Tag Archives: betsafe.com

formula 1: $100 Million Cryptocurrency Sponsorship

Cryptocurrency partnerships and sponsorships entered the world of sports back in 2014. Teams can expand their advertising budget with cryptocurrency platforms to get more popularity for the brand. In 2014, the first crypto-backed campaign – ESPN events made a contract with Bit Pay (Bitcoin payment processor) worth $350 000 in a year. In addition, arsenal made 3-year sponsorship with Sportsbet.oi with the value of £1.5m per season. 

Teams like to explore other non-standard partnerships. The most common ones are coming from the igaming and casino industries (an example of one – Canadian online casino real money Betsafe). But, on the other hand, they occasionally steer away into new waters, and cryptocurrency sets a new precedent here. Of course, there’s a lot to go by in the igaming and casino industry, but crypto-investing space can also offer substantial funding, as you’ll now see. 

Cryptocurrency 

Improves Fan User Experience 

Cryptocurrency benefits sports teams with new and improved marketing activities. Fans are in the first place, while tickets, streams, and merchandise make money. Secure and transparent marketing activities provide excellent customer service for sports fans. In addition, fan engagement tokens are on the rise. A fan token is a kind of membership card. They can vote on essential questions in the club. If you would like to choose a kit design, charity initiative, or similar stuff, purchase a token of your favourite club.  
 
Above all, cryptocurrency provides users with low-cost money transfers, transparency, and easy 24/7 accessible platforms that make it easy to purchase wherever users want to.  

Formula One – $100 Million Worth Crypto Deal 

Formula One made a 5-year contract with Crypto.com. $100 million sponsorship will provide F1 with great marketing tools. In addition to that, Crypto is getting trackside places on every race. Presence at every race will remind of their global partnership deal. Crypto.com is one of the fastest-growing crypto platforms at the moment. They have more than 10 million users. Sponsorship between Crypto and Formula One will grow awareness on the global stage. Crypto.com has leading applications on App Store and Google Play. Also, their Crypto Visa card is one of the most popular cards for using cryptocurrencies. This card is available in more than 30 countries. Formula One is one of the most followed sports, and they are always in search of new ways to make their fans more engaged.

2021 British Grand Prix Qualifying report and highlights: Hamilton digs  deep to beat Verstappen in qualifying and seal top grid slot for F1 Sprint  | Formula 1®
2021 British Grand Prix sponsor Crypto

Formula One got a new audience with engagement with Crypto. Crypto is trying to make cryptocurrencies more available and understandable for fans to use. Following that, Crypto announced a brand new award that fans would see on the Belgian Grand Prix. 

Crypto and F1 – Environmentally Sensitive 

Formula One announced that by the year 2030, Formula One racing would become a Net Zero Carbon sport. Likewise, Crypto announced that it would become carbon negative within the next 18 months in the spirit of the new partnership. A clean crypto business will be a great example to lead for all other companies in the industry. To have carbon-neutral or carbon-free vehicles and the crypto industry would be a great example from these two big names in the sports and business industry. Sponsorship looks promising, and great things might be ahead. 

Formula One as a sport wants to be more fan engaged and follow new technologies. Here is what CEO said: “We are pleased to welcome Crypto.com to the Formula 1 family as we continue to attract progressive global brands anchored in performance and innovation.”  For the Silo, Ika.

National Conference On Gambling Addiction & Responsible Gambling To Be Held Online

It has been announced that the National Conference on Gambling Addiction and Responsible Gambling is to be held online this year. The event, which is organised by the National Council on Problem Gambling, has been rearranged with dates for both November and December with the event being held entirely on a digital platform for the first time.  

This year marks the 34th such event from this organisation, which has become the largest and longest-running of its kind in the United States. The event is designed to bring a range of industry professionals together, and this includes counsellors, researchers, government officials, gambling industry executives, and a variety of other professionals.  

Supporting Harm Prevention and Reducing Gambling Addiction 

As the name suggests, the conference is designed to help push forward measures to support harm prevention and reduce gambling addiction in the United States and North America. With gambling facilities and legalization increasing rapidly across the nation, the need to have proper measures in place has become all the more vital. 

By bringing together officials from all aspects of the industry, the conference has been helping to tackle this problem for many years. The needs of those that require support have changed over the years as have the measures and tools available to help and support them. The conference helps to ensure that professionals in the industry can collaborate and innovate in order to provide the most effective support possible.  

One of the directors of the NCPG said, “The familiar forms of in-person support from both professionals and 12-step programs for people and families affected by problem gambling have been sharply curtailed this year. And opportunities to gamble have changed, with more online gambling occurring, which poses some new problems.” 

The conference was originally scheduled for the summer and was meant to take place in Washington DC. However, in the current climate, organizers had to delay the conference so that it could be rearranged as an online event for this year. It will be headed by Loreen Rugle Ph.D., a well-known training expert and counselor with a global reputation for her work.  

Dr. Loreen Rugle

As part of the conference, many Continuing Education Units (CEUs) will be available for those attending the digital event. Dates for the main conference are now scheduled for 5-6 and 12-13 November between midday and 4.00 pm. There will also be recordings of the sessions available for up to 30 days following the main conference events.  

In addition, the dates of Master Classes have also been changed and will be taking place online on 2nd, 3rd, and 9th December between 1.00 pm and 3.00 pm.  

Covering a Range of Topics 

A wide range of gambling-related topics will be covered as part of this year’s event. This includes some of the topics that have to be discussed and updated each year such as prevention, recovery, and treatment. Sports gambling is thought to be a particular concern this year, and this will be discussed in detail as part of the conference.  

One of the things that may raise additional concerns this year compared to previous years is the rise in the number of gambling states in the country. Since the Supreme Court overturned PASPA (Professional and Amateur Sports Protection Act 1992) in 2018, more and more states have been jumping on board. 

In addition, many states are now keen to aid their economic recovery, and for some this has resulted in a closer look at the viability of sports betting and casino gaming. With a lot of states legalizing online gambling and sports betting, this could lead to a sharp increase in the number of problem gambling cases across the country.  For the Silo, Filip Cakic.