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Betting companies could be banned as football shirt sponsors under new gambling act. Almost half the top flight have a gambling firm as shirt sponsor. Football has "far too much dependency" on sponsorship from gambling companies, according to the sports minister. Nigel adams mp says clubs "need to look at different sources of income". Turkey’s largest bitcoin exchange, btcturk, recently collaborated with a turkish football club, yeni malatyaspor. According to the contract, the bitcoin exchange platform would be the club’s sponsor in the ongoing 2019–2020 süper lig cemil usta season, during which the club would play using the name “btcturk yeni malatyaspor”. Coinmarketcap, a company that works with collecting and providing data regarding trends in the cryptocurrency markets, also turned to football team sponsorship. Late last week, betting firm sport pesa announced that they would withdraw sponsorship for local sports clubs and unions beginning january due to the 35 per cent tax on revenue. The withdrawal will begin on january 1, 2018, ceo ronald karauri announced during a meeting at a nairobi hotel on friday. A scottish football team has become the latest sporting outfit to sign a sponsorship deal with a cryptocurrency firm. Ayr united, who currently sit in the third position in the scottish championship, announced a partnership with bitcoin sv this thursday. In a post from betway, casino companies have started to explore using cryptocurrencies like bitcoin as a method of payment. Better betting has even unveiled a cryptocurrency of their own and, whilst it’s not know how successful that will be, it’s clear that the rise of cryptocurrencies is only just beginning. The amount of money spent by young people on gambling, meanwhile, had risen by 13% annually. ” read: sport betting companies enrich themselves at the expense poor customers – tayo oyedeji. Seven of the 20 top-flight laliga teams have shirt sponsorship deals with betting companies. It also says working to prevent gambling problems with the betting companies is of "greater benefit" than a ban. Dana commented on this: “[gibraltar] was the first [place that] regulated betting companies 20 years back, when everyone was seeing them as horrible. They put compliance and anti-money laundering regulations and created a platform – they have the intelligence to do the same with cryptocurrencies. ” cryptocurrency and football. Boris johnson is increasingly likely to ban gambling firm sponsors on football shirts by the autumn amid rising unease in government over betting addiction 
 

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