1xBet is an international sports betting platform originally founded in Russia in 2007. The company operates under a complex ownership structure, which has been somewhat obscured over time due to its controversial reputation and regulatory challenges. However, key figures behind 1xBet include Sergey Karshkov, Roman Semiokhin, and Dmitry Kazorin. These individuals are linked to Exinvest Limited, a Cyprus-based company, which officially owns and operates 1xBet, holding a license from the Curacao Gaming Authority.
Despite its Russian roots, 1xBet is registered and headquartered in Limassol, Cyprus, allowing it to serve numerous countries globally under various localized licensing arrangements. This setup enables it to extend operations across multiple regions, including parts of Africa and Latin America. In certain countries, like Kenya, the platform partners with local entities to comply with national laws, but no specific partner or local ownership has been publicly confirmed in Guyana.
While 1xBet’s global reach is considerable, its operations have come under scrutiny and even legal challenges in several jurisdictions. Nonetheless, the brand has leveraged a strong online presence, a user-friendly interface, and extensive sports offerings to become a significant player in the global sports betting market.
