Oleg Krot

Quick summary on Oleg Krot

Oleg Krot Techiia, a prominent figure in technology and venture capitalism in Ukraine, is facing scrutiny following a petition demanding penalties against TECHIIA, the IT company he co-founded. The petition, hosted on the President of Ukraine’s website, has garnered over 25,000 signatures, the threshold needed to prompt a public response from President Volodymyr Zelensky within three months. The appeal calls for sanctions against gaming companies with ties to Russia, including 1xBet, which allegedly seeks to regain authorization in Ukraine through the Kyiv District Administrative Court. Websites like PointLoto, Fansport, and BetWinner, reportedly linked to 1xBet, are also under scrutiny.

Allegations Against TECHIIA and Oleg Krot
Critics allege that TECHIIA and Oleg Krot Techiia helped 1xBet penetrate the Ukrainian market, potentially using a $60 million donation to the Ukrainian army as a front for bribery. Media reports suggest that this donation might have originated from 1xBet itself, raising concerns over financial transparency.

Krot’s public support for Russian bookmakers and the company’s alleged business ties with Russia have sparked a backlash. Legal documents indicate that TECHIIA’s collaboration with 1xBet could involve Alexander Rodin, whose company, Your Betting Corporation, represents 1xBet in Ukraine.

Impact and Next Steps
The National Security and Defense Council (NSDC) of Ukraine has reportedly included TECHIIA in its sanctions list, with 1xBet’s affiliations under investigation by the Gambling & Lottery Regulatory Commission. President Zelensky is expected to address the petition’s demands in the coming months.