Cryptocurrency
300M in 24 hours: PSG and Juventus lead sports crypto charge
Yesterday marked a new dawn for crypto in sports as the leading forces in Italian and French football have listed digital assets on three of the world’s biggest cryptocurrency exchanges in partnership with the leading fintech blockchain company Chiliz driving 24 hour trading volumes of $300M.
The digital assets, known as Fan Tokens, for Paris Saint-Germain ($PSG) and Juventus ($JUV) listed on the world’s leading exchange Binance at 07:00 CET, before trading began on major Turkish exchange Paribu at 10:00 CET and top Korean exchange Upbit at 13:00 CET.
At the time of writing the 24 hour volume for $JUV stands at $150M USD, with $PSG at $121M.
The $PSG market cap now stands at $51M. $JUV is at $46M. $PSG price rose by 198% in 24 hours to €32.75, more than 16X the launch price of €2. $JUV rose by 113% to €28, a fourteen-fold increase on the launch price of €2.
$JUV and $PSG are now second and fourth in the list of top performing tokens globally as shown by the leading cryptocurrency data authority. Details on the evolution of $PSG and $JUV since launch can be found here: PSG CoinMarketCap and JUV CoinMarketCap.
The club listings are a result of strategic partnerships with Chiliz, a fintech blockchain company that provides some of the biggest sporting properties in the world with engagement and monetization opportunities through Fan Tokens on the fan influence and rewards app Socios.com.
Paris Saint-Germain and Juventus will be the first of many leading sporting organisations to have their digital assets listed on major exchanges. 18 more leading sporting organisations have partnered with Chiliz to date, including soccer clubs FC Barcelona, Atlético de Madrid, AS Roma, Galatasaray, Trabzonspor, Istanbul Başakşehir and Esports organisations Heretics, NAVI, Alliance and OG. Chiliz have also struck up agreements with the UFC and fellow MMA outfit the Professional Fighters League (PFL). Dozens more top-tier organisations and IPs from sports and entertainment are poised to join the roster of Chiliz partners in the near future. The combined total market cap for all Fan Tokens has now reached $151M. Total 24 hour volume for all Fan Tokens is $300M.
Powered by the utility token $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world. In just over a year it has been downloaded by more than 370,000 people, over 14m Fan Tokens have been sold, and over 700,000 votes registered on the blockchain. FC Barcelona’s ($BAR) Fan Token Offering sold out in 20 minutes, generating $1.3m, whilst Turkish team Trabzonspor’s FTO generated 5 million TRY in less than 5 minutes.
Alexandre Dreyfus, CEO & Founder of Chiliz and Socios.com said: “We have just taken a major step forward in our vision to tokenize the sports and entertainment industry over the next 5–7 years.
“This is a seminal moment for us, the start of a new trend where the world’s leading sporting organisations will have their proprietary digital assets listed on the biggest global exchanges, generating visibility, liquidity and volume. This new trend will gather pace as more of the world’s biggest sporting properties have their Fan Tokens listed in the near future.
“We will be adding many more partners from sports and entertainment in the years to come who will become part of this digital transformation and our wider global fan engagement and monetization ecosystem.”
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BC.GAME
BC.GAME Wins “Best Crypto Casino” at SiGMA Central Europe Awards 2025
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Global crypto entertainment brand BC.GAME has been named “Best Crypto Casino 2025” at the SiGMA Central Europe B2C Awards, held this year in Rome. The result has been published via SiGMA’s official channels and industry media, with BC.GAME listed among the winners in the cryptocasino operator category.
As part of the SiGMA Central Europe 2025 event in early November, the B2C Awards focused on operators that have shown notable performance in online entertainment and sports betting over the past year. The “Best CryptoCasino 2025” category is specifically dedicated to platforms built around crypto assets as a core feature of their offering.
According to award-related communications and public review sources, BC.GAME’s recognition is linked to its integration of crypto payments, multi-vertical product line-up and ongoing development in Web3-oriented use cases. Several third-party reviews have highlighted BC.GAME as a representative example of a platform that supports multiple cryptocurrencies, combines casino and sports content, and designs features with on-chain users in mind.
BC.GAME noted that the award serves as a form of interim feedback on the platform’s long-term commitment to the crypto segment. The company plans to continue improving the user experience around crypto payments, cross-device product performance and content operations, while expanding sports and esports-related partnerships in markets where such activities are permitted by local regulation.
As a crypto-native operator, BC.GAME incorporates mechanisms such as provably fair verification into its product design and combines these with a native token and promotional structures to deliver an integrated casino and sports experience for crypto community users. With continued nominations and awards within the SiGMA framework and other international programmes, BC.GAME is increasingly regarded as a long-term player in the crypto entertainment vertical.
The post BC.GAME Wins “Best Crypto Casino” at SiGMA Central Europe Awards 2025 appeared first on European Gaming Industry News.
Compliance Updates
Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities
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Romania’s National Office for Gambling (ONJN) has officially blacklisted Polymarket, a prominent prediction market that allows users to bet on future events, citing its operation as an unlicensed gambling platform. The decision comes amid heightened concerns over crypto-based betting during recent election cycles, where Polymarket reportedly saw trading volumes surpassing $600 million.
ONJN asserts that Polymarket’s “counterpart betting” model – where users wager against each other on future outcomes – falls squarely within the scope of Romanian gambling regulations. The regulator clarified that regardless of whether bets are placed using fiat currency or cryptocurrencies, they are legal gambling activities that require appropriate licensing. ONJN President Vlad-Cristian Soare emphasised that the issue is about compliance with the law, not technology, stating, “It’s about the law, not the platform’s blockchain foundation.”
Although Polymarket promotes itself as an “event trading” platform, ONJN concluded that its operational structure – where users place bets on the outcomes of unpredictable events and the platform earns commissions – meets the legal criteria of gambling. Consequently, Romanian internet providers are now mandated to block access to the platform.
The post Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities appeared first on European Gaming Industry News.
AUSTRAC
AUSTRAC Cracks Down on Cryptolink for Late Reporting
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AUSTRAC has issued Cryptolink an infringement notice of $56,340 and accepted a court-enforceable undertaking that addresses the company’s AML/CTF deficiencies.
The action follows AUSTRAC’s Crypto Taskforce identifying late reporting of large cash transactions and weaknesses in the company’s money laundering and terrorism financing risk assessments.
AUSTRAC CEO Brendan Thomas said the package of infringement notices and the enforceable undertaking is designed to ensure useable intelligence does not slip through the cracks.
“The infringement notice addresses previous non-compliance around reporting and the enforceable undertaking seeks assurance that Cryptolink has improved its risk assessments and strengthened its AML/CTF controls,” Mr Thomas said.
“Crypto ATMs are one of the highest risk money laundering channels in Australia at the moment. They are being exploited by criminals to launder money and move scam proceeds. This is not conjecture. It’s what our Crypto Taskforce observed and has been backed up by the work of our law enforcement partners.”
As part of the enforceable undertaking, Cryptolink must engage third party reviewers to:
• validate whether the business has reported all required threshold transactions to AUSTRAC
• assess whether the business has implemented effective controls for large cash transactions
• review Cryptolink’s money laundering and terrorism financing risk assessment to ensure it is fit-for-purpose.
Cryptolink has fully cooperated with AUSTRAC and paid the infringement notice in full. Payment of an AUSTRAC infringement notice is not an admission of liability.
The enforcement action comes after intensive engagement with crypto ATM operators since late 2024.
Working in partnership with law enforcement, AUSTRAC’s Crypto Taskforce estimated that 85% of transactions made by the 90 most prolific crypto ATM users were the proceeds of scams and money mule activity.
“Scams are one of the biggest drivers of suspicious activity and criminals have been using crypto ATMs to move and cash out stolen funds,” said Mr Thomas.
A recently released Australian Institute of Criminology report found more than 40% of cybercrime victims are revictimised, often within months.
“With this in mind we want people to be cautious of making transactions to any wallet they don’t control and thinking twice in circumstances where someone asks you to deposit money into a crypto ATM.”
The second stage of the Crypto Taskforce is focussed on high-risk operations.
“Criminals don’t care how they hurt people, they care about making money,” said Mr Thomas.
“We want to work with the digital currency exchanges to harden the sector against exploitation but if operators don’t take this seriously, we will take action.”
The post AUSTRAC Cracks Down on Cryptolink for Late Reporting appeared first on European Gaming Industry News.
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