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The company also announced its plan to focus on the esports betting market within the Latin American country. In March 2020, 1xBet confirmed the company’s expansion into the Mexican market following its approval for an operational licence. By 2021 — their company had made more than US$655 million in illegal gambling. The company was founded in Russia by Roman Semiokhin, Dmitry Kazorin, and a former Russian intelligence agent named Sergey Karshkov , d. June 2023,.