1xBet Curaçao license is valid and fully operational
We believe it is appropriate to offer official information that accurately reflects the current situation in light of a recent media article that featured false information about 1xBet on a minor sports website.
One of the most well-known international bookmaker brands, 1xBet, holds licenses in a number of countries, including Curacao, which is home to numerous international gaming and betting businesses. Regarding the validity of its Curacao license, 1xBet has not experienced any problems. 1xBet and its affiliates keep up with their commitments to clients and partners.
Any contradictory information is unfounded. 1xBet advises any interested media to properly research the information and stay away from relying on unproven rumors.
A less popular sports website called Josimar published a post on January 20, 2023, claiming that 1xBet had been "declared bankrupt." In the past, Josimar has periodically covered 1xBet, but such coverage has been rife with factual errors. No different from other recent articles. The article is nothing more than a jumble of random statements with no basis in reality or fact, mixed in with some fiction.
However, as we are discussing our brand's reputation in this instance, we would like to contest the "information" that was provided in the article.
1xBet "was declared insolvent this week," according to the statement. Of course, this is utter nonsense. One of the biggest and fastest-growing gaming companies in the world is 1xBet.
It claims that Curacao-based 1XCorp is the "owner" of 1xBet. That is untrue. The headquarters of 1xBet are in Cyprus, and it has a huge workforce.
The statement "Russian bookmaker" refers to 1xBet. That is untrue. Using a franchise business model, 1xBet is a major international gaming company with operations in Latin America, Europe, Africa, and Asia. In Belarus and Russia, its goods and services are inaccessible.
It claims that a case filed by the Foundation for Representation of Victims of Online Gaming (SBGOK), which allegedly "represents clients claiming to be owned "approximately 830,000 euros" in wins, is related to 1XCorp's bankruptcy. It claims that a comparable situation exists in Russia and implies that "1xBet has lost its license to operate in Russia." As we believe they need context, we would like to address each of these accusations separately.
Through a global franchise concept, the 1xBet brand has millions of clients who wager tens of millions of dollars on sports all around the world. All legitimate gains from 1xBet are paid out in full and promptly. It happens very rarely that 1xBet or its franchise companies use manual or automated monitoring methods to discover fraudulent wagers and/or odd betting trends. Within the gambling sector, this is standard procedure. We reserve the right to withhold payment of winners, pending further investigation, and will probably ask the relevant account holders for additional information if we suspect winnings are not real and terms and conditions have been broken. Winnings are withheld in accordance with the terms of our contract if our inquiry reveals that there has been a violation of our terms and conditions. What is sought in Curacao are these disputed winnings.
1xBet is not owned by 1XCorp. This Curacao firm formerly controlled numerous gaming platforms and companies.
