Cyprus

In 2018, according to documents seen by Josimar, the African Football Confederation (Caf) entered a ten year long sponsorship deal worth close to 60 million euro with controversial online bookmaker 1XBet. But Caf is now “re-evaluating” its business relationship with 1XBet, in a move that could cost millions for the cash-strapped confederation.

Betting operator 1XBet, one of football’s biggest and most controversial sponsors, has been declared bankrupt for refusing to pay out to customers and faces losing its licence. At the same time the company is expanding its global operations