1xBet is a prominent online gambling company offering a wide array of betting services, including sports betting, casino games, and more. Operating in numerous countries, including Botswana, 1xBet has garnered attention not only for its extensive offerings but also for questions surrounding its ownership structure. Understanding the ownership of 1xBet, especially in the context of Botswana, is crucial for assessing the company’s credibility and operational legitimacy.
Global Ownership Structure of 1xBet
1xBet was founded in 2007 and is registered in Cyprus. The company operates under a license from Curaçao eGaming License, allowing it to offer online gambling services internationally. The organization functions on a franchise business model, enabling it to expand its presence across various regions.
The founders of 1xBet are Roman Semiokhin, Dmitry Kazorin, and Sergey Karshkov. These individuals have been associated with the company’s inception and growth over the years. Notably, international arrest warrants have been issued for the company’s three founders, one of whom reportedly died in Switzerland in 2023.
1xBet’s Operations in Botswana
In Botswana, 1xBet operates as part of its global franchise network, providing residents with access to its online gambling platform. The company’s presence in Botswana is facilitated through its international licensing and franchise agreements, allowing it to offer services without a locally registered entity.
Licensing and Regulatory Compliance
While 1xBet holds an international license from Curaçao, it does not possess a specific local license issued by Botswana’s gambling authorities. This means that, although the platform is accessible to users in Botswana, it operates under its international license rather than a domestically issued one.
Conclusion
1xBet’s ownership traces back to its founders, Roman Semiokhin, Dmitry Kazorin, and Sergey Karshkov, with the company registered in Cyprus and operating under a Curaçao eGaming License. In Botswana, 1xBet extends its services through its international licensing and franchise model, allowing residents to access its platform. However, it’s important to note that 1xBet does not hold a local license from Botswana’s gambling authorities, operating instead under its international credentials. As with any online gambling platform, users in Botswana should exercise due diligence and be aware of the legal landscape surrounding online gambling in their jurisdiction.
