Welcome to another issue of Crypto Betting Weekly, where we look at the week’s top crypto gambling news!
Stake’s partnership with Watford now includes Dogecoin
Following Stake and Watford’s 3-year sponsorship deal in July which was commemorated with a 10 million DOGE giveaway, the sportsbook has announced yet another sponsorship initiative. Its latest $1 million deal with the Premier League side, sees Watford pumping the much-hyped DOGE as its sleeve sponsor.
In a shrewd marketing move, it was previously reported that Stake would pay its principal sponsorship fee in crypto. The coin remained undisclosed even though it can now be speculated that it was none other than DOGE. If this is indeed the case, and provided Stake hasn’t paid the sponsorship fee in full, this move would allow the sportsbook to fork over fewer coins as the price of DOGE increases.
However, there remains an outside chance that the sportsbook parted with a fraction of its considerable hoard of bitcoin. Stake‘s crypto sportsbook and casino platforms account for over 5% of bitcoin’s total transactions worldwide.
Dallas Mavericks’ owner and billionaire shills Dogecoin
Mark Cuban, owner of the NBA’s Dallas Mavericks announced on Twitter that the team’s summer merchandise sale would offer special pricing for fans paying with DOGE. Despite the billionaire being an outspoken crypto advocate and investor, he revealed that his DOGE holdings are less than $500 while the Mavs’ holdings are less than $14,500, which seems rather unlikely.