We take very seriously the allegation that 1XBET\u2019s brand has been promoted on prohibited sites, which is strictly against our policies, and we have launched an investigation,\u201d said 1XBET in a statement to The Times,<\/em> addressing the piracy issues. \u201cPending the outcome \u2026 we believe it is responsible to temporarily suspend our advertising in the UK.\u201d<\/p><\/blockquote>\nIf 1XBET addressed any of the other allegations against it, The Times<\/em> did not report it.<\/p>\nThe situation raises questions about soccer clubs\u2019 due diligence when accepting sponsorship deals with the betting industry at a time when their financial dependence on gambling money is under scrutiny from media and politicians.<\/p>\n
1XBET did not have full-fledged licensing in the UK but operated indirectly through the \u201cwhite-label\u201d system, via FSB Technology (UK) Ltd. This is where a platform is designed to look and feel like a company or brand but is in fact hosted and managed by a licensed third party.<\/p>\n
FSB Tech Under Scrutiny <\/strong><\/h2>\nLate last month, it emerged that the UK operations of another FSB Tech partner, Blackbet, have also been suspended at the regulator\u2019s request.<\/p>\n
FSB told iGamingBusiness.com the Commission had expressed concerns about a lack of due diligence performed on a \u201csmall number\u201d of its white label partners.<\/p>\n
\u201cThis process is isolated to a nominal amount of white label licences only, and no further impact or site-suspension is expected,” said FSB Tech. “These partners and FSB are now fully cooperating with the [UK]GC, and we anticipate comprehensive resolution of those concerns in short order.\u201d<\/p>\n
Blackbet launched in 2017, mysteriously promising to offer \u201cethnic sports betting\u201d and is believed to be linked to a Nigerian wagering company called Yellow-Bet.com.<\/p>\n","protected":false},"excerpt":{"rendered":"
English Premier League (EPL) team Tottenham Hotspur has torn up a controversial sponsorship agreement with Russian betting outfit 1XBet following the suspension of its operations last month due to an investigation by the UK Gambling Commission (UKGC). The move comes after the regulator wrote to Tottenham — as well as Liverpool and Chelsea, which have […]<\/p>\n","protected":false},"author":36,"featured_media":113783,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,16],"tags":[],"acf":[],"yoast_head":"\n
Tottenham Hotspur Cans Controversial Russian Betting Partner 1XBET<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n