What are your views on Premier League footballers advertising high-risk investments?

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spritzreddit@reddit

awful it should be banned as tobacco was. same goes for betting websites. it sickening watching any football game these days where ads of bets are everywhere.

people should know better not to waste their money in crypto scams or bets but it is easy to fall for them when there are so many ads around you

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There is literally a big text box taking up the bottom row literally screaming at the audience “DONT INVEST UNLESS YOURE PREPARED TO LOSE ALL YOUR MONEY” jfc how far does the nanny state need to go? I think crypto is stupid but why does that mean others can’t make adult decisions about what to do with their money?

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spritzreddit@reddit

bro there are warning messages on cigarette packs but they don't advertise them and people buy them regardless. with crypto people think it is like the lottery and they might win the big prize

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Fucker_Of_Destiny@reddit

Why does the government have the right to take away bodily or financial autonomy?

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Perite@reddit

The disclaimer is good. But they are buying the legitimacy of a global brand premier league team. The point of this is so that people think “this can’t be that risky, they sponsor Arsenal so they must have something about them”.

I fully agree that adults have the right to make their own decisions. But at the same time predatory advertising isn’t ok.

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Jamiewoo133@reddit

Crypto isn't a scam, it's just stupid people falling for obvious scams giving it a bad rep. People also fall for bank scams everyday, doesn't mean putting your money in a bank is a scam.

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Milam1996@reddit

It’s literally just pretend computer beep boop money built on nothing but pump and dump hype. It has literally no intrinsic value

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Jamiewoo133@reddit

Crypto was, and still is, one of the best ways to keep your money away from banks and keep a level of anomity. You don't need to give you personal name and details when transferring money. You can also spend your crypto directly from your wallet via the crypto debit cards like you would a regular debit card.

Just say you don't understand the benefits and only listen to stories of scams lol.

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TrashbatLondon@reddit

Crypto was, and still is, one of the best ways to keep your money away from banks and keep a level of anomity.

Lord almighty this is terrible advice 😂😂

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Jamiewoo133@reddit

Why? Don't need to verify KYC for wallets like Trustwallet and you don't need to declare every single penny that goes into it. I've had my wallets from 10 years ago when I was in school.

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TrashbatLondon@reddit

It’s silly because crypto hyper fluctuates and is at risk of disappearing entirely with no protection. Keeping money there is silly under any circumstances.

Anonymity is largely unimportant, unless you’re a paranoid fantasist. If you’re a major criminal, money laundering schemes are cheaper and lower risk than attempting to fly under the radar. If you’re a small time criminal or tax dodger, just put your cash in a shoebox under your bed.

The only scenario where crypto might be less of a terrible idea than a traditional bank or regulated investment scheme is if you live in a highly volatile country subject to hyper inflation, but this is AskUK, not AskVenezuela.

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Jamiewoo133@reddit

And this is why we use stablecoins like USDT exist that are pegged to the $ to minimise volatility and maintain their value to a currency whilst being 100% backed by Tether 🙄. It's not all about Bitcoin.

You cash in a shoe box anology is great until you want to spend that cash in China. Crypto does that for you without needing to hop on a plane to spend your own money.

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TrashbatLondon@reddit

You’re placing your faith in a “stable” coin issued by a private company in the British Virgin Islands. That is literally a “trust me bro” scenario. You have no recourse if they decided to just wipe your money.

You can pay with visa and mastercard in China. In terms of procuring services, both provide more protection than paying with completely unregulated “trust-me-money”.

There’s very few genuine justifications for anonymity, and I suspect you don’t have one, nor does crypto provide you the anonymity you think it does.

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Jamiewoo133@reddit

Yeah why not? Been 10 years and they've done nothing to suggest they aren't financially backed like they claim. Same way Nothern Rock was backed yet billions was lost and led to a major recession.

Sure, you can use Visa cards, but then you need to hand over your personal information which defeats the purpose of cash being "off the radar".

I'm well versed in the level of anonymity of crypto provides. At no point have I ever needed to hand over my passport, address or DL to spend money online. If you want to go further you can use a proxy to hide your digital footprint as well.

It's about privacy. Idk why everyone assumes you're some Russian oligarch just because you don't want to conform to handing over your personal information to every tom dick and harry on the internet...

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TrashbatLondon@reddit

Yeah why not? Been 10 years and they've done nothing to suggest they aren't financially backed like they claim. Same way Nothern Rock was backed yet billions was lost and led to a major recession.

Oh dear, your lack of research suggests that you may be putting yourself at serious risk

Tether will pay $41 million to settle allegations it lied in claiming its digital tokens were fully backed by fiat currencies

And many more issues with Tether and Bitfinex cooking the books.

I'm well versed in the level of anonymity of crypto provides. At no point have I ever needed to hand over my passport, address or DL to spend money online. If you want to go further you can use a proxy to hide your digital footprint as well.

I think you’ve been reading the crypo-bro FAQ. You should read this instead. The short version is that anonymity requires a higher bar than simply not completing a KYC. You are not as safe as you think you are. In fact, I’d go so far to suggest that supporting regulation and self regulation in the traditional payment space affords you much greater security.

It's about privacy. Idk why everyone assumes you're some Russian oligarch just because you don't want to conform to handing over your personal information to every tom dick and harry on the internet...

Because you’re offering unsolicited advice in a public forum about financial decisions. You can expect scrutiny of public claims. As it turns out, you’re naively placing your faith in a dodgy sector and the chief motivating factor for this is an abstract wish to be superficially anonymous for no reason.

It is important to thrash out these arguments so that passers by don’t take your original comment at face value and end up making terrible financial decisions as a result.

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Jamiewoo133@reddit

Tether has been audited last month by an esthablished accounting firm to confirm they are in fact financially backed and have the money in reserves. They previously used their own, which obviously can be dodgy, but now it's factually proven.

You're linking me pages describing how crypto transactions work as if I haven't been doing this since a teenager? You can monitor transactions made on the blockchain freely but it doesn't reveal ANY PERSONAL INFORMATION (my entire point in this thread). If I have your wallet ID I can check your balance and inflows/outflows of your account, but I can't see anything related to your name, dob, address, location, email etc. That all remains hidden, which again, was the whole point a lot of us decided to use crypto in the first place.

I've not given any type of advice, I'm simply debunking this nonsense that crypto = scam. It's people falling for a modern day ponzi scheme and then blaming everything else except their own stupidity for getting scammed. Forex and the Fine Art industry go through the same thing.

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TrashbatLondon@reddit

Tether has been audited last month by an esthablished accounting firm to confirm they are in fact financially backed and have the money in reserves. They previously used their own, which obviously can be dodgy, but now it's factually proven.

This is a lie.

Here is Tether themselves announcing on 24th March that they had contracted a big accounting firm to carry out an audit

Do you think an audit of this nature was completed, scrutinised and defended within 4 weeks? You’re going to have to wise up, I’m afraid. I don’t mean this to dunk on you, this is genuine advice to be more cautious about how you consume media associated with crypto ponzi schemes. You are putting yourself in serious financial risk.

You're linking me pages describing how crypto transactions work as if I haven't been doing this since a teenager? You can monitor transactions made on the blockchain freely but it doesn't reveal ANY PERSONAL INFORMATION (my entire point in this thread).

Read the article I linked.

Mate, using a payment method doesn’t guarantee understanding of it, just like driving a car doesn’t mean you can build an engine from scratch. You clearly have bought into some very pro-crypto talking points and failed to scrutinise the information properly.

I've not given any type of advice, I'm simply debunking this nonsense that crypto = scam.

You’re doing the opposite of debunking this 😂😂

It's people falling for a modern day ponzi scheme and then blaming everything else except their own stupidity for getting scammed. Forex and the Fine Art industry go through the same thing.

Yes, people also should not keep their money in art investment or forex trading accounts, or group whiskey barrel buying, or anything else unregulated that they are not an expert in.

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Jamiewoo133@reddit

This is all you not believing them, which is fine, you're completely free to not believe them. But you're adamantly stating something is a lie based on... What exactly?

Ok you seem to know more than me. So, explain to me in detail please how I can find out your name, dob, address and other personal information by looking at your transaction hashes you've previously made online? Because the only way the FBI have been able to do it by tracing the transaction back to an account that has been setup via KYC, so you obviously know something we all don't?

I'm waiting for you to tell me what part of this whole thing is a scam and why I have never been scammed in over 10 years? It's almost like if you just use it like it was intended and don't get fooled by get rich quick schemes you'll be A ok lol.

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TrashbatLondon@reddit

This is all you not believing them, which is fine, you're completely free to not believe them. But you're adamantly stating something is a lie based on... What exactly?

You said tether “has been audited” and that “it’s factually proven”

Neither of these things are true.

They are in the process of being audited and at some stage their reserves may be proven, but as of this conversation, neither of these things have happened.

You stating that they have happened is irresponsible.

Ok you seem to know more than me.

Correct

So, explain to me in detail please how I can find out your name, dob, address and other personal information by looking at your transaction hashes you've previously made online? Because the only way the FBI have been able to do it by tracing the transaction back to an account that has been setup via KYC, so you obviously know something we all don't?

I posted a link with details about how exactly this works, which you haven’t read. But given you earlier merely suggested use of a proxy as an extra layer of security rather than a mandatory step, I reckon you’d be pretty easily identified if anyone cared what you were up to. I presume the device you access merchant pages on is your own? As is the internet service contract you’re using? What about the method of receiving your goods, either virtual or physical? I suspect a join the dots exercise would take minutes. You’d genuinely be safer and more private making payments in a regulated system.

But we know from your other responses that your desire for privacy is more of a “vibes” thing than a necessity based on your activity, so the illusion you have created for yourself satisfies you.

I'm waiting for you to tell me what part of this whole thing is a scam and why I have never been scammed in over 10 years?

Did I say you’ve been scammed? The unregulated nature of the ecosystem makes undesirable consequences, like scams, more likely. It’s like saying you can’t ever be run over because so far you haven’t been run over. Risk exists.

It's almost like if you just use it like it was intended and don't get fooled by get rich quick schemes you'll be A ok lol.

Or a supposed stablecoin collapses and you lose your money. You have apparently been lucky so far. Many others have too. That doesn’t mean crypto is a good idea in general.

All I can advise is that you never hold crypto amounts that you cannot afford to lose.

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Jamiewoo133@reddit

No no, I read the article you posted and it literally implies that they need the KYC information to link accounts to a real person:

"When funds enter a custodial exchange wallet or omnibus address, tracing to an individual account requires the exchange’s internal records. The TRM platform labels known entities, clusters related wallets, and assigns risk scores based on exposure to illicit activity."

Aka, as I literally stated, anyone can view transactions freely but it DOES NOT reveal PERSONAL information about the account holder. Wallets, such as Trustwallet, DO NOT HAVE KYC and at best will be able to provide a device + IP address. Hence why millions of criminals also use crypto freely and don't get caught until they can find any real world ID to link them to their wallets - which is usually done through external investigations, not through the crypto wallet.

Public Wifi, hotspots etc. It's not very difficult. If you were a criminal and wanted to remain completely anonymsm you would just not connect to your own WiFi, which is common sense.

"All I can advise is that you never hold crypto amounts that you cannot afford to lose."

And I agree, didn't encourage otherwise.

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TrashbatLondon@reddit

Aka, as I literally stated, anyone can view transactions freely but it DOES NOT reveal PERSONAL information about the account holder. Wallets, such as Trustwallet, DO NOT HAVE KYC and at best will be able to provide a device + IP address. Hence why millions of criminals also use crypto freely and don't get caught until they can find any real world ID to link them to their wallets - which is usually done through external investigations, not through the crypto wallet.

So when you said you wanted anonymity, you actually just want superficial anonymity. Much like the protection you get from GDPR and PCI-DSS standards when making a visa card payment? 😂

Public Wifi, hotspots etc. It's not very difficult. If you were a criminal and wanted to remain completely anonymsm you would just not connect to your own WiFi, which is common sense.

Well, no, you’d also need burner devices, purchased in person, for cash, and any services or products you purchased would have to be completely disconnected from your identity too, so basically just in person consumables. Why go to the hassle of living like a hermit when you can just set up laundering fronts? Even the nefarious application of crypto is stupid.

"All I can advise is that you never hold crypto amounts that you cannot afford to lose."

And I agree, didn't encourage otherwise.

Hard disagree. How else can this be interpreted?

Crypto was, and still is, one of the best ways to keep your money away from banks and keep a level of anomity.

The problem with crypto is that it is a massive pyramid scheme, and anyone who dedicates much effort to it is forced to become a massive advocate for it, even when they don’t have the expertise.

You’ve spent a morning arguing deep into the comments section, and what have you achieved? You’ve completely u-turned on your initial statement and been shown to be (knowingly or not) repeating lies. It’s a system that forces its fans into becoming grifters for it.

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Jamiewoo133@reddit

Yeah I feel like this conversation is dragging.

I have 3 phones, one specifically for keeping all my passwords/wallets on. I never need to physically access it to receive money, only if I want to buy something. It's not an everyday thing to have in your hand, it's specifically if you want to use it. Most people have their wallets backed up on a USB somewhere.

Crypto was and still is a great way to keep money away from nosey financial institutions. You're acting like this is some sort of GOTCHA BITCH" moment when I still stand by what I still stand by that statement.

You've linked articles that quite literally outline the point I mentioned about anonymity - the actual reason millions of people got into crypto long before you even heard of it. It's nothing to do with "get rich quick" pyramid schemes, that is just the nature of what happens in the world of investment - scammers flock to it.

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TrashbatLondon@reddit

Yeah I feel like this conversation is dragging.

Your grift was exposed many post back. It’s just for sport now.

I have 3 phones, one specifically for keeping all my passwords/wallets on. I never need to physically access it to receive money, only if I want to buy something. It's not an everyday thing to have in your hand, it's specifically if you want to use it. Most people have their wallets backed up on a USB somewhere.

😂 all that effort because you think nosey parkers at the bank care about the type of niche porn you subscribe to, while not caring at all about government and law enforcement access, you know, people who actually can do bad stuff to you.

Now, do I believe that you genuinely hold that as a consistent position, or is it more likely you copied and pasted “it’s totally anonymous bro” from the crypto shill handbook and now you are trying to dig your way out having been called out on it?

Crypto was and still is a great way to keep money away from nosey financial institutions.

It is objectively an awful place to keep money of any real value. As you admitted yourself.

You're acting like this is some sort of GOTCHA BITCH" moment when I still stand by what I still stand by that statement.

You stand by two opposing statements.

You've linked articles that quite literally outline the point I mentioned about anonymity - the actual reason millions of people got into crypto long before you even heard of it. It's nothing to do with "get rich quick" pyramid schemes, that is just the nature of what happens in the world of investment - scammers flock to it.

I was on silk road when you were still telling teacher if a class mate had a box of matches mate. That is how I know much more about this than you.

Nobody in Europe needed faster, anonymised payments because we had superior legislation to protect us and had co-operative self regulation of finance, and didn’t have a massively splintered banking system stuck in the dark ages.

None of the talking points apply here mate. People got in to buy drugs and the realised that was not very safe, and also realised that you could pump and dump to get rich quick. Bag holders then made it their entire personality.

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Cultural_Tank_6947@reddit

Ah, so tax evasion as well. The benefits just keeping coming.

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Jamiewoo133@reddit

It's not for tax evasion, I just don't want nosey people looking at every single thing I do? I don't understand why everyone is automatically assumed to be a criminal.

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Cultural_Tank_6947@reddit

You can also keep cash that is completely legal and regulated. Using an "asset" that is not regulated and that sells itself as untraceable doesn't automatically scream legitimacy.

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Milam1996@reddit

But yeah definitely not for money laundering

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Jamiewoo133@reddit

Call it what you want but that was the main selling point that got everyone into crypto 10+ years ago, not all this new age pump and dump memecoin bullshit.

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Milam1996@reddit

A lot of words to say great for money laundering and scamming. Bitcoin can do 14 transactions per second. Visa does thousands. Utterly useless ad a currency. Crypto bros will swear the pretend clanker currency is real

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Jamiewoo133@reddit

Why is it money laundering and scamming to not want to have your name and personal details attached to every transaction you make? The main reason people started using crypto is for that reason, it's only recently everyone associates you with "crypro bros" and scamming. Beyond jarring.

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Evening-Tomatillo-47@reddit

Same with all currencies these days

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bowen7477@reddit

It's not the players it's the club's. They're paid millions of pounds a year to do as they're told. If someone offered you two hundred thousand pounds a week to promote this you'd do it. Hypocrite.

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Milam1996@reddit

They’re already on 100k a week. They’re supposed to be role models to children.

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wheepete@reddit

Part of their contract will involve obligations to club sponsors.

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bowen7477@reddit

Exactly this. And as I said, for two hundred thousand pounds a week, they'd all do it too. I guarantee it.

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Milam1996@reddit

Only if they allow the contract to state that. I’m sure lots of Muslim players have exceptions to doing alcohol adverts.

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ABritishCynic@reddit

And gambling, some even extending to not have gambling sponsors on their shirts while playing.

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bowen7477@reddit

I actually said they're already on huge money(top tip; read a post thoroughly before replying and making yourself look a prat!)

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Current_Mongoose_844@reddit

I think crypto should be illegal.

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citruspers2929@reddit

Why?

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Current_Mongoose_844@reddit

Disastrous for the environment.

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citruspers2929@reddit

Ah yes. You presumably only invest in ethical and environmental funds? And steer clear of establishments that fund the fossil fuel industry?

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Current_Mongoose_844@reddit

Yes actually.

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citruspers2929@reddit

No, that’s good for you. I’m impressed. But complaining about the minuscule impact on the environment of the crypto market compared to the entire banking industry seems a little silly to me. Who do you bank with?

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JeffBroccoli@reddit

Bit of a moot point when football is plagued by gambling ads from the top down, and half the clubs have gambling shirt sponsors and official betting parters

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rh8938@reddit

"we can solve everything so we shouldn't try anything"

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Perite@reddit

You’re right, but to be slightly fair, front of shirt sponsorship from gambling firms is banned from next season

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eggs_and_ham_i_am@reddit

Which is up there with banning plastic straws at McDonald's.

If "the state" really cared, it'd ban all gambling adverts from sports. Like it did smoking advertisement in F1 all those years ago when Governments actually had a back bone.

Now money talks and it gets to make the token choices to appease the masses.

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Historical_Owl_1635@reddit

You’ve completely changed the context here.

Nobody mentioned “the state” before you, the discussion was about football, which is banning gambling ads.

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eggs_and_ham_i_am@reddit

You: nobody mentioned the state, this is about footballs decision to ban them.

Also you: football has been warned if they don't then the state will crack down...

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Historical_Owl_1635@reddit

Well yes, because you’re the one that bought the state into this…

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Perite@reddit

“The state” hasn’t done anything and isn’t pretending to care. The clubs agreed to ban front of shirt ads.

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Joshouken@reddit

Means absolutely nothing when the televised experience has so many gambling adverts.

It’s the same as the ban on alcohol adverts which led us to seeing adverts for Heineken (0.0) and Guinness (0.0).

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Sad-Rent-9633@reddit

Both are bad

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KingsMountainView@reddit

I'm more bothered about them being sponsored and owned by genocide-funding states.

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jetelklee@reddit

Shit like this is the reason I stopped watching 1st league football. In my case (Germany) I basically started ignoring everything above 2nd Bundesliga.

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Chairmanwowsaywhat@reddit

I don't think it's their decision but the club's who are making this decision/ having part of the contract requirements being to advertise their club's "partners"

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SteakSandwichSideEye@reddit (OP)

Contracts are negotiable. Money talks though.

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theabominablewonder@reddit

They also shouldn’t be advertising EA FC (loot boxes gambling) and sports trading cards (box break gambling). Or holiday home investments. Or fast food (including their own from concession stands). Or watch brands that are ripping customers off by claiming they are high end when they are shoddy Chinese gear. Or local building firms that do shoddy work.. where shall we draw the line?

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SteakSandwichSideEye@reddit (OP)

Ahhh the inevitable whataboutism

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probablymojito@reddit

I think all forms of gambling advertising should be banned, like smoking.

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oscarx-ray@reddit

As an arsenal fan, I do not like several aspects of what my club has done or are doing.

As an adult, I'm able to resist the temptations of high-risk investments, even if they have adverts that feature players from my team - and anyone who isn't an adult isn't allowed to invest

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Milam1996@reddit

Well fortunately for you but unfortunately for society, you’re in a minority. These companies don’t pay millions for sponsorship because they want to help out a teams finances. They do it because they know that a whole shit load of people will sign up and lose a lot of money. There’s a reason why the front of shirt prices for gambling companies was way higher than literally any other industry and now most teams are getting a big pay cut because other industries can’t afford it

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External_Source1532@reddit

Crypto companies don't want people to lose do they? They profit off of selling fees which are a % of the total trade right?

I could be being incredibly naive here sorry

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Milam1996@reddit

Currency exchange earns them basically nothing as the spread has being narrowed through years of competition. What actually makes money is long/shorting currencies in options.

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oscarx-ray@reddit

I don't think I'm in the minority at all. I think most adults in the UK aren't crypto investors (not gamblers, this is a crypto company, not a betting company).

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oscarx-ray@reddit

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Low_Understanding_85@reddit

Nothing to do with you being an adult, as proven by other adults not being able to resist it.

Implying people who can't resist gambling addiction are children is shameful.

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oscarx-ray@reddit

An adult is allowed to make the choice to gamble and take the risks.

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19Ben80@reddit

The footballers aren’t, it’s the clubs, the players are contractually obliged to do whatever advertising the club says

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SteakSandwichSideEye@reddit (OP)

But footballers (well, their agents) negotiate contracts. They could exclude this sort of thing, but they don't because they get paid more

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Remote_Development13@reddit

"When crypto, then Bitpanda"

What the fuck is this even meant to be telling me?

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conbizzle@reddit

It's poorly executed. But think:

When crappy fast food Then McDonald's

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Fucker_Of_Destiny@reddit

r/dontdeadopeninside

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quantum_burp@reddit

Its an advert for the bitpanda exchange, where you can buy crypto

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Evening-Tomatillo-47@reddit

If a footballist (or any person) has that much influence over you then you need to grow a personality

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tcpukl@reddit

So adverts don't work?

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Evening-Tomatillo-47@reddit

Would you buy something just because one particular person says so?

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evenstevens280@reddit

Brands hire celebrities for their adverts exactly for this reason.

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Evening-Tomatillo-47@reddit

Should that work? If Brad Pitt says have a coffee do you have a coffee?

I get that if a company is willing to put Brad Pitt money to back their coffee they're not doing it because it's bad coffee, maybe I've just got "if Karl jumped off a cliff would you?" still in my head from school

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evenstevens280@reddit

Whether it should work, and whether it does work are different questions

It obviously does work otherwise companies wouldn't pay celebrities millions to endorse their products.

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Evening-Tomatillo-47@reddit

I'm not going to say it doesn't work, but I don't get to blame other people for influencing me

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TrashbatLondon@reddit

People who think they aren’t influenced by ads are usually the biggest marks.

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Evening-Tomatillo-47@reddit

That's interesting, why is that?

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TrashbatLondon@reddit

Because their ego lets them assume they’ll never be influenced, therefore they let their guard down and don’t recognise when they are being influenced.

If you’re worried about getting run over by a car, you’ll look both ways before crossing. If you’ve convinced yourself that you’re too smart to get run over, you might not bother looking both ways.

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oscarx-ray@reddit

What is a "footballist"? I'm not familiar with that term. Does it refer to someone who likes football, or have you used the wrong word to describe a footballer?

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oscarx-ray@reddit

A jihadist is in favour of jihad. A racist dislikes other races. A contortionist does contortions. The suffix you have used is ambiguous, and particularly silly if you just wanted to say "footballer" but pretended not to know that word.

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Evening-Tomatillo-47@reddit

You think I've never heard of the word "footballer"?

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oscarx-ray@reddit

I think I've never heard the word "footballist" and asked for clarification on your use of it, but didn't get an answer...

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oscarx-ray@reddit

Even if you're being facetious, it's unclear what you mean by it, because - as I pointed out - that suffix can mean pro/anti/a practitioner of

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Ok-Bag3000@reddit

Jesus! Are you always this serious? It must be exhausting!

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Llwynog93@reddit

Don’t, he’ll bang on about Jesus next!

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Ok-Bag3000@reddit

Oh God! Now I’ve gone and done it haven’t I!

Oh Christ! Now I’ve mentioned God as well!

Lord above……..!!!

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oscarx-ray@reddit

I tried to put in a melodramatic "OH GOD, OH JESUS CHRIST!" GIF from The Wicker Man movie here, but the sub doesn't accept GIFs 😓

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oscarx-ray@reddit

HE WAS GOOD BEFORE HE GOT INJURED AT THE WORLD CUP, OK!? 😭

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oscarx-ray@reddit

Genuinely confused and asking for a straightforward answer to a question. I'm not a big Jesus fan, honestly.

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MediocreMan_@reddit

Ahh a footballist, similar to those tennisers and cricketites.

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Evening-Tomatillo-47@reddit

Oh don't get me started on the cricketites, standing around all day and calling it a sport!

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RhynoPlays@reddit

Not great, but not as bad as the quote itself. Some highly-paid marketer has managed to come up with - and get cleared - 'When Crypto, then Bitpanda'. Like, what???

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Thomas5020@reddit

Disgraceful. Celebrities should not be allowed to endorse any financial product or service. Not banks, not stock trading, not crypto. None of it.

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Fucker_Of_Destiny@reddit

Why?

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Thomas5020@reddit

I just think it's morally wrong for celebrities to by trying to influence the publication financial decisions.

These people know nothing about what they're advertising, and the majority of consumers know nothing either but may be influenced to use the service because a rich moron has their face on it.

I find celebrity product endorsements bad anyway, but when you're advertising a financial product of service if the service is not right for that person it could cost them everything and cause years of damage to their life.

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External-Piccolo-626@reddit

To be fair this is arsenal rather than the players, and they also promoted Rwanda.

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metrize@reddit

of course it’s arsenal, they also supported a rapist, don’t really expect much but they find a way to shock you every time

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IfYouRun@reddit

This season, 11 teams have gambling sponsors on their shirts, and 13 of them have crypto sponsorships like this.

It ain’t just Arsenal and pretending it is, is frankly ridiculous.

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jamesdownwell@reddit

Are you expecting someone to say,

“Yeah I think it’s great they’re advertising high risk investments!”?

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unbelievablydull82@reddit

It's the modern version of footballers advertised tobacco. In twenty years there'll be something else advertised that's damaging. It's just putting out fires one by one.

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McFigroll@reddit

they are as bad as alcohol and gambling adverts but i doubt these players have any say what their picture gets used for. I'm only guessing, but they probably did a day of generic photo shots and Arsenal does what they want with the pictures.

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seklas1@reddit

I mean, crypto is an investment, pretty much same as buying stocks and shares. It’s not shady or whatever. It’s an alternative currency. It can make money and it can lose money.

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GrumpyOik@reddit

Picking a team that seemed to promise so much this year, but may end up with nothing is probably a good analogy for dealing with crypto.

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ServerLost@reddit

Its always the players who get it in the neck, mostly working class boys who've done well for themselves. Aim your righteousness at the billionaire owners.

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bradpitt3@reddit

Given how daft many footballers are and how many end up going bankrupt, it should warn you not to touch the product they are advertising.

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lil_timmzy@reddit

This example is not Premier league footballers advertising crypto, it's the football club.

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elbapo@reddit

Q1 ✅️ Q2 ✅️ Q3 ✅️ Q4 ❌️📉 🚨 🤡 🍼

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SeoulGalmegi@reddit

Football's current takeover by gambling sponsorship is the bigger problem in my issue.

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AdministrativeLaugh2@reddit

They probably don’t have a choice because they’re told to do it by the club. Yeah the players can kick up a fuss if it’s something they feel strongly about, especially someone key like Odegaard, but ultimately they don’t care enough.

You can blame the club for agreeing to the sponsorship.

However, it does explicitly say in pretty large font that it’s high-risk and the implication of the first sentence is that you will lose money. There has to be some personal accountability from people who are influenced by that advert.

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Fucker_Of_Destiny@reddit

I think your last two sentences should be in bold and the final sentence also in all caps

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tipsymage@reddit

I'm sick to death of not stop cons but at the end of the day its nothing new , fools and their money.

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NotoriousKSV@reddit

Of course associate bottlers with crypto

Both are gonna let you down

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quantum_burp@reddit

Far better than the gambling ads

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BenathonWrigley@reddit

Ban gambling advertising at football, bring back beer brands sponsoring shirts.

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DrFriedGold@reddit

AI slop.

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Aware-Dragonfly4433@reddit

I think people need to grow up and take accountability for themselves

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DrDrank101@reddit

You don't think the sheer level of gambling ads are an issue in this country? Most of them being very clearly marketing towards the working class

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Aware-Dragonfly4433@reddit

or perhaps it's you're perception of the working class that's the issue? Why do you think working class people are not capable of making decisions for themselves?

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Ok-Blackberry-3534@reddit

There are two points here though. Should people be responsible for their own finances? Yes. Should footballers be responsible for what they advertise? Yes.

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weeble182@reddit

But love, the football man made me lose all our life savings. I saw his picture on the tube and everything

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wybird@reddit

The Premier League has a major issue with taking sponsorship from illegal betting companies so this is small fry…

Josimar Football: How the Premier League can enable illegal gambling and money laundering

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desertcanyons@reddit

Ironic as this team of frauds are the most risk-averse ones in the entire league

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hedoesmore@reddit

I haven't even visited Rwanda yet.

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dbxp@reddit

I don't really care about footballers doing it, advertising regs should be about what is being advertised not who is doing it

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TheDawiWhisperer@reddit

Hilarious given how boringly risk averse Arsenal see.

On a more serious note this sort of investing is more like betting and they shouldn't be touching it with a bargepole

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