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 regarding betting promotions, betting guides and news.

Premier League Clubs Get Closer To Bookmaker Sponsorship Ban Featured Image

The front of the shirts of Premier League clubs will no longer feature logos from bookmakers once an agreement is reached. The deal would prohibit fro...

Read more »

UFC 287: Pereira vs Adesanya Odds & Preview Featured Image

One of the biggest UFC events of the year takes place on Sunday, April 6 at the Miami-Dade Arena in Miami, FL. UFC 287, starting at 01.30am BST, featu...

Read more »

Betano Lands Giannis Antetokounmpo As Global Brand Ambassador Featured Image

NBA star Giannis Antetokounmpo has signed a contract with Betano, making him their first-ever global brand ambassador. The Milwaukee Bucks superstar, ...

Read more »

Bet365 Continue Their Weekly 6 Scores Challenge Game Featured Image

Sports betting industry leader Bet365 has partnered with Incentive Games, a renowned free-to-play provider, to continue their highly popular weekly 6 ...

Read more »

22bet Awarded EPL Jerseys To Five Lucky Bettors Featured Image

Five of 22bet’s Kenyan users have received English Premier League jerseys after successfully predicting the correct score of Manchester United v...

Read more »

Betting Preview And Odds For Formula 1 2023 Season Featured Image

On March 3-5, the 24th Bahrain Grand Prix will mark the return of Formula One for its first full weekend of the new 2023 season. Max Verstappen, who h...

Read more »

Bet-at-home To Use EveryMatrix’s Sports Betting Platform Featured Image

European bookmaker Bet-at-home has launched its new sports betting solution from EveryMatrix, replacing its present platform. EveryMatrix’s Odds...

Read more » Becomes Official Partner Of Alfa Romeo F1 Team Featured Image

The renowned crypto bookmaker recently signed a deal with Alfa Romeo F1 Team to become their name sponsor. The partnership is going to stand...

Read more »

1xBet Issues Press Release To Shoot Down Allegations Featured Image

On 25/1/2023, 1xBet issued a press release to shoot down claims from a recent article, that came to light stating that the bookmaker is currently faci...

Read more » Pays Out On Arsenal As Premier League Champions Featured Image

The online sportsbook has already paid out on outright bets on Arsenal to win the league, as they went onto 50 points after 19 games with a ...

Read more »

bookmaker banner
bookmaker banner