1xBet Accused of Running Illegal Activities in Regions Where It Is Banned: Investigation

A recent investigation has raised significant questions concerning the operations of crypto-friendly sports betting company 1xBet

A recent investigation has uncovered potentially illegal operations by crypto-friendly sports betting company 1xBet in regions where it is banned. Founded in Russia and licensed in Curacao, 1xBet is a major player in the global cryptocurrency gambling market, offering a wide range of betting options, including sports events and casino games.

Bellingcat, an investigative journalism group, has published allegations detailing 1xBet's activities in areas where the platform is officially banned from operating. The exposé, presented in collaboration with football-focused investigative outlet Josimar, claims that the sports betting platform runs “industrial scale games” from educational facilities.

The investigation suggests that 1xBet may be streaming amateur sports events that are manipulated for betting purposes. According to the investigation, these events, which include football and floorball matches, involve underage players and participants who are instructed to maintain specific scoring limits.

Some of these matches also reportedly feature unauthorized representations of well-known football clubs. The venues hosting these games have allegedly been linked to Russian state entities, raising concerns about compliance with regulations and the safety of children involved in the matches.

Established in 2007 in Russia, 1xBet initially operated as a traditional sports betting platform before integrating cryptocurrency into its services. As the popularity of digital currencies grew, 1xBet adapted by allowing customers to make deposits and withdrawals using various cryptocurrencies, such as Bitcoin.

However, this adaptation has also drawn the attention of regulators and watchdog organizations, who are concerned about the potential for facilitating illegal gambling activities and money laundering through cryptocurrency sports betting or casino operations.

While the report published by Bellingcat claims that 1xBet did not respond to media inquiries, these community-led investigative efforts highlight the need for increased oversight in the online gambling industry, especially regarding the protection of vulnerable individuals participating in sports.

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