Tue. Nov 26th, 2024
Premier League Pushed Out Gambling Firms, Teams Turned to Crypto

The flood of crypto money into English football is continuing, providing an influx of new cash for clubs as regulations tighten around gambling sponsorship, a key revenue stream that will soon fade.

Crypto firms have spent a record amount of almost £130 million ($170 million) on deals for the Premier League 2024/25 season, according to sports sponsorship agency SportQuake. That’s likely to increase further, with more partnerships often announced during the season.

The uptick reflects a market in recovery after a string of digital-asset company collapses in 2022 and a plunge in token values. In the wake of that bad publicity, tie-ups …

By Xplayer