In addition, it is believed that more than 200 prospects are suing 1XBet in Russia after the corporate misplaced its license to operate there. Meanwhile, despite its high-profile dealings, the sports betting operator reportedly spent greater than it took in because it tried to position itself in the global market. In the absence of tangible proof to help that claim, it’s attainable these claims are nothing greater than a ruse. Nonetheless, proof suggests it has hyperlinks to Putin. It ran out of money final 12 months and is now dealing with definitive courtroom action that would convey it to an end. Because of this, the Supreme Court concluded that the arguments can’t lead to the annulment of the judgment, and due to this fact, it dismissed 1XCorp’s appeal. The identical company is the owner of 1xBet in Italy, and the director of both companies is Perrin Vazquez Yago-Marcel, a lawyer who allegedly tried to rip-off consumers as a part of a lawsuit towards bet365. In Italy, media outlet Rai reported on the link between 1xBet and Serie A soccer late final 12 months.

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