Betfair Nixes German Football Sponsorship

UK based betting exchange Betfair has announced that it has opted out of its sponsorship deal with German Bundesliga Football club Bayer Leverkusen.

The voiding of the deal comes with mutual consent of both parties, although the sponsorship deal was agreed to just last June.

No official details have been given for the opt out, but it appears that increased taxes on sportsbetting wagers likely played a role in the decision.

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