UK authorities freeze $13.5M Premier League payment tied to crypto gaming deal
The U.K.'s National Crime Agency has frozen about £10 million in a bank account connected to the Premier League, part of an inquiry into payments from crypto fantasy platform Sorare under a licensing agreement. Sorare denies being under investigation, saying the frozen funds belong to a third party, while the league declined to comment. The action follows a June warning from the Financial Conduct Authority about unauthorized crypto firms partnering with soccer clubs.
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The frozen payment stems from a four-year licensing agreement signed in 2023, valued at $140 million, which allowed Sorare to
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Original headline: “A crypto fantasy platform has left the Premier League tangled in a $13.5 million U.K. criminal probe.” Browse more stories.