1XBet declares bankruptcy, leaving multiple top Dota 2 and soccer teams in the dust

1xBet, a Russian bookmaker tied to many esports organizations, was declared bankrupt by the Dutch Supreme Court in the Netherlands. The bookmaker has been accused of not honoring winnings, slowing down or preventing withdrawals, and misuse of funds on excessive advertising whilst struggling to make ends meet.

While 1xBet had deep ties within the soccer world as the official partner of Barcelona and Paris Saint-Germain, it also became one of the leading sponsors of esports organizations and events throughout 2022.

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