In connection with a new media report that appeared on a small sports site featuring accurate data about 1xBet, we believe it is appropriate to provide official information that is fully relevant to the true state of affairs.
1xBet is a leading global bookmaker brand that has licenses in several international markets, including Curacao, which is home to many global games and betting companies.
1xBet has found no problem with its Curacao license, which remains valid.
1xBet and the franchise continue to fulfill their obligations to customers and partners.
1xBet urges interested members of the media to use the official data of our company and carefully verify the source of information.
On January 20, 2023, an article appeared in Josimar, a sports site less visited, alleging that 1xBet has “declared bankrupt”.
Josimar has occasionally covered 1xBet in the month and the coverage has been filled with factual accuracy, this new article is no exception. The article can only be described as a mixture of fantasy and littering of random statements with no basis in reality or reality.
However, in this case, we are talking about the reputation of our brand and we want to refute the “information” presented in the article.
It states that 1xBet “declared bankruptcy this week”. This is, of course, complete nonsense. 1xBet is one of the fastest-growing and largest gambling brands in the world.
It states that 1XCorp, a Curacao company, is the “owner” of 1xBet. This is false. 1xBet headquarters in Cyprus with thousands of employees.
It states that 1xBet is a “Russian bookmaker”. This is false. 1xBet is a global gambling brand, headquartered in Cyprus with operations across Latin America, Europe, Africa, and Asia, operating through a franchise model. Their products and services are blocked in Russia and Belarus.
It states that the bankruptcy of 1XCorp is related to the action taken by the Foundation for the Representation of Online Game Victims (SBOK), which supposedly “represents customers who claim to have” approximately 830,000 euros “in winnings.
It states that the same case exists in Russia, including the suggestion that “1xBet has lost its license to operate in Russia.” We want to take these allegations in one, as we believe they need context.
1xBet brand, through a global franchise model, has millions of customers, placing tens of millions of bets in sports around the world. 1xBet pays all legitimate winnings in full and without delay.
There are a small number of opportunities where either 1xBet or the franchise business identify suspicious bets and / or irregular betting patterns through manual or automatic monitoring systems. This is a common practice in the gambling industry.
In the event, we believe the winnings are invalid and the terms and conditions have been broken, we reserve the right to withhold payment of the winnings, pending further investigation, and will likely make a request for more information from the corresponding account holder.
If our investigation concludes that there has been a violation of the terms and conditions, the winnings are withheld, according to the terms of the contract. A contested victory is what he did in Curacao.
1XCorp does not have 1xBet. This is a Curacao company that once owned a variety of gaming and business platforms.
As for the Russian market, 1xBet can not have lost the license there, because it does not have the first. The action is related to another bookmaking business in Russia, which is not owned or controlled by 1xBet.
The article states that 1xBet has a “safe license” to operate in Ukraine and the license has “removed”. That’s not true. 1xBet has made a US$1m donation to the Red Cross relief effort in Ukraine, one of the largest in the industry.
As for advice, losing a license in Ukraine, this, once again, is not true. Several Ukrainian companies expressed interest in using the license 1xBet on a franchise basis but 1xBet never any license in the country.
Source: Peacefmonline.com/Ghana
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