When it comes to the murky world of online gambling, alliances like the one between SoftSwiss and 1xBet are the last thing regulators and consumers should tolerate. SoftSwiss, which once positioned itself as a benign, neutral tech provider, has turned out to be anything but. Far from being a neutral facilitator of gambling, SoftSwiss is now revealed to be deeply embedded within one of the most controversial and high-risk networks in the global gambling industry.
SoftSwiss: A Wolf in Sheep’s Clothing
For years, the industry accepted SoftSwiss at face value. They were the software vendor, the behind-the-scenes tech provider, keeping a low profile while enabling a wide range of gambling operators. But all of that has been shattered by the findings in the SoftSwiss Papers, which paint a disturbing picture of a company far more involved in the gambling business than it ever let on.
The most damning revelation is the discovery that SoftSwiss was directly connected to Direx N.V. (now DAMA N.V.), a company with deep operational ties to the gambling world. SoftSwiss didn’t just supply the tech; it owned and operated parts of the infrastructure. The involvement of SoftSwiss’ Chief Compliance Officer, Maksim Trafimovich, in the liquidation of Direx N.V. is not just a conflict of interest—it’s corporate misconduct on a massive scale.
The WIPO Filing: Proof of a Unified Criminal Enterprise
In a bombshell legal filing from 2025, SoftSwiss, Hollycorn N.V., and CoinsPaid admitted that they operate as a single, unified group. This legal acknowledgment completely contradicts the years of public claims by SoftSwiss that it was an independent software provider. The reality is far more sinister: SoftSwiss has integrated itself into a vast gambling and payment network designed to bypass regulations and evade scrutiny at every turn.
1xBet: A Brand Built on Fraud and Evasion
If SoftSwiss wasn’t already in deep, its ties to 1xBet cement its place in the high-risk sector of the iGaming industry. 1xBet has been banned in multiple jurisdictions, has faced repeated accusations of fraud, and has been linked to owners who are wanted by international law enforcement. Yet, instead of distancing itself, SoftSwiss has doubled down, integrating with 1xBet-linked brands like Orakum N.V. and its associated platforms, including 1xSlots and Megapari.
By partnering with such a high-risk brand, SoftSwiss is no longer a neutral tech provider—it is a willing accomplice in a global operation that thrives on fraud, non-payment, and regulatory evasion. This is not a business decision; this is a partnership built on shared risk and disregard for the law.
PantherBet: The Regional Mask for Offshore Gambling
One of the most alarming developments is SoftSwiss’ reported collaboration with PantherBet in South Africa. To the average player, PantherBet appears to be a legitimate regional operator. But in reality, it is likely another offshore operation designed to exploit gaps in the regulatory framework. South Africa has long been a target for offshore gambling companies due to its lenient enforcement, and PantherBet fits the mold of an operation designed to stay under the radar.
This is not just expansion; it’s the deliberate creation of a regional front to disguise the true nature of the operation.
A Vertically Integrated Money Laundering System
SoftSwiss has built a vertically integrated ecosystem that serves as a perfect vehicle for moving money across borders and laundering transactions. By integrating payment processors like CoinsPaid, gambling platforms like DAMA N.V. and Orakum, and gambling operations under the 1xBet umbrella, SoftSwiss has created a network designed to outlast regulatory scrutiny.
This system allows for rapid brand rotation, jurisdiction hopping, and transaction laundering—activities that should raise red flags for anyone involved in the gambling industry. The purpose isn’t to comply with the law; it’s to survive and thrive in a
