Marketing and Sponsorship

Conor McGregor Sponsor 24Option Reportedly Fined Over Money Laundering Ties

1.6.2017

An online trading platform which sponsors UFC fighter Conor McGregor "has reportedly been fined under money laundering laws," according to Tony Connelly of THE DRUM. Binary options trading site 24Option announced a sponsorship deal with McGregor in October. Since partnering, McGregor "has promoted the brand through his Twitter and Instagram as well as featuring on its site." The deal also includes promotions for VIP packages to McGregor’s fights and ads "encouraging his followers to sign up to a bonus deal" that required a deposit of €500 ($530) and €100,000 ($106,000) worth of trades. BuzzFeed News reported the company "has been fined under Cyprus money-laundering regulations, is banned in France, and is subject to warnings from another national regulator" (THE DRUM, 1/5).

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