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FCA Warns Premier League Clubs Over Unauthorised Crypto and Trading Sponsors

The regulator warns that sponsorships by unauthorised crypto and trading firms breach UK financial-promotion rules, exposing clubs, fans and the sport to legal, money-laundering and reputational risk.

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Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo
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Crypto firms moved into football. the fca wants clubs to vet them

Overview

  • The Financial Conduct Authority wrote directly to Premier League clubs and other football bodies on Wednesday, urging immediate due diligence and stronger financial‑crime checks on current and prospective sponsors.
  • The FCA said some crypto exchanges and online trading platforms appear to be promoting regulated products to UK fans without authorisation, a practice that can be a criminal offence under UK financial-promotion law.
  • Media reports have named partnerships such as Manchester City–OKX, Chelsea–BingX and Newcastle–VT Markets that do not clearly appear on the FCA register, highlighting gaps in club vetting of sponsor regulatory status.
  • The regulator warned that money received from an unauthorised firm could, in some cases, be treated as criminal property, and that supporters using unregulated platforms risk losing all funds with no UK complaint or compensation routes.
  • The FCA is coordinating with government, the Premier League and the new Independent Football Regulator and is preparing a crypto authorisation timetable with applications opening on Sept. 30, 2026 and a full regime due Oct. 25, 2027.