Home » Stake F1 In Hot Water As Casino Commission Opens Legal Proceedings Against Title Sponsor

Stake F1 In Hot Water As Casino Commission Opens Legal Proceedings Against Title Sponsor

Stake F1 In Hot Water As Casino Commission Opens Legal Proceedings Against Title Sponsor

The Swiss racing team Sauber, now known as Stake F1 team, recently introduced their 2024 contender, the C44, in London, marking the beginning of their campaign for the upcoming Formula 1 season. However, their title sponsor, a crypto casino operator, has placed the team in a controversial position due to legal restrictions in Switzerland, where gambling advertising is heavily regulated.

Key takeaways:

  • Controversial Sponsorship: Sauber’s new main sponsor, Stake, has drawn attention not only for its significant branding on the team’s car and apparel but also for the legal challenges it presents. In Switzerland, Stake’s operation is illegal without a proper license, raising questions about the legality of their prominent advertising with the team.
  • Compliance Challenges: The partnership with Stake necessitates creative solutions for Sauber, as gambling advertising faces restrictions in various Formula 1 host countries. Team boss Alunni Bravi mentioned the possibility of altering the team’s name and sponsor branding based on local laws, indicating a flexible approach to navigating these legal landscapes.
  • Legal Proceedings: The Federal Casino Commission in Switzerland has initiated proceedings against Sauber due to the unlicensed status of Stake, potentially resulting in a substantial fine. Despite this, the team remains confident in their compliance efforts, according to Bravi.