UK FCA warns Premier League clubs of risks from unlicensed crypto sponsorships

The UK's Financial Conduct Authority (FCA) has warned football clubs, including those in the Premier League, that sponsorship deals with unauthorized crypto firms and trading platforms could expose them to legal and money laundering risks and lead to reputational damage, Reuters reported. The authority urged clubs to strengthen their verification of sponsorship contracts, noting that some unlicensed crypto firms may already be promoting products to football fans through high-profile club endorsements despite lacking permission to operate in the UK.