Fonbet is a sports betting company operating in Russia and Kazakhstan.
[2] The company offers a variety of bets for sports, esports and popular cultural events.
The company is the official sponsor of the Russia national football team,[3] the Kontinental Hockey League,[4] IIHF World Championships in ice hockey (from 2017),[5] Champions League, Europa League, Spanish league La Liga,[6] Match TV (Russia's leading sports TV channel), several hockey clubs in Russia and Kazakhstan and a number of other sporting entities.
For these purposes, Fonbet holds a membership in European Sports Security Association (ESSA) In 2020, the company came into the media spotlight when it figured on the Russian Federation's list of system-critical commercial companies that needed financial support from the state during the COVID-19 pandemic (in view of its being a large nation-wide taxpayer and employer).
[7][1] In the wake of the ensuing controversy, the Russian government reconsidered the criteria for such support.