1xBet History: When & Where Was 1xBet Founded

1xBet Founding Story

When was 1xBet founded?

1xBet was founded in 2007 in Bryansk, Russia. The company started as a small betting operation and quickly expanded, leveraging early internet technology to reach a wider audience across Russia and Eastern Europe.

Who founded 1xBet?

1xBet was founded by three entrepreneurs from Bryansk, Russia: Roman Semiokhin, Dmitry Kazorin, and Sergey Karshkov. Roman Semiokhin is considered the primary creator and beneficiary of the company. Their identities were not publicly known for many years and were only revealed by Russian authorities in 2020.

What was the original business model?

In 2007, Roman Semiokhin opened his first betting shop under the Fonbet franchise. By 2012, the enterprise had grown to encompass over 300 betting shops across Russia, at which point he parted ways with Fonbet and began developing 1xBet as an independent international brand.

Early Growth

How did 1xBet grow in its early years?

Initially, 1xBet's website was an addition to stationary betting points, since internet access was not widely available in Russia at the time. The company took advantage of lower operating costs compared to Western bookmakers and gradually invested in building a comprehensive online platform.

When did 1xBet go international?

By the early 2010s, 1xBet began establishing a presence in international markets. The company registered Techinfusion Ltd in Gibraltar in 2014, marking a strategic pivot toward global expansion. Africa, Asia, and South America became major growth markets.