Premier League | Crypto

UK authorities froze $13.5 million in cash following a January 2025 order from the Westminster Magistrates’ Court as part of an investigation into Sorare. The UK’s National Crime Agency (NCA) has reportedly frozen 10 million pounds, or about $13.5 million, as part of an investigation into online sports company Sorare. According to a Monday report from UK news outlet The Sun, the NCA was conducting a probe into Sorare over claims of unlicensed gambling. The company is behind digital trading cards on the blockchain and signed a four-year, $162-million partnership deal with the Premier League in 2023, which was terminated at the end of last season. The Sun reported that the NCA froze $13.5 million in cash following a January 2025 order from the Westminster magistrates’ court. A spokesperson reportedly said that the order was intended “to prevent dissipation of the funds while the NCA investigates any potential links between those funds and alleged third-party criminality.” Read more

Authorities targeted funds from a $140 million sponsorship deal with crypto firm Sorare, though law enforcement confirmed no wrongdoing by the Premier League.

Circle becomes Chelsea's principal and front-of-shirt partner for 2026/27, putting USDC branding on the men's, women's and academy kits. The post USDC gets promoted to the Premier League with Chelsea main shirt sponsor deal appeared first on CryptoSlate.

The FCA has urged clubs to rethink deals with unauthorized crypto and trading sponsors, warning that fans risk losing all their money and teams face legal and reputational fallout. Update (June 3, 1 pm, UTC): This article has been updated to include a comment from a spokesperson at BingX. The United Kingdom's financial regulator has warned football clubs, including those in the Premier League, to avoid sponsorship deals with unauthorized financial companies amid concerns that fans are being pushed toward risky crypto and trading platforms with no protections. In a Wednesday press release, the Financial Conduct Authority (FCA) said several unauthorized firms, including crypto businesses and online trading platforms, are using football sponsorships to target “unwitting” supporters. Read more