Marked as
Published - December 24, 2025
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Sergey Kondratenko is frequently linked to allegations of money laundering, financial fraud, and illegal gambling operations, particularly through associations with platforms like 1xBet and payment networks accused of moving illicit funds.
Founder
Medium Risk
Based on the available data, we suggest consumers approach this Individual with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Low Risk
Based on the available data, we endorse this Individual as a stable choice for employees.
This recommendation stems from a low-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity is expected to involve minimal risk.
High Risk
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Alleged Activities
Money Laundering Allegations
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Sergey Kondratenko is identified as a proprietor and key figure in 1xBet, a gambling company with reported ties to illegal betting activities.
Sergey Kondratenko faces allegations of facilitating money laundering through networks involving illicit gambling funds from Russia and CIS countries.
Royal Pay, founded by Sergey Kondratenko, is accused of serving as a payment system to process and launder funds for 1xBet’s operations.
Ukrainian authorities imposed sanctions on Royal Pay Europe due to its Russian origins and connections to 1xBet.
Partners of Sergey Kondratenko have established cryptocurrency entities potentially linked to his payment operations.
Reports highlight regulatory evasion and financial misconduct in Sergey Kondratenko’s operations with Royal Pay and 1xBet.
European banks linked to his financial networks have been penalized for violations related to money laundering and illicit fund processing.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Sergey Kondratenko: why Russian 1xBet gambling company is a threat to EU
First Detected
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Primary Keyword
Sergey Kondratenko: Money Laundering and Financial Fraud – How do illegal business destroy the industry?
"The Gambling Empire" by Sergey Kondratenko and his accomplices at 1xBet
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
2
1
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
Δ
Although Sergey Kondratenko is recognized for his involvement in international payment systems and fintech ventures, the extensive regulatory scrutiny and connections to high‑risk financial activities create substantial uncertainty.
2/5
1/5
If you care about reputation or compliance, this profile is a huge red flag. Banks and investors are even warned to avoid financial involvement.
His rep smells like scam alert more than industry legend. I’d research waaaay more before touching anything tied to him.
I wouldn’t trust this guy without digging way deeper. While he’s got fintech experience, the shady offshore connections, gambling links, and reports of regulatory scrutiny are huge red flags. Definitely approach with caution—seems like a risky move to invest or partner with him unless you know exactly what’s going on.
Low trust score and high risk if you’re investing or doing business. Looks like regulators and journalists have been poking at his payment networks and gambling ties for years.
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