you have violated our terms and conditions, we will withhold your winnings. We are pursuing this case in Curacao because it is one of the few jurisdictions that can provide us with a judgment by default.
1XCorp does not own 1xBet. The company is based in Curacao, which once had a gaming license for various platforms.
1xBet does not have a license for the Russian market, because it did not have one initially. However, 1xBet is not accused of operating in Russia without a license, because it does not own or control any bookmaking business in Russia.
The article says that 1xBet had “secured licenses” to operate in Ukraine and that it lost its license in the country. This is not true. 1xBet made a US$1 million donation to the Red Cross relief effort in Ukraine and was one of the biggest donations from an online gaming company. As for the suggestion that 1xBet lost its license, this is untrue because several Ukrainian companies expressed an interest in using a 1xBet license on a franchise basis, but 1xBet never had any licenses in Ukraine.
1xBet stated that its licenses are valid, and that there are no problems with payouts for its players. Rumours about bankruptcy are completely false. The bookmaker does not have any involvement in the Russian industry.
