February 4, 2023

Riot Games filed a motion to compel (opens in new tab) yesterday in hopes of ending the League of Legends Championship series sponsorship deal with cryptocurrency exchange FTX (credit to crypto researcher and Harvard Innovation Lab fellow Molly White (opens in new tab) for the spot.) This follows the much-publicized implosion of FTX (opens in new tab) and the arrest of its founder, Sam Bankman-Fried, on fraud charges.

Coindesk (opens in new tab) reported on the agreement between Riot and FTX last August. The sponsorship deal would last for seven years, with FTX branding prominently displayed at LCS events. Riot did not disclose the price of the deal at the time, but did indicate that it was the largest such esports sponsorship the company had ever landed.

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