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Premier League football club Arsenal FC has announced a partnership with Cashbet, a cryptocurrency marketing itself as being “designed specifically for iGaming” – comprising the first instance of a cryptocurrency sponsoring a major soccer team. Partnerships between sporting entities and virtual currencies appear to be quickly proliferating worldwide, with newly crowned Bellator MMA welterweight champion, Rory Macdonald, receiving 330 DASH to wear branded apparel representing the altcoin in his recent title fight.

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Cashbet Becomes First Cryptocurrency to Establish Partnership with Major Soccer Team

Cashbet, a gambling-oriented cryptocurrency from 2012 that is soon expected to conduct an ICO, has secured a partnership with Premier League soccer club Arsenal FC.

Arsenal FC’s Chief Commercial Officer, Vinai Venkatesham, has stated: “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.”

The chief executive officer and founder of Cashbet, Mike Reaves, has celebrated the deal, stating “With our ICO for Cashbet Coin, we are actively targeting a global, multi-billion dollar marketplace of iGaming content providers, operators and players. We are delighted to do so in partnership with one of world football’s true giants in Arsenal, enabling us to build our brand and engage this audience in a meaningful way.”

Deal Struck During Period of Increased Regulatory Scrutiny Surrounding Cryptocurrencies

Arsenal Football Club Partners With Gambling ICOThe agreement between Cashbet and Arsenal FC has been made for an undisclosed sum of money for which the company will assume the “exclusive” position Read More Here