Colorado Buffaloes agree to sponsorship deal with sports gambling company

  • 📰 USATODAY
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

To boost their resources at a time of rising financial uncertainty, the Colorado Buffaloes have reached a five-year deal with an online sports betting company whose product is still banned for use under NCAA rules. But that's all OK. Why? Read on:

To boost their resources at a time of rising financial uncertainty, the Colorado Buffaloes have reached a five-year sponsorship deal with an online sports betting company whose product is still banned for use under NCAA rules for players, coaches and staff.

Colorado voters approved the legalization of sports gambling last November, clearing the way for legal bets there in May. At the same time, NCAA rules still prohibits sports wagering among student-athletes, coaches and staff. “We supported the state bill around sports gaming, because we believe the integrity of our sports will be stronger now that it’s legal,” Colorado athletic director Rick George said. “We are partnering with PointsBet because we feel this partnership further increases the integrity of our game.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 100. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Merger of Clickbait Giants Taboola and Outbrain Is Called OffThe internet’s two largest content-recommendation companies agreed last year to combine, but the effect of the coronavirus pandemic on their businesses prompted renegotiations.
Source: WSJ - 🏆 98. / 63 Read more »