UK crime agency freezes Premier League account in crypto probe

The UK's National Crime Agency froze a Premier League account holding $13.5 million, targeting funds from a $140 million sponsorship deal with crypto firm Sorare. Law enforcement confirmed no wrongdoing by the Premier League, and the freeze is part of a broader crypto crime investigation.

• The action highlights ongoing scrutiny of sponsorship deals between sports organizations and crypto companies.
• Sorare, a fantasy sports platform using NFTs, has faced regulatory questions in multiple jurisdictions.