September 6, 2021

NFL bans clubs from advertising cryptocurrencies and selling NFTs

NFL bans clubs from advertising cryptocurrencies and selling NFTs

The U.S. National Football League (NFL) has banned clubs from advertising cryptocurrencies and ICOs, selling NFTs, as well as entering into contracts with bitcoin exchanges. It is reported by The Athletic.

According to the publication, the NFL plans to develop its own rules of interaction of teams with companies from the crypto-industry.

Clubs are also prohibited from entering into advertising contracts and promoting any goods and services related to blockchain and digital assets, a media source noted.

In April, it was revealed that Kansas City player Sean Culkin would be the first in the National Football League to receive a 2021 salary of $920,000 in bitcoin.

Recall that in June, NFL star Tom Brady became a shareholder and ambassador of crypto derivatives exchange FTX.

Earlier, the platform renamed Miami Heat's NBA stadium the FTX Arena for 19 years, inked a five-year deal with Major League Baseball USA and signed a seven-year contract with the creator of the game League of Legends.

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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