Britain's FBI freezes £10m in Prem's bank account in unlicensed gambling probe
Britain’s FBI has frozen £10million of Premier League cash as it probes alleged criminality involving a crypto partner fronted by Lionel Messi.
TL;DR
- The UK's National Crime Agency (NCA) has frozen £10 million of Premier League cash.
- The investigation targets crypto-gaming firm Sorare for alleged unlicensed gambling.
- Sorare, which has partnerships with stars like Lionel Messi and Kylian Mbappé, denies wrongdoing.
- The frozen funds were the first down payment from Sorare's £120 million, four-year deal with the Premier League, which was terminated.
- Sorare is also facing prosecution from the Gambling Commission for providing gambling facilities without a licence.
- The Premier League is seeking to vary the terms of the freezing order.
- The article also notes other crypto firms' sponsorships in football and warnings from the Financial Conduct Authority about potential risks to fans.