Dr Dan: Regulation of gambling and crypto companies could impact Leeds United
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Leeds United...
Leeds United could be impacted negatively if regulations kick in on gambling and cryptocurrency companies.
That’s according to Dr Dan Plumley who sees no way but for these entities to be slapped with harder regulations.
He believes that without them, the scope for exploitation only keeps on rising.
Socios, the most prominent crypto company in the Premier League, has sponsorship ties with a host of companies, including Leeds.
EToro, a company that sells CFDs (Contracts for Difference), also has some involvement with the Whites, per the Athletic.
Discussing the future of these companies and the impact on revenues, the Sheffield Hallam University expert said, “I just don’t see how there can’t be any checks and balances on these things.
“I don’t think this can go as unchecked and unregulated because the more it keeps going, it gives rise to the opportunity of exploitation across the board.
“It’s going to be a big battleground in the future and it’s got to be looked at from a regulation point of view which is going to impact deals.“
Currently, these companies have little to no regulation which has made it hard to determine what some of them exactly do.
Customers could face tremendous financial losses if they invest in these entities without knowing what they are getting into.
In other Leeds United news, the Whites are leading the race to complete a major signing and have already opened talks to seal a £25m deal.