Arsenal signs first ever EPL crtyptocurrency sponsorhsip

27 Jan 2018

North London football giants Arsenal F.C. have signed the first ever sponsorship for a cryptocurrency that may pave the way for an even greater interest for sports bettors. The name of the blockchain suitor is CashBet Coin, and similar to many other digital currencies, it claims to be a unique currency specifically designed to allow for easier iGaming transactions. What may separate CashBet Coin from its other more volatile competitors is that it is backed by CashBet, a fast rising US gaming company that offers cryptocurrency payment solutions to gambling operators. What CashBet hopes to do, is raise $40 million from an Initial Coin Offering, that can then be "invested" by bettors on sports bets or other games.

The Arsenal Cashbet Sponsorship will CashBet Coin being advertised on the Emirates during the Gunners home games. The initial pre-sale started on the 24th of January and is set to last until February 20. It will then be followed by a public sale that will last from March 20 up to April 27. Vinai Venkatesham, Arsenal’s Chief Commercial Officer, welcomed the deal by saying: “We are pleased to welcome Cashbet Coin as our partner. We are looking forward to working with CashBet Coin as they launch their new cryptocurrency.” Other pundits have been less enthusiastic and focused on the facts that cryptocurrencies are extremely volatile, meaning that a £1,000 investment can easily vanish within a couple of hours. What also gathered a lot of negative publicity is that CashBet's ICO, similar to every other Initial Coin Offering, is not safeguarded by any financial institutions or regulators, meaning that there are no guarantees on investors seeing dividends being paid out or being compensated in case the Cashbet Coin project does not hit its projected target.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

After a week off due to national team fixtures the English Premier League returns to action, and what a better way to do start matchday 9 than with th...

Read more »

Gambling can be traced in Germany all the way back to Roman times when soldiers were playing several forms of dice games. At some point after the intr...

Read more »

The UK Gambling Commission fined online betting operator Betway £408,915 for marketing on the kids’ section of the West Ham United Football Club...

Read more »

The 2021 report from the Malta Gaming Authority (MGA) has been released. The MGA generally took less regulatory actions, such as issuing fewer warning...

Read more »

The 2022 European Cricket Championships, held in Malaga, Spain, now have Stake.com as an official partner. The T10 competition, in which 21 national t...

Read more »

Just one week after an impressive 49-goal matchday 1, UEFA Champions League action is back. Among all the exciting events, the one that stands out the...

Read more »

LeoVegas Group, the renowned igaming operator, disclosed on Thursday that English Premier League giants Manchester City is the subject of a new partne...

Read more »

The moment football fans worldwide have been waiting for has finally come. The 2022-23 UEFA Champions League season is officially underway with 8 matc...

Read more »

After expanding into Colorado, their second active US state so far, Bet365‘s presence in the North American market has grown. Bettors in the Cen...

Read more »

The 2022 summer transfer window ends on the night of September 1st. As the deadline day is rapidly coming close, top European clubs are looking to sea...

Read more »

LATEST BOOKMAKER PROMOTIONS