THE LEDGER: Stake x Chelsea FC, BetFury x BurgerCities, Binance adopts Bitcoin Lightning Network

Partnerships and collaborations are all the range this week in crypto

This week news of crypto gambling platform Stake.com’s potential sponsorship deal with Chelsea FC went out into the world. The potential shirt sponsorship deal will mean that Chelsea FC shirts will be featured with advertising from Stake.com. The football club previously had a sponsorship deal with Three, a telephone company, which recently expired.

The three-year sponsorship deal may arrive just before the league bans any form of shirt sponsorships from gambling companies. The gambling promotion ban is due in 2025. In a survey done by the Chelease Supporters’ Trust, it turns out that 77% of Chelsea fans are against the Stake.com partnership.

In other news, this week crypto casino BetFury announced a new partnership with BurgerCities, a play-to-earn MetaFi platform made up of DeFi (decentralised finance) games and NFTs.

Thanks to the partnership, users of BetFury and BurgerCities will be able to collect exclusive bonuses and prizes by interacting with BetFury games via BurgerCities. Promo codes for the event have been shared on BetFury’s social media where claimants can earn up to 20 free spins and on-the-house bets.  

Alongside the new partnership, BetFury launched a new betting game on their platform called “Mines”. Players will need to use strategy and luck to explore a minefield and search for the hidden prizes that await them.

In a surprise to many, Binance has agreed to integrate the Bitcoin lightning network on its exchange. After suffering from network congestion issues earlier this year, Binance promised to integrate the Bitcoin lightning network on their exchange to facilitate improved Bitcoin deposits and withdrawals.

On Binance, Bitcoin deposits, withdrawals and transactions will be faster and cheaper thanks to the additional layer provided by the lightning network. Binance also hopes that the integration will make the exchange less prone to transaction slip-ups. In recent memory, Binance had to pause Bitcoin withdrawals due to a backlog of transactions that greatly reduced transaction processing times.

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Written by Alex Buckley

Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.

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