Is 1xBet Legit? The Complete 2026 Truth
1xBet has operated since 2007 and grown into one of the world's largest online sportsbooks. Yet the question of whether it is legitimate remains a top concern for new users. The short answer is nuanced: 1xBet holds a Curaçao eGaming licence and has paid out millions of winning bets, but it also faces serious fraud allegations, international arrest warrants against its founders, and outright bans in major markets including the United States, United Kingdom, Russia, France and Spain.
Licensing and Regulation
The platform operates under a Curaçao eGaming licence, which is widely considered one of the more permissive gambling jurisdictions. SSL encryption is applied to all transactions. However, a Curaçao licence does not carry the same player-protection standards as licences from the UK Gambling Commission or Malta Gaming Authority.
What the Record Shows
By 2021, 1xBet's founders had reportedly generated more than US$655 million through operations that Russian authorities classified as illegal gambling. International arrest warrants were issued for all three founders. One of the three, Sergey Karshkov, died in Switzerland in June 2023. The remaining two hold Cypriot citizenship and continue to operate the business.
Subsidiary Bankruptcy
In November 2021, 1xBet's subsidiary 1xCorp MV filed for bankruptcy in a Curaçao court after refusing to refund a group of players. The Dutch Supreme Court also declared it bankrupt in January 2023, yet the platform continued operating under different entities.
Verdict
1xBet is a real, functioning sportsbook used by millions worldwide. Whether it is "legit" depends on your risk tolerance and location. Users in regulated markets should check local laws before registering. Always withdraw winnings promptly and never deposit funds you cannot afford to lose.