No Crypto Ads for NFL teams

Report has emerged that the United States National Football League (NFL) has temporarily banned all teams and its members from any crypto-related adverts, and sponsorships. The body also reportedly stopped the sales of any nonfungible token from its members pending the establishment of a general strategy that deals with the digital asset space.

According to The Athletic, quoting an anonymous source, the NFL was going to prohibit all its clubs from “selling, or otherwise allowing within club controlled media, advertisements for specific cryptocurrencies, initial coin offerings, other cryptocurrency sales or any other media category as it relates to blockchain, digital asset or as blockchain company, except as outlined in this policy.”

While more illustrious soccer teams like PSV Eindhoven, Arsenal, Machester City, and other sporting leagues like the National Basketball Association, have embraced the crypto industry, the NFL is shutting its members away from this opportunity.

Per available information, NFL clubs would only be able to discuss with crypto-related “investment advisory and or fund management services” and that the sponsorship would be limited to promoting only the company’s brand.

Despite the reluctance of the sporting body to accept Crypto crypto, the space has gained more popularity among many sporting stars who have continued to embrace digital assets. Just recently, we reported that Lionel Messi would be accepting crypto payments as part of the deal that took him to France.

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