Bitcoin

Premier League Gambling Ban Pushes Sponsors Down as Midnite Backs Relegated Wolves


Key Takeaways

Gambling Money Flows to the Second Division

UK sportsbook and online casino Midnite has agreed to become Wolverhampton Wanderers’ principal partner and front-of-shirt sponsor for the 2026/27 campaign, the club confirmed Wednesday. The logo will appear on men’s and women’s first-team shirts through Wolves’ 150th-anniversary season, launching with a fan promotion titled This Season’s On Us fronted by club legend George Elokobi.

Premier League clubs agreed in 2023 to drop gambling brands from shirt fronts from the 2026/27 season onwards, ending a market worth more than £140 million (approximately $188 million) a season across 11 of 20 clubs, Wolves among them. But the voluntary ban stops at the top flight. Relegation to the Championship freed the Wolverhampton-based club to sign exactly the kind of deal they could not have carried in the Premier League.

Midnite replaces DEBET, whose exit underlines the churn reshaping UK gambling sponsorship. DEBET was one of several betting brands operating under a TGP Europe white-label license, while TGP Europe agreed to cease its UK-facing business after Gambling Commission enforcement action.

Midnite is not alone in looking past the top flight. Last week brought a reported £20 million (approximately $26.9 million) Betway training-kit deal at Manchester United – a deal that involves an elite club but without matchday visibility. The English Football League (EFL) itself remains thick with betting money: Sky Bet has been the title sponsor the Championship since 2013/14, while fellow relegated sides West Ham and Burnley carried Boyle Sports and 96.com respectively last season. With Wolves tipped to bounce straight back, Midnite’s one-year term is telling: the operator would be ineligible to sponsor their shirt front in a 2027/28 Premier League, which is clearly factored into the proceedings.

The same vacated inventory is also drawing crypto and trading firms, but it’s not without scrutiny. A day before the Wolves deal, the Financial Conduct Authority warned clubs that partnerships with unauthorized crypto sponsors carry legal and reputational risk. Polymarket has already moved into top-flight football elsewhere in Europe, signing a shirt deal with Serie A’s Lazio worth more than $22 million.

Founded in 2018 and grown a 150+ headcount, Midnite has built a sponsorship portfolio spanning Sheffield United, Southampton and the World Snooker Tour, and raised £26.1 million in a January Series C to take total funding past £55 million as it challenges bet365 and Paddy Power.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *